Wednesday, February 03, 2010

'Backdoor Taxes To Hit Middle Class'

Reuters Withdraws 'Backdoor Taxes To Hit Middle Class' Story Linked By Drudge Report

According to Gillian Reagan at businessinsider.com:

The lead story at DrudgeReport.com as of 11:30 a.m. this morning was "**REUTERS: Backdoor taxes to hit middle class." But Reuters withdrew the article last night. Drudge noted the change and wrote: "**REUTERS pulls tax story..." then added another link to the top left margin: "Largest-ever federal payroll to hit 2.15 million employees..."

So what happened?

According to a Reuters rep, the was withdrawn "due to significant errors of fact."

"The story was wrong on multiple points and should not have gone out," she emailed us. A formal withdrawal will issued will address specific points that were incorrect later today.

UPDATE: A White House offical told Talking Points Memo that administration aides appealed to Reuters to take it down.

The original link lead clickers to an article posted on Monday, Feb. 1 at 4:09 p.m. which reads, in part:

While the administration is focusing its proposal on eliminating tax breaks for individuals who earn $250,000 a year or more, middle-class families will face a slew of these backdoor increases.

Millions of middle-class households already may be facing higher taxes in 2010 because Congress has failed to extend tax breaks that expired on January 1, most notably a "patch" that limited the impact of the alternative minimum tax. The AMT, initially designed to prevent the very rich from avoiding income taxes, was never indexed for inflation. Now the tax is affecting millions of middle-income households, but lawmakers have been reluctant to repeal it because it has become a key source of revenue.

At 8:07 p.m. last night, Reuters posted another article: "The story Backdoor taxes to hit middle class has been withdrawn. A replacement story will run later in the week."

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Rush Limbaugh quotes on the deficit and economy:

"It is just amazing how destructive Obama's budget is for years and years and years. This is truly a problem."

"This budget destroys the country, not just next year, but for the next ten."

"We all got mad at Republicans and Bush for what we thought was out-of-control spending. Those guys were saving money compared to what Obama's doing."

"The Obama economy is not just affecting people in the United States. The Obama economy is also affecting people all over the world. When the US economy goes south so does the world's economy with a couple of exceptions, like the ChiComs."

"There is a giant misunderstanding of capitalism by people who hate it. They see it as a perpetual machine producing dollars and profits that they can skim, tax and take. They have an ingrained hatred for the pursuit of profit and they have a double ingrained hatred for the people that make a profit."

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According to Van Helsing at moonbattery.com:

As you'll recall, Obama is supposedly the friend of the middle class, and has repeatedly promised lower taxes for 95% of all Americans. In reality, he is the figurehead for an alliance between the ultra-rich liberal elite and the welfare class that is crushing the middle class and plans to loot its remnants out of existence for the greater glory of Goldman Sachs and ACORN.

Under Comrade Obama, the middle class will be taking it in the backdoor, all right.

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Only a fool believes that taxing the banks and other giant corporations won't trickle down to the middle class. . . .What about the increase in taxes on cigarettes and so many items. . . .who does that mostly affect?  The middle class. . . .

I guess they will dollar us to death to pay the 2010 Deficit of $1,600,000,000,000.00 (that's what over a trillion looks like)

Loved this quote from an old friend. . . . .

Remember when Ronald Reagan was president. We also had Bob Hope and Johnny Cash... Now we have Obama and no hope and no cash. HAHAHAHHA, LOL, WOO HOO. . . .Mike Deegear

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http://www.businessinsider.com/reuters-takes-down-story-linked-by-drudge-report-2010-2