From the June 18 edition of Fox News' Fox & Friends:
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Several media outlets parroted Republican presidential candidate Jeb Bush's economic message after he claimed his administration would oversee 4 percent economic growth and the creation of up to 19 million new jobs. But economists argue that his goals are unrealistic, and question the impact any single president can have on "decades-long trends."
Conservative media outlets are attacking Democratic presidential candidate Martin O'Malley for purportedly "taxing the rain" as governor of Maryland. But as The Baltimore Sun noted, the state did "not tax the rain." O'Malley approved an anti-pollution levy on certain property owners to comply with federal law protecting the Chesapeake Bay and its watershed.
The talking point that O'Malley allegedly "taxed the rain" has been frequently used by conservatives since his presidential announcement. For instance:
Ahead of former Sen. Rick Santorum's announcement that he will run for president in 2016, media outlets reported on Santorum's efforts to frame himself as a "champion of the working class," without mentioning that Santorum's past tax policies favor the wealthy.
From the May 10 edition of Fox Broadcasting's Fox News Sunday with Chris Wallace:
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Fox News host Bill O'Reilly parroted a previously debunked claim that President Obama raised taxes more than 442 times since taking office -- a claim rated "Mostly False" by PolitiFact in 2014.
During the April 20 edition of Fox News' The O'Reilly Factor, Bill O'Reilly pointed to federal tax revenue to dismiss political rhetoric on income inequality, lamenting the tax rates of "Americans earning more than $400,000" and noting that "the U.S. has the highest tax rate on business in the world." O'Reilly complained that President Obama has imposed "punishing taxation," claiming that "since taking office, President Obama has proposed a whopping 442 tax increases" and asking, "how much more can the government take from the affluent without crashing the entire free market economy?":
But O'Reilly's claim that Obama raised taxes comes from Americans for Tax Reform, a conservative anti-tax group headed by Grover Norquist, and was rated as "Mostly False" by PolitiFact in 2014. According to PolitiFact, Americans for Tax Reform "overstate[d] the total number by a significant amount," noting that "removing duplicates eliminates about 159 of the proposals" and "failed to account for other tax cuts that are part of Obama's record, including nearly $220 billion in tax cuts that were part of the federal stimulus."
From the April 17 edition of CNN's New Day:
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MSNBC's The Rundown with José Díaz-Balart highlighted a new study by the Asian Americans Advancing Justice (AAAJ) and the Asian American Federation, which found that immigrants have a major positive impact on the American economy.
According to the study released by AAAJ, immigrants play a "vital role" in the American economy. The study reported a drastic increase in buying power of immigrants and minorities from 2000 to 2014:
The study also found that minorities and immigrants far outpace the majority starting small businesses:
Host José Díaz-Balart and MSNBC anchor Richard Lui highlighted the study during the March 2 edition of The Rundown, noting the positive impact immigration continues to have on the American economy. Lui also explained potential impact of immigrants affected by President Obama's action on immigration, reporting that the action translates to "potentially over 200 thousand new businesses and 200 thousand new jobs" for Americans:
A Fox News Special Report segment hyped fears that the Affordable Care Act (ACA) could impose a penalty on taxpayers who received an advanced premium subsidy to help defer the cost of health care insurance. But the report failed to note that the IRS offers penalty relief to some taxpayers.
According to The New York Times, many ACA enrollees who qualified for a subsidy and chose to have it paid in advanced based on their projected 2014 income may have to pay for subsidy overpayments. The Times explained, if "their actual income was higher -- because they got a raise or found a new job -- they will be entitled to a smaller subsidy and must repay the difference, subject to certain limits."
On the February 6 edition of Special Report, guest host Chris Wallace claimed that "many tax-payers are getting a nasty surprise courtesy of the president's health care law." White House correspondent Kevin Corke reported that millions could have to pay a tax penalty due to the overpayment of income-based federal subsidies to purchase health insurance under the ACA. Corke claimed that "millions may have underestimated their tax snapshot and now have to pay":
Media outlets are falsely alleging that President Obama's plan for free community college will hurt the middle class because it makes changes to 529 college savings plans. In fact, those who use 529 plans tend to be wealthy, and the changes will help build a broader tax credit for college savings.
Right-wing media maligned Obama's economic policy initiatives announced during his State Of The Union address as both divisive class warfare and Santa Claus-style giveaways.
Fox News misleadingly asked whether President Obama's new tax initiative which proposes to cut taxes on the middle class was "raising your taxes?" In reality, Obama's plan lowers middle class taxes and is funded by closing tax loopholes and increasing capital gain taxes on the top one percent of earners.
Fox News obscured the fact that Republican lawmakers are holding renewal of a terrorism insurance program hostage in order to continue chipping away at financial regulatory reform.
The Terrorism Risk Insurance Act (TRIA), first passed after 9/11 and subsequently renewed by Congress, allows the federal government to aid insurance companies in providing terrorism insurance to businesses. One of the biggest beneficiaries of TRIA are professional sports organizations like the NFL.
If TRIA is not renewed, these organizations could lose terrorism insurance coverage. Thus on the December 15 edition of Fox & Friends First, Fox Business contributor Lauren Simonetti claimed that the Super Bowl may be in danger of cancelation. According to Simonetti, "The reason is Congress," adding "unless this act is reauthorized by the end of the year," the Super Bowl could be canceled:
USA Today amplified a misleading op-ed claiming that proposed net neutrality regulations could cost consumers $15 billion in new user fees and taxes, a number that has been called into question by advocacy groups for faulty assumptions.
On December 12, USA Today ran an op-ed by Progressive Policy Institute's Hal Singer and Brookings Institute's Robert Litan promoting their conclusion that a vote by the FCC to reclassify the Internet as a public utility under Title II of the Communications Act could cost consumers "a whopping $15 billion in new user fees to consumer bills." The authors claimed that "[o]nce Internet access service is labeled a 'telecommunications service' under Title II, consumer broadband services could become subject to a whole host of new taxes and fees."
Singer and Litan admitted that "the Internet Tax Freedom Act pending in Congress might limit the impact of some of these taxes and fees" and that the FCC could limit service fees to consumers, but argued that such moves are unlikely and would not limit the impact of all fees.
The paper published the authors' claims despite the fact that their calculations have been criticized for relying on faulty assumptions. The nonpartisan open Internet advocacy group Free Press estimated that FCC limits and the Internet Freedom Act would reduce possible fees associated with net neutrality reclassification by nearly 75 percent, to $4 billion. The group called the notion that Internet reclassification would amount to more than $15 billion in new local, state, and federal taxes an unlikely "worst-case scenario" that fails to account for how net neutrality works in practice, as it ignores "the difference between services that cross state lines and those that exist entirely within one state":