Tax Cuts Once Again Favor the Wealthy
Networks fixate on tax cuts for the rich while ignoring exploding tax revenues.
By Noel Sheppard
Business & Media Institute
May 17, 2006
While Congress hammered out a $70 billion tax-relief bill last week, the media wasted no time spinning it. After the House approved its version on May 10, the NBC Nightly News cited Democratic critics [who said] the overall bill is heavily tilted in favor of the very wealthy. At roughly the same time, the CBS Evening News presented a graphic to its viewers showing for incomes of $50,000 or less, youll average no more than $46 in savings.