Reuters’ Class Warfare: Lower Tax Takes 'Costs' Gov't

publiusforum.com ^ | 08/26/08 | Warner Todd Huston

[Mobile Vulgus]

Reuters thinks that tax breaks and loopholes "costs" government its tax receipts. This is a perfect example of class hatred ginned up by the media to further class warfare between Americans. The absolute truth is that if people use the tax code to limit their tax burden they are not costing the government anything, but are using legal means to avoid a higher tax burden. Further, our money is NOT the government's property in the first place so a lower tax take is in no way "costing" the government anything. Yet, Reuters still uses this class warfare rhetoric to report its story revealing its attack-the-rich agenda.

The Reuters headline employs the class warfare rhetoric right off the top screaming, Tax loopholes seen costing billions annually. "Costing"? No, if tax receipts are lower it isn't because people are depriving government of due receipts. Again, it is because taxpayers are obeying the law and properly using the tax code as crated by Congress. If there are loopholes in the tax code they were placed there by Congress, whether wittingly or unwittingly, but still it’s the fault of Congress not “the rich.”

The first paragraph gins up the class warfare rhetoric to an even higher level....

Read the rest at Publiusforum.com...

[Mobile Vulgus]

These media types will do anything to push their communist agenda!

[Coldwater Creek]

Obama plans to rescind Bush's tax cuts on folks making 250,000, or more. The idea is to make them pay for energy cost.

Another plan to destroy the middle class's incentive to succeed.

[econjack]

There's plenty of a priori evidence to suggest that lowering tax rates actually increases tax receipts. Experience in the US, England, and India show that the Laffer Curve is alive and well in most economic systems.

[Adder]

It ain’t just the media...its the entire Dumblecrat party.

They get it from them.

[xtinct]

#1. The rich aren't the ONLY people who own homes and other properties.

#2. Each and every time, the liberals start whinning about class, the middle class are socked with higher expenses.

#3. It's the middle class who are carrying the burden of these higher expenses that elite, wealthy liberals keep bitchen about.

#4. If wealthy liberals feel guilty about owning so much sell YOUR stuff and give it to the poor.

#5. Stop bugging the middle class who are struggling to pay their own damm bills.

[djsherin]

***Reuters thinks that tax breaks and loopholes “costs” government its tax receipts. This is a perfect example of class hatred ginned up by the media to further class warfare between Americans.***

This is also a perfect example of how the government thinks it owns our money and then gives us a portion of it back. How kind of them.

[driftless2]

Recall Charles Gibson’s interview with Obama where he asked The Anointed One why he wanted to raise capital gains taxes when it’s been proved that lower rates increases gov revenue. Obama looked absolutely stunned that a fellow lib had figured out the Dem scam of raising taxes was counter-productive. He gave Gibson a mealy-mouthed, ignorant answer and probably made a mental note to ask his pal Warren Buffet what capital gains taxes were.