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Sunday, November 25, 2007

Fox News And Chris Wallace Were A Little Rough On Fred Thompson

If Bill Clinton had gotten this kind of treatment from Wallace I think both Fox and Wallace would have gotten more than the famous Clinton finger wag.

Former Sen. Fred Thompson (R-Tenn.) suggested on Sunday that Fox News is biased against his campaign, charging that the network highlights commentators who have been critical of his run for the presidency. . . .

Thompson said, “This has been a constant mantra of Fox, to tell you the truth.” He noted that other conservatives have praised his bid for the GOP nomination and took issue with a Fox promo that focused on polling in New Hampshire, where Thompson is registering in the single digits.

He said he is running second in national polls and has been leading or tied for the lead in South Carolina for “a long, long time.”

Thompson, in a firm, but measured tone, scolded Wallace: “...for you to highlight nothing but the negatives in terms of the polls and then put on your own guys who have been predicting for four months, really, that I couldn’t do it, kind of skew things a little bit. There’s a lot of other opinion out there.”

I thought this question from Wallace was particularly noxious and arrogant:

Wallace denied to Thompson that “Fox has been going after you” and asked, “Do you know anybody who thinks you’ve run a great campaign, sir?”

Thompson responded, “It’s not for me to come here and try to convince you that somebody else thinks I’ve run a great campaign.” He added that National Review magazine has praised him for issuing detailed policy proposals on Social Security and immigration.

When Wallace asks Thompson if he knows of “anybody” who thinks he’s run a good campaign, Wallace is obviously using “anybody” to refer to the media elite.  If he didn’t it’d be a dumb question as Thompson has plenty of followers who thinks he’s campaigned just fine.  But all Wallace cares about are the people who he thinks really matters.  Namely, the talking heads on television.

Which is pretty darn arrogant.

Here’s the video of the interview:

Thompson did actually lay out his tax plan as well.  Here are the key aspects:

Key aspects of Thompson’s tax proposal:

_The choice of filing under the current system or a flat tax rate of 10 percent for joint filers with an income of up to $100,000 — $50,000 for single taxpayers; and 25 percent on income above these amounts.

The standard deduction would be more than doubled to $25,000 for joint filers and $12,500 for singles. The personal exemption would be increased to $3,500. A family of four would be exempt from income tax on the first $39,000. The simplified code would contain no other tax credits or deductions, and retain the 15 percent tax rate on capital gains and dividends.

_Preserving the $1000 child tax credit, which was doubled from $500 per child.

_Protecting marriage penalty relief.

_Retaining education tax incentives, including Coverdell Education Savings Accounts, 529 college savings plans, and deductions for higher education expenses.

_Permanently repealing the estate tax.

_Eventually repealing the Alternative Minimum Tax, a separate system created 30 years ago to ensure that a few high income Americans could not use deductions and credits to eliminate their tax liability.

Thompson also would index the exemptions annually so that millions of middle-class families would not be subject to the tax.

I’d be happier if Thompson supported something like the Fair Tax as I think we need something a little more radical than a shake-up of the current tax code, but these improvements would at least improve the situation.

Comments

So, Rob.... who do you know that thinks he is running a “great campaign” at this point?  I’d suggest it’s not just media people who are a bit perplexed by his presidential run at this point.

Carrick on November 25, 2007 at 12:08 pm
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The Fairtax scares many people because they do not/will not read the entire book--it’s quite short at about 100 pages to 150 maybe. If you don’t read it all you don’t see how the scary 23% retail sales tax is in essence less than we pay now in all taxes added together.  The big pols in DC are happy to scare us into keeping the current system--there are big big dollars to their campaign chests from those who want to keep it complicated, dense and murky.

halatbis on November 25, 2007 at 12:10 pm

Now wait a minute sir. Fox is fair and balanced.Nothing but the truth out of them. They are super patriots, protectors of our “Judeochristan” values, pro family,
can do nothing wrong and allways right talking heads. Plus that super american Sean Hannity works there. And arent they the ones to reveal the anti Christmas sentiment that has taken hold of america?
How can they be accused bias?

ellinas on November 25, 2007 at 12:15 pm

Guiliani is Fox’s man .
Get used to it.

Roger Ailes and Rudolph W. Giuliani have been pulling for each other for nearly two decades.

