Monday, October 15, 2012

NBC's Gregory Lets Bob McDonnell Misstate Obama's Tax Plan

CHELSEA RUDMAN/Media Matters for America

NBC host David Gregory covered up a distortion of the Obama administration's tax plan by Bob McDonnell, letting the Republican Virginia governor claim that Vice President Joe Biden said the administration plans to "raise your taxes about $2 trillion" when in fact the administration has only proposed raising taxes on the wealthiest Americans.
McDonnell appeared on Meet the Press today to discuss, among other things, the October 11 vice-presidential debate. Commenting on Biden's performance, McDonnell claimed that Biden's remarks affirmed that "absolutely, Obama and Biden are going to raise your taxes about $2 trillion over the next couple months -- over the next four years."
Gregory made no effort to point out that McDonnell misstated the administration's tax plan. Biden did not say the administration will raise everyone's taxes, but very clearly restated the Obama administration's stance that tax cuts should expire for the wealthiest Americans, while tax cuts for middle-class Americans should be extended.
Indeed, during the vice-presidential debate, moderator Martha Raddatz, a reporter for ABC, asked Biden, "If your ticket is elected, who will pay more in taxes? Who will pay less?" The vice president replied that the Obama administration wants to "extend permanently the middle-class [Bush] tax cut" and allow "the Bush tax cuts for the wealthy" to expire:
VICE PRESIDENT BIDEN: The middle class will pay less, and people making a million dollars or more will begin to contribute slightly more. Let me give you one concrete example: the continuation of the Bush tax cuts. We're arguing that the Bush tax cuts for the wealthy should be allowed to expire. Of the Bush tax cuts for the wealthy, 800 million -- billion dollars of that goes to people making a minimum of a million dollars. We see no justification in these economic times for those -- and they're patriotic Americans. They're -- they're not asking for this continued tax cut; they're not suggesting it; but my friends are insisting on it. A hundred and twenty thousand families, by continuing that tax cut, will get an additional $500 billion in tax relief in the next 10 years, and their income is an average of $8 million.
We want to extend permanently the middle-class tax cut for -- permanently from the Bush middle-class tax cut.
Gregory also made no mention of the fact that analysts have said it's the Romney-Ryan plan that could actually raise taxes on the middle class. Studies from the Tax Policy Center concluded that Romney's tax plan would almost certainly have to "increase the tax burdens on middle- and/or lower-income taxpayers" in order to remain revenue neutral.
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