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":
Conservative media parroted Sen. Rand Paul's (R-KY) claim that cigarette taxes were partly to blame in the choking death of Eric Garner by a New York City police officer following a grand jury decision not to indict the officer accused in the incident. Mainstream media outlets criticized the "fanciful" assertion, explaining Garner died due to excessive police force.
From the December 4 edition of Fox News' The O'Reilly Factor:
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From the December 4 edition of CNN's The Situation Room:
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Right-wing media outlets hyped widely discredited research from the Heritage Foundation to push the myth that President Obama's executive actions on immigration will cost the U.S. economy more than $2 trillion in federal benefits paid to those undocumented immigrants whose deportations are deferred. But Obama's exercise of prosecutorial discretion on behalf of certain undocumented parents of U.S. Citizens and lawful permanent residents does not confer federal means-tested benefits and economists report that allowing more immigrants to legally work will raise revenues and boost the economy.
The Washington Post has promoted the conservative myth that corporate taxes in the United States are among the highest in the world while pushing the claim that tax rates should be further reduced as part of a so-called "reform" of the tax code.
From the October 28 edition of Cumulus Media Networks' The Mark Levin Show:
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From the September 10 edition of Fox News' Outnumbered:
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George Will promoted a "key issue" of a lobbying group in his Washington Post column just two weeks after giving the keynote address at its conference.
Journalism ethicists have recently raised concerns about Will's ethical practices, and have urged greater transparency and disclosure in his Post columns. Will has been criticized for failing to reveal his connections to Wisconsin's conservative Bradley Foundation, and Americans for Prosperity (AFP), a massive political group backed by the industrialist Koch brothers.
Will wrote an August 15 Washington Post column criticizing the "distracting crusade against the minor and sensible business practice called 'inversion,'" in which corporations leave the United States for a country with a lower corporate tax rate. He added that a "sensible corporate tax rate would be zero. This is so because corporations do not pay taxes, they collect them, necessarily passing on the burden as a cost of doing business. And studies suggest that corporations' workers bear a significant portion of the burden."
Will gave the keynote address to the National Retail Federation's (NRF) Retail Advocates Summit on July 30 in Washington, D.C. NRF is a trade and lobbying organization that represents "the interests of the retail industry through advocacy, communications and education." The group's annual DC summit brings "retailers who are passionate about policies they believe in can come to Washington to be advocates for change."
The summit listed as one of its "key issues" "Lower business tax rates," writing that "Corporate tax reform would benefit retailers in a number of ways, like allowing companies to make decisions based on business strategies rather than tax implications and increasing investment and job creation by passing along tax reduction to their customers."
NRF states on its website that it "has led the retail industry's push for tax reform and is an original steering committee member of the RATE Coalition, which represents a broad range of industries dedicated to the issue. In the course of dozens of meetings with lawmakers, policy experts and opinion leaders, and through reports and testimony, NRF has emphasized that reform of the existing tax system--not bumper-sticker proposals to abolish the IRS or scrap the tax code--is the proper path to economic prosperity."
The lobbying group posted a July 22 public policy article arguing that inversions are "evidence of the need for the United States to reform its federal tax system" in the form of lower corporate taxes.
Will, who is also a Fox News contributor, is represented by Washington Speakers Bureau, which lists his fee as "$40,001 & up." NRF did not respond to a request for comment.
The Society of Professional Journalists recently updated its Code of Ethics to include new provisions regarding transparency. The group's ethics chair cited Will's AFP disclosure failure as an example of a conflict journalists should attempt to avoid.