Mr. Ailes was the media consultant to Mr. Giuliani’s first mayoral campaign in 1989. Mr. Giuliani, as mayor, officiated at Mr. Ailes’s wedding and intervened on his behalf when Mr. Ailes’s company, Fox News Channel, was blocked from securing a cable station in the city.

This year, they were tablemates at the White House correspondents dinner, which Mr. Giuliani attended as a guest of Fox’s parent company, the News Corporation.

Now these allies and friends find themselves on largely uncharted political turf. Mr. Giuliani, 63, is a leading Republican candidate for president. Mr. Ailes, 67, is head of Fox News, the pre-eminent media outlet for likely voters in a Republican primary.
So far this year, one political journal found, Mr. Giuliani has logged more time on Fox interview programs than any other candidate.

Giuliani Finds a Friendly Stage
WOOF on November 25, 2007 at 02:31 pm

"Fair” is only “fair” in the mind of the user of the word “fair.”
What about people who did the right thing and saved a nest egg for their golden years and have already paid taxes on it many times?
Now you want to tax them again when they spend any of it?

Kevin on November 25, 2007 at 03:13 pm
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Thompson’s campaign has not been bad, he just had nothing to sell.  I’ve asked the Fred-heads here to list his qualifications for the Whitehouse 10 different times and I’m still waiting for the first qualification.

Even his own supporters have no idea why I should vote for him other than that he is “conservative”.  Hell, I’m more conservative than Thompson, vote for me.

Bill Mitchell on November 25, 2007 at 04:06 pm
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Kevin is right. The ‘fair’ tax could be a double tax on retired people who will spend savings. I’ve read that complaint before, and never read a solution.

About Fred; He has taken Tom Tancredo’s immigration stance as his own, The man is just not a leader, but he did play one. As patriotic Americans, we must come to grips with the facts that our presidents are picked for us by a group of elite politicians, bankers, and globalists. The race was to be CFR members Hillary vs. McCain, but McCain faultered, so Fred was dusted off and presented. Most of the first tier are CFR members, and media institutions, whether liberal (fully anti-American), balanced, like FOX (pro-elite), or other (ignorant), do not give much coverage to second tier candidates. Second tier is where you find the patriots. The big money is not on them.
I’m not saying there’s anything wrong with allowing the CFR to pick your leaders, especially if you like foreign accents. So, if you vould be so kind please keep quiet vile ve figure out how to run your life. First ve need to know if you have any money.........
Many of us are trying to retake control of our country, and we welcome North Dakota to join and help us.
God gave us the internet for a reason, use it.

Amador on November 25, 2007 at 05:19 pm
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When repealing the estate tax, is he going to eliminate the step up in basis upon inheritance and tax that amount as income?

Lestat on November 25, 2007 at 07:06 pm

Lestat:

When repealing the estate tax, is he going to eliminate the step up in basis upon inheritance and tax that amount as income?

”Set up in basis”?  What do you mean?
Carrick on November 25, 2007 at 07:33 pm
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Kevin,

Now you want to tax them again when they spend any of it?

Well, using that logic, we’d never be able to go to a consumption tax because everyone in this country will have already paid income tax on the money they’d then use to buy products during the first era of the consumption tax.

But we may just have to bite the bullet and do it anyway.  And we’ve already got multiple forms of taxation anyway.  I paid income taxes on the money I used to buy my home.  I then pay property taxes on that home.

It seems like one temporary layer of extra taxation on some earned wealth is a small price to pay for the larger benefits of the Fair Tax.  Benefits such as an abolishment of the billions Americans pay to comply with the current confusing tax code.


When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

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Rob on November 25, 2007 at 07:39 pm
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whine whine whine.

its vintage duh on November 25, 2007 at 07:43 pm
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When inheriting property, either real or personal, you take that property at the current market value instead of the purchase price the deceased bought it at.  For example if your father has stock he bought for $1,000 and is now worth $100,000, you take it at the tax value of $100,000.  For estate tax purposes it is assessed at the value of $100,000. 

If you eliminate the estate tax, but still allow the step up in basis than basically the $99,000 increase in value is never taxed as a capital gain.

Lestat on November 25, 2007 at 07:57 pm

I think what Lestat’s referring to is actually maybe an excuse to tax estates at a low rate (as opposed to what it is now).

Something closer to the capital gains rate of 15%.


