Taxes

The federal government today reported a $17.5 billion budget deficit for January. That brings this fiscal year's shortfall through four months to $194.2 billion, up from $182.8 billion during the same period last year. As usual, the Associated Press's coverage, this time delivered by Martin Crutsinger, named the nation's "Worst Economic Writer" by National Review's Kevin Williamson two years ago…

On successive front pages Saturday and Sunday, the New York Times hit from the left presidential prospects from each party: liberal Democrat Hillary Clinton and Bobby Jindal, the conservative Republican governor of Louisiana.

Rand Paul to reporter: "Calm down a bit here, Kelly. Let me answer the question." Joe Scarborough to guest: 'Let me finish my sentence and then you can be a condescending liberal Emanuel." The two responses sound similar, don't they? Two guys getting frustrated by their interlocutors' interruptions.  The irony is that Joe Scarborough devoted a segment on today's Morning Joe to rapping Rand Paul…

Following the unveiling of President Obama’s 2016 budget proposal, two of the three major broadcast networks made time to mention the story during their Monday evening newscasts, but only in the form of short news briefs.  ABC’s World News Tonight with David Muir dedicated 16 seconds of airtime to the subject and while it brought up how much of the President’s proposal centers around tax…

Two Jonathan Weisman reports from Monday on Obama's big-spending new budget underlined the New York Times' ongoing liberal obsession with "income inequality," with Weisman's report loaded with language that could have come straight from a liberal protester: "the rich are getting much richer."

On Monday, President Obama released his 2016 budget, which calls for increased spending and raising taxes, and on MSNBC’s The Cycle, so-called conservative co-host Abby Huntsman did her best to scold the GOP for opposing the tax-and-spend Obama budget. Speaking to Lauren Fox of National Journal, Huntsman proclaimed that Republicans’ “big thing is we’ve got to cut spending, this is not something…

The Seattle Seahawks yesterday - in a moment of profound foolishness - forsook Beast Mode for Least Mode.  And it cost them the Super Bowl.   But they can take ever so slight solace - the Media has been in Least Mode for decades.  This has been on prominent display throughout the Barack Obama Administration - and certainly when it comes to the Administration’s many, MANY unilateral power grabs…

After all three network evening newscasts ignored President Obama dropping his controversial plan to tax 529 college savings accounts on Tuesday, only Wednesday's CBS This Morning noticed the development, giving it a mere seventeen seconds. Neither NBC's Today nor ABC's Good Morning America covered the White House reversal.

In a reversal of a key proposal from his State of the Union address, President Barack Obama moved on Tuesday to drop the plan to tax 529 college-savings accounts after outcry from members of both parties and a direct appeal on Air Force One from House Minority Leader Nancy Pelosi (D-Calif.). When it came to the networks covering this backtracking by the President on this deeply unpopular idea…

Left-wing Daily Beast columnist Michael Tomasky today took to his keyboard to hack out a defense of the federal estate tax. Tomasky insisted taxation-without-respiration is "moral" and, what's more, agreeable to the Founding Fathers.

Appearing on CNBC's Power Lunch at 1 p.m. ET Friday, the business network's chief Washington correspondent John Harwood touted President Obama's proposal to tax 529 college savings accounts: "If you want to change the distribution of income in this country, you've got to take from some to give to the other, and that's precisely what the President wants to do. Middle class families...have…

Elias Isquith contends that “after eight years of George W. Bush,” America “was in such rotten shape that Obama had little time to do more than stave off the next crisis,” but that by this past Tuesday night, favorable economic developments gave Obama “an opportunity to boast of changing the ‘trajectory’ of the country like few presidents before him and none since Ronald Reagan.”

Introducing a segment on Thursday's NBC Today about parents saving for college, co-host Matt Lauer and the show's financial editor Jean Chatzky spent a scant twenty-four seconds on President Obama's recently announced proposal to hike taxes on college savings accounts. Lauer noted: "Talk to me a little bit about what President Obama was referring to when he gave the State of the Union address and…

On Tuesday's NBC Today, co-host Matt Lauer actually grilled White House chief of staff Denis McDonough on President Obama's tax hike proposal: "During the President's last press conference of 2014, he was asked how he might be able to work with the new incoming Republican-controlled Congress and he said, quote, 'The tax area is one area where we can get things done.' And now he's proposing a…