Nets Expound on ‘Cost’ of Maintaining Tax Rates, Stress How ‘Tax Break for the Wealthy Increases the Deficit’

Framing the debate through a liberal prism hostile to continuing the current income tax rates, ABC and CBS worried Thursday night about the “cost” of not raising taxes, as if all money belongs to the government, as both expounded on how not ending the Bush rates will fuel massive deficits. “If all the Bush tax cuts end for the top two percent of earners, $700 billion will be added to government coffers,” CBS Evening News anchor Katie Couric warned, and “if all the cuts stay in place, the deficit will soar by $3.7 trillion over ten years.”

Posted by on December 3, 2010. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry