NewsHounds
We watch Fox so you don't have to!
  • Home
  • About
  • Naughty Corner
  • Forum
  • Archives
  • Blogroll
  • Donate
  • Shop
  • Contact
Home →

Fox News Gaga For Millionaires’ Tax Cuts

Posted by Brian -38pc on November 10, 2012 · Flag

On yesterday’s Your World, Neil Cavuto hosted “small business owner” Michael Fredrich to attack discuss the President’s refusal to extend the Bush tax cuts for those making over a quarter million dollars a year. If you didn’t already know that Fredrich was Fox’s kind of guy because he has threatened to lay off workers in order to skirt Obamacare regulations, you’d have known it from his first utterances in this segment: "Stop with the class warfare… To me, Donald Trump is a man that should be admired. I mean, he’s built a lot, he’s done a lot of good, he’s created jobs. And this vilifying successful people in this country is enough. I mean I've had enough of it." 

Cavuto didn’t point out to the “we report, you decide” network’s viewers that the “admirable” Birther Boy’s companies have filed for bankruptcy four times.

Cavuto asked respectfully, as if Fredrich had somehow morphed into an economist, "Do you think… that the way around this is to just keep the tax rates where they are, let them hash things out in the new year by either extending those rates, and then getting a simplified tax code or what?"

Fredrich responded as if he were an economist, even though “small business owner” remained his identification on the screen. "You look back over the last 100 years of this country and every time we've lowered tax rates, we have increased tax revenue. Why is that not on the table? I mean, President Kennedy did it, President Reagan did it, President Bush did it… You raise the tax rates, you have lower revenue, not higher revenue."

Well, not really. As FactCheck (hardly a liberal outfit) wrote in a 2007 post about a similar claim by Senator John McCain:

In fact, the last half-dozen years have shown us that we can't have both lower taxes and fatter government coffers. The Congressional Budget Office, the Treasury Department, the Joint Committee on Taxation, the White House’s Council of Economic Advisers and a former Bush administration economist all say that tax cuts lead to revenues that are lower than they otherwise would have been – even if they spur some economic growth.

But on Fox News, facts almost always take a back seat to political ideology.


Do you like this post?
Tweet
submit to reddit

Showing 14 reactions



    Review the site rules
Aria Prescott commented 2012-11-11 17:43:40 -0500 · Flag
“And this vilifying successful people in this country is enough. I mean I’ve had enough of it.”

And I’m sick of being called a parasitic slut that threatens the country because of my race, gender, and status in life. In fact, I’m pretty sure anyone who’s been getting called one of the three is sick of it.

But, by all means- tell us we should feel sorry for the rich white men that are spouting it because they don’t like accountability.
Robert Urban commented 2012-11-11 17:39:54 -0500 · Flag
Well Trump DID create jobs (for a few months at a time while he built all of his failures) he than cost a lot more in losses to this country by defaulting on money owed to all the subcontractors that he got a “Government Entitlement” to write off. I’m sure if you add up all the money this 1 idiot escaped having to pay or be responsible for thru Entitlement Programs such as Bankruptcy, causing subcontractors to default in turn on their commitments all the way down the line to the now unemployed person who was 6 generations from Trumps fiasco’s , it far outweighs ANY 1,000 people on food stamps. That’s the problem with people like this A$$hole. They see no farther (or is it further) up the road of the consequences of their actions than the arm length distance to their own checkbooks. In fact it is why the ONLY 2 businessmen ever elected as President of this country had terms that led to disaster.
Dan Griffin commented 2012-11-11 15:38:13 -0500 · Flag
It’s always fascinated me that Conservatives accuse liberals of engaging in class warfare. Liberals are the ones who are defending themselves from the class warfare the Conservatives always engage in
sandman1 commented 2012-11-10 22:48:38 -0500 · Flag
Yes Cavuto, lets simplify the tax code, after all it was the Poor that made it complex(with their carried interest deductions and estate tax planning)
d d commented 2012-11-10 21:28:32 -0500 · Flag
Thanks, M M – btw, it should have read: the same holds TRUE for so many of the “successful people”…
Joseph West commented 2012-11-10 21:06:34 -0500 · Flag
M M wrote: “Vilifying successful people”??? Doesn’t Fox News routinely bash “Limo Liberals,” the Hollywood elite, and Obama. They’re pretty successful people.


