Corporate whore media alert

[brentspeak]

This article reads as if a hand-chosen cheerleader for corporations and hedge fund managers had written it. The reader isn't informed until the third paragraph that what the Democrats want is for corporate tax-break loopholes to be closed. Instead, the article bogusely makes Bush out to be someone on the side of the middle-class, when the reality is that he'll refuse to allow middle-class tax relief if it means his corporate and investor buddies won't be able to get away with paying their fair share of taxes. Note also how those Democrats who are on Bush's side of the issue are labeled in the article as "pro-business Democrats", as if the Democrats in favor of closing corporate tax-break loopholes are somehow "anti-business".

http://news.yahoo.com/s/ap/20071117/ap_on_go_pr_wh/bush

Bush wants tax legislation from Congress

By DEB RIECHMANN, Associated Press Writer Sat Nov 17, 10:10 AM ET

WASHINGTON - President Bush demanded Saturday that Congress send him legislation that keeps middle-class Americans from being hit at tax time next year by the dreaded alternative minimum tax.

That's not likely to happen anytime soon. Congress has adjourned for the Thanksgiving holiday. The legislation is muddled in the House and Senate. And Bush has threatened to veto any bill that raises taxes as a way of fixing the tax, known in shorthand as AMT.

(snip)

The White House said this amounts to a tax increase that would undermine the competitiveness of U.S. businesses in the global economy and could have adverse effects on the U.S. economy. Some pro-business Democrats joined Republicans in expressing concern that the carried interest provision could hurt venture capital and real estate investors as well as hedge fund managers making hundreds of millions of dollars.

[Cerridwen]

1. Bourbon Democrats.

My dad must be spinning in his grave.

*sigh*

[depakid]

2. This person does indeed have a poor reputation

See, e.g.

Deb Riechmann of the AP: He said, he said, blah, blah, blah

And they wonder why we call them stenographers.

http://wilsonhellie.typepad.com/for_the_record/2004/07/deb_riechmann_o.html