On Friday’s World News, and again on Saturday morning’s Good Morning America, ABC ran reports highlighting hedge fund manager John Paulson’s "jaw-dropping" 2010 income from capital gains, fretting that he will not pay as high a tax rate as many regular income earners, and referring to Paulson’s lower tax rate as a "loophole" or a "tax break." GMA co-anchor Dan Harris even relayed complaints of "extreme unfairness."
Both reports ignored the historical evidence - recounted below - that raising capital gains tax rates leads to revenue losses for the government, and instead concentrated on the complaints of those who want to see a tax increase. Both reports also misleadingly referred to "so many Americans" or "the typical American" paying income tax rates of "up to 35 percent," without noting that many lower-income Americans pay no income taxes while the 35 percent rate only applies to higher-income earners. And the idea of cutting the income tax rate on many Americans to move it closer to 15 percent certainly was not mentioned.
On Friday’s World News, anchor Diane Sawyer set up that show’s piece:
On Friday’s World News on ABC, correspondent Linsey Davis filed a one-sided report in which she cited the views of climate scientists who blame the recent cold temperatures and high amounts of snowfall on global warming. After recounting the recent extreme weather around the country, Davis continued:
If this winter seems especially brutal, scientists say you're right. ABC News contacted 10 climate scientists to ask their take, if an extreme winter like the one we're having is the way of the future. The consensus? Global warming is playing a role by shifting weather patterns in unpredictable ways. Many say the forecast for the future calls for record-breaking precipitation and extreme temperatures year round. And that means winters with more snow.
The ABC correspondent concluded the report by noting the unusually cold temperatures in Boston:
ABCNews.com on Monday featured various journalists peering into their 2011 crystal balls. Correspondent Linsey Davis noted higher retail sails and trumpeted, "So, with this economic rebound, my prediction is that there will be increased chatter about President Obama as the comeback kid."
ABC is hardly the first network to repeat this liberal wish. On the December 20 Early Show, political analyst John Dickerson mentioned the just-passed tax compromise and touted, "They are calling President Obama the comeback kid."
On another topic, correspondent Ron Claiborne asserted that African Americans believe "...The President has tended to shy away from identifying himself as the black president and has not done enough for African Americans, not just specifically for African Americans, but on the jobs front, which of course, hits African Americans and Latinos a lot harder than it does white Americans."
The night before, in a Sunday World News story on protests over the mosque, ABC expressed sudden respect for former President Bush as reporter Linsey Davis used him to undermine opponents: “In an attempt to make a clear distinction between Islam and terrorism, within days of 9/11 President Bush went to a mosque.”
Alfonsi generously began with how “he candidly discussed his beliefs with Barbara Walters for her 2006 special on Heaven” where he promised her “the Jews, the Christians, whoever believes in God and does good will be saved.” As for whether “one man's suicide bomber is another man's martyr?”, Alfonsi assured viewers:
In his book, the imam wrote: “The truth is that killing innocent people is always wrong and no argument or excuse, no matter how deeply believed, can ever make it right.”
'World News Tonight' showcases new food pyramid with no critical response; article turns to usual liberal suspect.