How Not to Report on the Estate Tax

Reuters (7/14/10) has a report today on the efforts by senators Blanche Lincoln (D.-Arkansas) and Jon Kyl (R.-Arizona) to greatly reduce the amount wealthy estates owe in federal taxes. Under current law, after a one-year suspension, the federal estate tax rate will return to its pre-2001 level of 55 percent, with the first $1 million exempt. Lincoln and Kyl’s proposal would change the rate to 35 percent and exempt the first $5 million of an estate. This change would save millionaires $440 billion in its first decade, and add the same amount to the federal deficit. How does Reuters report […]


NYT Charts the Choices of Selfless Politicians

The remarkable ability to engage in in-depth discussion of lawmakers’ opposition to healthcare reform efforts without ever mentioning the massive contributions such lawmakers tend to receive from the healthcare industry is not confined to the Washington Post–as Dan Ward noted in his Extra! piece (11/09). Another recent example of the phenomenon was provided by the New York Times, which ran a piece (11/18/09) on three Democratic senators –Ben Nelson of Nebraska, Mary Landrieu of Louisiana and Blanche Lincoln of Arkansas–who may help filibuster the reform bill to death. The piece, by Carl Hulse, informs us that the three “have all […]