Wednesday, June 08, 2011

'Patriotic Millionaires' Get An Unpatriotic Snub From Mainstream Media

Did you hear the story about the group of millionaires who called a press conference Monday and called on Congress to levy higher taxes on them?

I didn't think so. On a day in which we were treated with TMI about a New York congressman's errant self portraits, the public was deprived of an important side to the controversy over raising taxes on people making more than $1 million. It turns out that middle-class people aren't alone in their support on raising taxes on this group.

A group that calls itself "Patriotic Millionaires" held a press conference to mark the 10-year anniversary of the Bush tax cuts and encourage Congress to put millionaire tax rates on the table in the budget debates. The group released a video featuring millionaire beneficiaries of the Bush tax cuts who say that the cuts should be rescinded for the good of the country.

A clear majority of Americans in all classes actually wants taxes to be increased on earnings above $250,000/yr. Yet Congress ignores this fact and the even bigger fact that the only way to seriously reduce the deficit is to raise revenue levels. The mainstream media is, of course, complicit in this purposeful ignorance of fact. That this is "news" is beyond irony.

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