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Tax Cuts Once Again Favor the Wealthy


Tax Cuts Once Again Favor the Wealthy
Networks fixate on tax cuts for the rich while ignoring exploding tax revenues.

By Noel Sheppard
Business & Media Institute
May 17, 2006

     While Congress hammered out a $70 billion tax-relief bill last week, the media wasted no time spinning it. After the House approved its version on May 10, the NBC Nightly News cited Democratic critics [who said] the overall bill is heavily tilted in favor of the very wealthy. At roughly the same time, the CBS Evening News presented a graphic to its viewers showing for incomes of $50,000 or less, youll average no more than $46 in savings.