Sloppy ABC Misleads on Estate Tax Being ‘Slashed’; It Will Actually Increase 35 Percent
Good Morning America's Jon Karl on Thursday offered misleading, sloppy reporting on a congressional tax deal, bizarrely suggesting that the proposal “slashes” the estate tax. In a follow-up piece, news anchor Juju Chang asserted that many Democrats “are still opposed, especially to the estate tax cut .” In reality, the so-called death tax is currently at zero . Under the deal, it will increase to 35 percent. Karl mangled, ” Even Democratic leaders are fuming, especially unhappy with the provision that slashes the tax on inheritances. ” On the CBS Early Show, news anchor Jeff Glor spun, “One of [the Democrats'] major objections, that proposal to lower estate taxes. ” Again, an increase from zero to 35 percent is not “lowering.” (If no action had been taken the rate would have returned to 55 percent for individuals worth more than $1 million.)
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on December 9, 2010. Filed under