$150 billion. That’s “the cost to taxpayers” for President Barack Obama’s proposal to not increase the income tax rate for those earning less than $250,000, White House correspondent Norah O’Donnell bizarrely asserted on Monday’s CBS Evening News. As for Republican nominee Mitt Romney’s desire to keep rates the same for all permanently, O’Donnell fretted: “The cost to taxpayers? An additional $850 billion over the next ten years.”
So, not increasing the amount a person pays in federal income tax is a “cost” to them? That’s just surreal, but reflects the media’s conflation of taxpayers and the government.
More in the cross-post on the MRC's blog, NewsBusters.