But you’re missing the point. If FoxNoise bashes people, it’s because they’re following the WRONG path to being “successful people.”
M M commented 2012-11-10 19:14:55 -0500 · Flag
Good point, d d. And very well-argued.
Kent Brockman commented 2012-11-10 19:00:40 -0500 · Flag
Rupert Murdoch’s Empire is an example of corruption gone wild.
d d commented 2012-11-10 17:55:40 -0500 · Flag
And on a related note, FOX “news” is always telling us that the “successful people” use their Bush tax cuts to create jobs, right? Um, not so much…

from Nov. 2, 2012
“The nonpartisan Congressional Research Service (CRS) issued a report back in September that showed that tax breaks for wealthy Americans did not help the economy or create job growth.

The report debunked a long-held Republican talking point that cutting taxes for the wealthy somehow creates jobs for the middle class, reports the New York Times.

However, the report was withdrawn because Senate Minority Leader Mitch McConnell (R-KY) said that Republicans were offended by words in the report such as “Bush tax cuts” and “tax cuts for the rich.”

http://www.opposingviews.com/i/politics/2012-election/republicans-censor-government-report-debunks-tax-cuts-create-jobs-myth

As to Fredrich’s "vilifying successful people” quip, while Jon Stewart was talking about Mittens at the time, the same holds truth for so many of the “successful people” that FOX “news” is always carrying water for.

Stewart: “Nobody cares that Mitt Romney is rich. It’s Romney’s inability to understand the institutional advantage that he gains from the government’s tax code largesse, that’s a little offensive to people, especially considering Romney’s view on anyone else who looks to the government for things like, I don’t know, food and medicine.”

http://www.mediaite.com/tv/jon-stewart-tears-into-romneys-weak-bain-capital-tax-return-defense/
M M commented 2012-11-10 16:25:25 -0500 · Flag
“Vilifying successful people”??? Doesn’t Fox News routinely bash “Limo Liberals,” the Hollywood elite, and Obama. They’re pretty successful people. There’s a difference between vilifying and pointing out someone’s vileness. Trump is a vile, petty, narcissitic, showboating, grudge-holding person, who also happens to be wrong in his political predictions more often than not. (Remember his Obama will start war in Iran to get elected tweets?) This would be true, be he the richest man in the world, or the poorest.
Ray Michaels commented 2012-11-10 15:02:28 -0500 · Flag
I think he and all the Foxy Jerks have failed ot noice one imporatnt thing ie WHO IT IS THAT NOW HOLDS ALL THE CARDS! That would be the President who has a mandate after getting the popular vote and over 300 electoral votes! So ranting and tantrum throwing won’t work this time!
mj - the same one commented 2012-11-10 14:59:49 -0500 · Flag
“Stop with the class warfare… To me, Donald Trump is a man that should be admired.”

Glad you think so, Mike. Since The Combover has declared bankruptcy four times, if you decide to lay off your workers just to get around a regulation, you may soon follow suit . . .

.
Lakeview Greg commented 2012-11-10 14:48:13 -0500 · Flag
Trump’s money has nothing to do with how the public reacts to him. His obnoxious personality does. Bullies are passe. Trump is a bully. That is why people can’t stand his candy-ass railings.
Richard Santalone commented 2012-11-10 14:43:48 -0500 · Flag
Hmmmmmm, I wonder if, like The Donald, Michael Fredrich hasn’t really done anything for a living outside of INHERITING and being a WELL-CONNECTED LEGACY?
blog advertising is good for you






or sign in with Facebook, Twitter or email.
Subscribe with RSS

Make Custom Gifts at CafePress


Sign in with Facebook, Twitter or email.
Created with NationBuilder