At the top of Meet the Press yesterday (9/25/11), NBC anchor David Gregory announced one of the topics to come: Is the president's plan basic fairness or class warfare? As with too many other media debates, an absurd proposition–that returning tax rates for certain wealthy people to levels seen in the 1980s and 1990s is a declaration of war–is treated as one of the two possible answers to a question. Gregory manages to make things worse by getting the only answer on the show from billionaire New York mayor (and media tycoon) Michael Bloomberg: GREGORY: Does that trouble you? BLOOMBERG: [...]
Aug
19
2011
ABC Evades Buffett's Tax Hike Proposal
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When a super-wealthy guy like Warren Buffett talks about taxing the rich– in the pages of the New York Times, no less– it gets the rest of the media talking. But that doesn't mean that talk will get things right. Here's one example from ABC World News (8/15/11): BIANNA GOLODRYGA (ABC NEWS): Much of Buffett's income comes from capital gains, profits resulting from investments, and they're taxed at only 15%. Buffett's solution, rates should be raised for the 300,000 Americans who make more than a million a year, left alone for everyone else. An additional 1% tax on the richest [...]
