Personal Finance

Pop quiz: how do you cut taxes on low and middle-income wage earners and end up with a greater percentage of people paying taxes?Such is a question the folks at the Associated Press should be asking themselves concerning a piece the wire service published Wednesday entitled "Nearly Half of US Households Escape Fed Income Tax: Recession, new tax credits have nearly half of US households paying no…

The Obama administration is trying out a second big-government remedy for people facing foreclosure, but NBC's "Today" failed to mention criticism of the initial program or provide any free-market solutions.  The White House has now tapped $14 billion in TARP funds to expand the administration's existing mortgage assistance program.  Matt Lauer introduced the "Today" show March 29 discussion of…

Overshadowed in the ObamaCare shenanigans the past few weeks are provisions weaved into the Democratic health bill that would require all federal student loans to originate with the government - the largest overhaul in decades. On the morning after the House passed the legislation, CNN Newsroom's Kyra Phillips did dedicate just thirty-four seconds to the government take-over of the student loan…

NBC's "Today" gave backhanded praise to Bank of America (BofA) on March 11 because of its decision to stop charging overdraft fees for debit-card transactions. "This is clearly an effort by Bank of America to repair its battered image," senior investigative correspondent Lisa Myers said. "But it's also a meaningful step that will save consumers money and keep families from spending more than…

Back on Christmas Eve of 2009, Obama's Treasury Dept. said it would lift the limits on what the federal government could provide in "emergency aid" to Fannie Mae and Freddie Mac - without seeking Congressional permission.  Very few reporters noticed, except for The Washington Post's Zachary Goldfarb who reported the story on Christmas Day and CNBC CME Group reporter and tea party inspiration…

Imagine the audacity of wanting to dispose of your own money as you see fit? The idea is hateful to Bill Scher of the Huffington Post, who demanded in "Super Wealthy Deathly Afraid Estate Tax Would Reduce Deficit" on March 9 that the wealthy "pay their fair share." Scher railed against the Bush tax cuts, and asserted that a 35-45 percent inheritance penalty (the estate tax or death tax) isn't…

In a story on American charitable giving on CBS’s Sunday Morning, correspondent Mark Strassmann cited liberal Princeton University bio-ethics professor Peter Singer on how much people should give: “[He’s] worked up a giving guide. The more you make, the more he believes you should give....He believes it’s within our power to virtually end world poverty.” A clip was played of Singer arguing: “…

In the midst of a left-slanting report on Sen. Chris Dodd’s (D-CT) triumphant return to his home state, there was a brief moment of sanity provided by (presumably) a Dodd constituent.This can’t be a good omen for Senator Countrywide (hat-tip to FireAndreaMitchell.com):REPORTER: A tired, but triumphant Senator Chris Dodd meets the media just hours after passing health care reform in the Senate,…

From the New York Times to the Colbert Report, liberal media commentators have had a field day bashing Glenn Beck for his purported conflict of interest in encouraging his viewers to invest in gold without disclosing that he has endorsed gold distributors. Yet few of these pundits have even mentioned Al Gore's monumental conflict of interest--which could have far greater consequences for…

On yesterday's CNN Newsroom, anchor Kyra Phillips shifted to "Bad Boys" mode:Lenders, lenders -- what you gonna do when they come for you? Call it an early Christmas present for people on the edge of losing their homes. The Obama administration cracking down on mortgage companies.We'll tell you about it.After the break:PHILLIPS: Well, from your health (ph) to your home, the foreclosure crisis…

NBC's coverage of a new bill that restricts credit card companies has been riddled with contradictions - first attacking companies for taking advantage of young people, then admitting students need to build credit. On May 14 "Nightly News" anchor Brian Williams said, "graduates enter the world with awful credit card debt" and then reporter Lisa Myers demonized credit card companies for…

Another day with Barack Obama as President of the United States, and another media report on how he is going to save us from ourselves. On NBC's May 14 "Nightly News," NBC identified a new problem facing society: credit card companies that use marketing gimmicks and low interest rates to lure in young borrowers. The solution, of course, is to continue the evolution toward a government that…

On the heels of President Barack Obama's weekend radio address, where he lobbied for so-called credit card reform, "CBS Evening News" chimed in calling the legislation "help" for small business borrowers. "Evening News" anchor Russ Mitchell referred to Obama's address about the need for new credit card regulation on May 10 and backed up Obama's claim with data from the Center for Responsible…

For whatever reason, CNBC keeps lining up challengers to take on its Chicago Mercantile Exchange floor reporter Rick Santelli over his self-reliance, pro-taxpayer persona - whether it's Steve Liesman, Arianna Huffington or this time, Keith Boykin - editor of The Daily Voice, a CNBC contributor and a BET TV host. ON CNBC's May 7 "The Call," Santelli took on Boykin in the program's "The Call of…