What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.


The Whistler's signature
The Whistler on November 25, 2007 at 08:06 pm

Only cowards advocate taxing dead people and their orphans!

Kevin on November 25, 2007 at 08:20 pm

The only “fair” tax is the one that is only enough for legitimate functions of govt.  It doesn’t matter how it is collected.  The reason taxes are so harmful now is that they are way too high and the govt spends our money for illegitimate purposes - buying votes instead of performing their legitimate functions.  Jiggering the method of collection is meaningless; the only real solution is for the govt to drastically cut spending.


"Give the lefties a pile of money, and they’ll spend it buying votes.” - Rush Limbaugh on the “bailout”.

robert108 on November 25, 2007 at 08:48 pm
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Jiggering the method of collection is meaningless

So the billions Americans spend on tax compliance, coupled with the hours they spend, are meaningless?

If you actually believe that you’re a fool.


When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

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Rob on November 25, 2007 at 08:54 pm
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Going way back up the thread:

So, Rob.... who do you know that thinks he is running a “great campaign” at this point?  I’d suggest it’s not just media people who are a bit perplexed by his presidential run at this point.

Well my comment was suggesting that Fred apparently has a lot of supporters out there given that he’s been in second place, nationally, in the polls for some time now.

I just get tired of the criticism of his campaign, as though the style of his campaign were somehow more meaningful than his policies.

And I’d point out that no other candidate has come out with as many detailed policy outlines as Thompson has, nor have they been as candid about sticky policy issues like Social Security.

But it often seems like we’re all supposed to ignore that because Thompson has campaigned enough in New Hampshire or something.


When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

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Rob on November 25, 2007 at 08:57 pm

If you actually believe that you’re a fool.

This sort of insult and cherry-picking should be beneath you, Rob.
What I really said was that with the amount of tax and spend that goes on today, jiggering with the method of collection is meaningless.  Furthermore, reducing govt spending to what is legitimate for govt to spend would also make the method of collection unimportant.
I didn’t say it couldn’t be improved, just that reducing spending by govt is way more important.

Sorry you need to use insult to deal with disagreement.


"Give the lefties a pile of money, and they’ll spend it buying votes.” - Rush Limbaugh on the “bailout”.

robert108 on November 25, 2007 at 09:29 pm
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What I really said was that with the amount of tax and spend that goes on today, jiggering with the method of collection is meaningless.

Except that it isn’t, as I pointed out.

Furthermore, reducing govt spending to what is legitimate for govt to spend would also make the method of collection unimportant.

Even if I paid less in taxes, I’d still have to fill out confusing forms, keep track of receipts for deductions, etc.

So compliance costs would remain constant.

Sorry you need to use insult to deal with disagreement.

I’m sorry that you can’t ever just admit when you’re wrong.


When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

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Rob on November 25, 2007 at 09:35 pm

I’m sorry that you can’t ever just admit when you’re wrong.

This is a matter of opinion, not right and wrong.
I’m not wrong, I just disagree with you.  I don’t like the present tax code, but I think it’s naive to think that govt confiscation will ever be simple.  Too many politicians with differing agendas.  Once again, cutting spending is much more significant than jiggering with the method of collection.  Show me an example of the govt doing anything efficiently, Rob.


"Give the lefties a pile of money, and they’ll spend it buying votes.” - Rush Limbaugh on the “bailout”.

robert108 on November 25, 2007 at 09:53 pm
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Show me an example of the govt doing anything efficiently, Rob.

Nice try at changing the subject, but that’s not the point I’m making.

I said that simplifying the tax code, as the Fair Tax would do, would remove an enormous compliance burden from the American people.  This is the simple truth, yet you seem incapable of acknowledging it.


When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

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Rob on November 25, 2007 at 09:57 pm

I said that simplifying the tax code, as the Fair Tax would do, would remove an enormous compliance burden from the American people. This is the simple truth, yet you seem incapable of acknowledging it.

Again with the insult approach.  The problem with govt practices is the people, not the method.  If you stop them in one place, they will just go somewhere else.  About 30 years ago in CA, we had something known as Proposition 13.  Read up on it and see how it has turned out.  Might be enlightening for you.  Just some facts to back up my logic.  No insults necessary.
I realize you passionately believe in the so-called Fair tax, but I doubt that it would work, unless we change the people in govt.  If we did that, no jiggering would be necessary.  Think about it.


