Shocker: Media Not Talking About Nearly $1 Trillion In Tax Hikes In Deficit Commission Recommendation

WASHINGTON - APRIL 27: U.S. President Barack Obama (R) speaks as co-chair of the National Commission on Fiscal Responsibility and Reform Erskine Bowles (L) listens in the Rose Garden of the White House April 27, 2010 in Washington, DC. Obama thanked members of the National Commission on Fiscal Responsibility and Reform for their service and spoke on the 'importance of forging bipartisan consensus around recommendations to meaningfully improve our long-run fiscal health.' (Photo by Alex Wong/Getty Images)

I don’t think the deficit commission’s recommendation put out yesterday is all bad. I like the overhaul of the tax code that eliminates a number of deductions in exchange for lower tax rates (though even with the lower rates we end up paying more in taxes). But there’s no doubt that the draft recommendations (not the commission’s final recommendations) do a lot more tax hiking than spending cuts.

In fact, there are nearly $1 trillion in tax hikes in the bill, though you’re not going to hear much about that from the liberal media.

Nearly $1 trillion. Certainly that’s a big enough tax hike to warrant prominent mention in a broadcast evening news show – especially after an election fueled by anger against government overspending and potential tax hikes.

Yet, only one of the three broadcast evening shows mentioned that number in its report about the debt commission’s preliminary recommendations that shook Washington on Nov. 10. The preliminary report called for tax cuts, tax increases, a rise in the retirement age, some spending cuts, and changes to Social Security and Medicare.

That night, CBS’s Chip Reid was the only reporter to point out that “overall taxes would increase because many popular tax breaks would be slashed.” One of the tax breaks in jeopardy: the home mortgage interest deduction. Reid cited the $961 billion cost estimate (over 10 years) from Americans for Tax Reform in his “Evening News” report.

We, as a nation, can’t afford more in taxes. Tax hikes should be off the table.

Any tax reform should be revenue neutral, because the problem isn’t that we’re not taxed enough. The problem is that we’ve got more government than we can afford.

avatar

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

Related posts

Top