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Howard Kurtz finds tax increases on wealthy "onerous" -- so how "affluent" is he?

July 21, 2009 12:54 pm ET by Jamison Foser

I've criticized Howard Kurtz a lot in this space, and in my columns, but he sometimes does good work.  For example, Kurtz occasionally makes the valuable point that the increasing affluence of high-profile reporters sometimes affects their coverage of political issues.  Here he is during yesterday's online discussion:

As journalists have become more affluent -- a trend to which I don't necessarily object -- they are more likely to hobnob with the big shots, send their kids to the same private schools, and hang out at the same parties. This undoubtedly affects their view of the world and the people they cover.

We need only remember Charlie Gibson's embarrassing performance during the Democratic presidential primary debates last year to conclude that Kurtz is on to something here.

Now, with that in mind, let's look again at today's edition of Kurtz's "Media Notes" column, shall we?  Kurtz:

And even though the administration has done a good job in, at the very least, neutralizing opposition from doctors and hospitals, it's still asking members of Congress to impose substantial pain, which politicians hate to do.

The trillion or so dollars to cover a major chunk of the uninsured has to come from somewhere. Some would be squeezed through lower Medicare and Medicaid payments from docs, hospitals and drugmakers, and they have political clout. The rest would either be drained by a surtax on the wealthy or taxing the most generous employer-provided benefits -- both of which are making many Democrats nervous.

Hmmmm.

More:

[TNR's Jonathan] Cohn may underestimate the difficulty of raising taxes on the affluent, especially since the added sting of losing their Bush tax cuts could push the top rate to an onerous 47 percent.

As I mentioned in an earlier post, Kurtz's use of the word "onerous" certainly seems to tip his hand.  

Now, given that Howard Kurtz says that journalists' affluence "undoubtedly affects their view of the world," and given that Howard Kurtz opines that potential tax increases on the wealthy would be "onerous," and given that Kurtz is one of the Washington Post's star reporters and hosts a CNN television show, it's impossible not to wonder just how affluent Kurtz is, isn't it?  Perhaps Kurtz should disclose that information the next time he decides to criticize tax policy -- or at least keep his own statements about journalists' financial situations influencing their reporting in mind before he so opines.

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    • Author by Col. Harlan Sanders (July 21, 2009 1:13 pm ET)
      2 1
      The wingnut media have got themselves into another bind with this skewed view of wealth. They've spent years convincing their audience (many of whom are making 50k or less) that raising taxes on those making more than a quarter million a year is cruel, and that it will affect their ability to help the commoners by providing jobs.

      They've been smirking at the idea that those making 200k-250k are in any sense "rich", depicting those at 4-5 times the national median income as just struggling to get by and hopefully having enough left to altruistically "give" jobs to those who are less motivated and successful.

      Now, with the health care debate taking place, I hear the same right wing yakkers whining that the "well-off" who are making 75k a year may be included in the statistics of the uninsured. I've heard more than one try to subtract these from the ranks of uninsured as people who can afford health insurance but choose not to.

      I don't know how things are in the rest of the country, but where I live, 75k means you're renting, and if you don't have insurance, it's probably not just because you don't really feel like being insured.
      Report Abuse
      • Author by nerzog (July 21, 2009 1:33 pm ET)
        1  
        Well said.

        The Republicans, led by Rush Limbaugh, have convinced a large number of "Joe-the-Plumbers" out there that $250,000 is still middle class, and that with a little hard work, they can all achieve that modest income. I'm sure that part of the problem is the frequency with which we hear what professional athletes and entertainers are making. Compared to what Rush Limbaugh makes, $250,000 does seem rather modest.

        Truth is, most of us will slog through life settling for much less than that. It's just reality.
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      • Author by Col. Harlan Sanders (July 21, 2009 5:08 pm ET)
        1 1
        Yay! I got a thumbs down for pointing out a glaring inconsistency and obvious contradiction being promoted by the right wing media. Seems to be a sure-fire way to get one from the drive-by thumbers.

        Translation of the thumbs down: "Stop pointing out how many different ways I'm being fooled!"

        That's what I have to assume, in the absence of any argument.
        Report Abuse
    • Author by nerzog (July 21, 2009 1:16 pm ET)
      2  
      And, if the top rate is indeed 47%, it is instructive to note that it doesn't apply to all of their income. It would only apply to income over a certain amount. Right now, the top rate applies to income over $372,000. My heart bleeds for the unfortunate wealthy.

      What was the top rate back in the 50s? Much higher, to be sure. How was the economy back then?
      Report Abuse
      • Author by rtwmd1230 (July 21, 2009 1:29 pm ET)
        1  
        88-90% for the late 1940s, 50s, and early 60s (which also happens to be the period of greatest economic growth in the history of our country).
        Report Abuse
        • Author by Col. Harlan Sanders (July 21, 2009 1:40 pm ET)
          1 1
          Yet one more point-- these are the nominal rates that are always cited, the official rates according to the tax code. I don't think, historically, that anybody has ever paid these actual rates (unless you're rich and very stupid, or have a horrible accountant), and I think the loopholes have changed over the years to allow the wealthiest to decrease their tax payments even more.
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          • Author by rtwmd1230 (July 21, 2009 1:44 pm ET)
            1  
            Or they go "John Galt" and just stop working all together. Remember all of those auto and steel industry execs who just quit and walked off the job back in the 50s?

            Or so the wingnuts would like us to believe.
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            • Author by jjamele2880 (July 21, 2009 2:14 pm ET)
              1  
              American businessmen are the most patriotic, loyal, flag-waving and freedom-loving Americans of all.

              And if you bring their tax rates back up to where they were in the year 2000, they'll shut their factories, fire their workers, and move their production to Malaysia.

              So please, lets do nothing that might harm the bottom line of these God-fearing, Flag-Waving Patriots.
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              • Author by Limit Corp. Ownership (July 21, 2009 4:33 pm ET)
                1  
                Media Matters brings up a very good point...

                Exactly how much does Kurtz make?...It would seem to be a pretty important disclosure for a reporter, especially one that comments on economic matters.

                Maybe Media Matters should keep a database of what these elite journalists are making?





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              • Author by shaggles (July 21, 2009 5:47 pm ET)
                   
                That's the really stupid thing. We had a great economy under Clinton but somehow putting tax rates back up to where they were then is going to destroy the economy.
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      • Author by shaggles (July 21, 2009 5:45 pm ET)
        1  
        I think a lot of people really aren't familiar with the idea of marginal income tax rates.
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        • Author by Col. Harlan Sanders (July 21, 2009 7:11 pm ET)
            1
          Nope, Shaggles. All the media yakkers need to do is get one of their unreliable sources to give them a number, like a "possible 50% rate on the very top portion of the income of the top 1% of Americans", and the glassy-eyed minimum wage wingnut hears that Obama wants to take half of his money away.
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          • Author by Col. Harlan Sanders (July 22, 2009 4:59 am ET)
               
            Heh heh.. I must be hitting home with one of the wingnuts. I got all of the thumbs-downs on this thread, and still no comments trying to dispute anything I've said.

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