Posts Tagged ‘Blanche Lincoln’

How Not to Report on the Estate Tax

Wednesday, July 14th, 2010

Reuters (7/14/10) has a report today on the efforts by senators Blanche Lincoln (D.-Arkansas) and Jon Kyl (R.-Arizona) to greatly reduce the amount wealthy estates owe in federal taxes.  Under current law, after a one-year suspension, the federal estate tax rate will return to its pre-2001 level of 55 percent, with the first $1 million exempt. Lincoln and Kyl's proposal would change the rate to 35 percent and exempt the first $5 million of an estate. This change would save millionaires $440 billion in its first decade, and add the same amount to the federal deficit.

How does Reuters report on this massive transfer of wealth to the rich?  Under the headline "Two Senators Propose Reinstating Estate Tax," reporter Kim Dixon begins her story, "Two senators, a Democrat and a Republican, have reintroduced a proposal to reinstate the estate tax, which lapsed this year amid a row among lawmakers over taxing the wealthy when they die."

The story does go on to note what the rates would be under the Lincoln/Kyl proposal compared to current law, but leaves the budget-busting math as an exercise for the reader.


NYT Charts the Choices of Selfless Politicians

Thursday, November 19th, 2009

The remarkable ability to engage in in-depth discussion of lawmakers' opposition to healthcare reform efforts without ever mentioning the massive contributions such lawmakers tend to receive from the healthcare industry is not confined to the Washington Post--as Dan Ward noted in his Extra! piece (11/09).  Another recent example of the phenomenon was provided by the New York Times, which ran a piece (11/18/09) on three Democratic senators --Ben Nelson of Nebraska, Mary Landrieu of Louisiana and Blanche Lincoln of Arkansas--who may help filibuster the reform bill to death.

The piece, by Carl Hulse, informs us that the three "have all been skeptical of a public health insurance option," and that all "represent states won handily last year by Sen. John McCain."  An accompanying chart provides more data:  when they each were first elected and when they're next up for re-election; their margin of victory in their last race and their state's presidential results in 2004 and 2008; the population and median income of their states; and what percentage of their constituents are enrolled in Medicare, Medicaid or are uninsured.

The implication is that these figures might help readers better understand these senators' stances on healthcare reform.  But one obvious potential influence goes unmentioned: the money these politicians get from healthcare interests.  For Nelson, the figure $664,000 in the 2005-10 election cycle; for  Landrieu, it's $615,000;  and for Lincoln, $763,000.

By providing readers with information about state residents' income and health insurance status, and leaving out the sums contributed by health interests, the Times is suggesting that the politicians take their voters' interests into account and ignore their own.  If that sounds like the kind of politicians you're familiar with, then you're likely to find the Times' coverage of the politics of healthcare reform highly informative.