AP’s Mangled Tax Factcheck

Yesterday Barack Obama made a speech outlining his deficit reduction plan–focusing attention on a variety of spending cuts and tax increases. The Associated Press, as is their habit, issued a “factcheck” piece by Stephen Ohlemacher that managed to bungle the issues involved, making it sound as if Obama was wrong about the taxes that wealthy people pay. Here’s how it started: President Barack Obama makes it sound as if there are millionaires all over America paying taxes at lower rates than their secretaries. “Middle-class families shouldn’t pay higher taxes than millionaires and billionaires,” Obama said Monday. “That’s pretty straightforward. It’s […]