"Give the lefties a pile of money, and they’ll spend it buying votes.” - Rush Limbaugh on the “bailout”.

robert108 on November 25, 2007 at 10:12 pm
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And yet again you avoid the point.  The Fair Tax would remove income tax burdens.  Burdens that would exist no matter the level of government spending, as I’ve already pointed out.

And I’m actually not a Fair Tax zealot.  I’m sort of luke warm towards it, actually, for a number of reasons.

The danger of a serious black market emerging at such a high sales tax rate not the least among them.


When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

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Rob on November 25, 2007 at 10:23 pm

And yet again you avoid the point. No, that’s the point I’m making: the govt will get its money in any way it can.  If you jigger with the method of collecting taxes, they will simply raise fees or some other form of taxation.  It will probably be an Internet Tax.  That’s what they did with Prop 13.  It “worked” until the govt could come up with other ways to get their money. The Fair Tax would remove income tax burdens. By shifting them to some other burden. Burdens that would exist no matter the level of government spending, as I’ve already pointed out. No.  Less spending, the smaller the burden.  All the rest is simply window dressing.

Black markets are created where there is govt control of markets.  The black market is the free market, when the price system is no longer able to function publicly.


"Give the lefties a pile of money, and they’ll spend it buying votes.” - Rush Limbaugh on the “bailout”.

robert108 on November 25, 2007 at 11:18 pm
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Robert: The truth is that the Fair Tax reduces the income tax compliance burden.  That’s just how it is, no matter how you try to spin it.


When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

Rob’s recently listened-to songs:

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Rob on November 25, 2007 at 11:31 pm

Robert: The truth is that the Fair Tax reduces the income tax compliance burden. That’s just how it is, no matter how you try to spin it.

That’s what it claims it will do, but it’s only a claim at this point in time.  I don’t have to “spin”; I’m simply relating what has happened in the past.  They’re called “facts”.  Chase all the windmills you want; it’s a relatively harmless pastime, unless you want to do something about the real problem, which is govt spending.


"Give the lefties a pile of money, and they’ll spend it buying votes.” - Rush Limbaugh on the “bailout”.

robert108 on November 25, 2007 at 11:39 pm
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Oh my goodness, a claim?  The fact that no individual American will have to file income taxes under the Fair Tax is a claim?

You know, you could just admit that you were wrong and quit making yourself look like a fool.


When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

Rob’s recently listened-to songs:

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Rob on November 25, 2007 at 11:46 pm

Rob: One more thing, and then I’m done.  Under the present level of govt power over us, the so-called “Fair Tax” might bring some temporary relief, but it’s like trying to cure cancer with a band-aid, IMO.

Ultimately, we the people have to demand less of govt; far less.  Otherwise, there will be no real change, just short term cosmetic change.


"Give the lefties a pile of money, and they’ll spend it buying votes.” - Rush Limbaugh on the “bailout”.

robert108 on November 25, 2007 at 11:48 pm

You know, you could just admit that you were wrong and quit making yourself look like a fool.

As it has yet to be implemented, it’s just a claim; a seductive one, but nothing more at this time.  Run it through the political machine, then see what comes out.

If you can express yourself without insults, get back to me.


"Give the lefties a pile of money, and they’ll spend it buying votes.” - Rush Limbaugh on the “bailout”.

robert108 on November 25, 2007 at 11:58 pm

Rob: You are not wrong to believe the promises of the Fair Tax people, and I’m not wrong to believe that the real solution to our tax situation is to demand less from the govt.  We will both have to live with the reality, either way.  I choose my way, you choose yours.  That’s what individual independence is all about.  I think you are wrong on the issue of so-called “gay marriage” and drug use, but I don’t insult you or try to deny your choice to your own opinion.


"Give the lefties a pile of money, and they’ll spend it buying votes.” - Rush Limbaugh on the “bailout”.

robert108 on November 26, 2007 at 12:07 am
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This is just one more disappointment in Fred’s campaign.  His plan will increase the tax burden on many as they opt for the easy route rather than endure the computations necessary to determine if itemizing would save them money.  For the rest of us he has added yet another calculation that must be performed to determine our tax obligation.  As you stated in your post, he should have chosen the FairTax.

Brian on November 26, 2007 at 04:34 am
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