On August 24, major stock markets in the United States opened their trading sessions with significant declines and sustained losses of 3 to 5 percent throughout much of the morning. Fox News used the event to advocate on behalf of numerous failed Republican policy demands, such as major tax cuts for the wealthy and a significant roll back of federal regulations.
From the August 24 edition of Fox News' America's Newsroom:
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Fox News' dishonest campaign against Planned Parenthood took a new turn when the network promoted its own deeply misleading "Taxpayer Calculator" purporting to show how much an average American taxpayer has contributed to the health care provider over the past decade.
On the July 27 editions of Fox News' America's Newsroom and Happening Now, correspondent Shannon Bream continued her network's smear campaign against Planned Parenthood Federation of America centered around a deceptively-edited video alleging to show PPFA employees negotiating the sale of "fetal body parts for medical research." Bream promoted the efforts of Sen. Rand Paul (R-KY) and Rep. Diane Black (R-TN) to strip federal funding for the organization before referring viewers to a so-called "Taxpayer Calculator" created by the network to show people how much they have contributed to Planned Parenthood over the past decade. From America's Newsroom:
BREAM: Over the past 10 years, it's estimated Planned Parenthood has received more than $4 million [sic] in federal and state government funding. Here's a look at what you, the taxpayer, have contributed based on your income level. Now, if you want a more specific estimate on just how much you've given to Planned Parenthood, head to FoxNews.com and click on "Taxpayer Calculator." Martha.
MACCALLUM: That's going to get a lot of people's attention.
BREAM: It will.
First, and perhaps most egregiously, the on-screen graphic Fox shows during both segments falsely claims that Planned Parenthood received $4.3 billion-worth of federal funding "over 10 years." According to the "Taxpayer Calculator" Bream referenced during the segment, Fox News does not actually know how much public support comes from either federal or state sources (emphasis added):
Planned Parenthood and its affiliates have received $4.3 billion in government funding over the last ten years, according to the group's annual reports. Their government funding comes from both federal and state governments. We do not know exactly how much of Planned Parenthood's funding comes from the federal government.
According to Planned Parenthood's most recent annual report, the organization received $528.4 million from "Government Health Services Grants & Reimbursements," which amounted to just over 46 percent of its operational revenue as of June 30, 2014. Some of this funding came in the form of federal Medicaid reimbursements for health care services for low-income Americans, while other funds came from various local, state, and federal grants -- the Hyde Amendment "excludes abortion from the comprehensive health care services provided to low-income people by the federal government through Medicaid."
After incorrectly assuming that all public money received by Planned Parenthood comes from the federal government, Fox News staff then based their taxpayer contribution calculations on the proportion of federal tax revenue derived from different income tax brackets. Federal income tax rates are higher than state and local income tax rates. In fact, seven states levy no income taxes at all while two others tax only capital gains and dividends, not traditional wages. Fox's sloppily constructed "average taxpayer share" does not reflect reality -- it's simply the highest estimate the network's research team could produce.
Finally, Fox's investigation of Planned Parenthood's revenue and the American taxpayer's contribution to that revenue provides no useful context for the viewer. In 2014, the federal government spent nearly 900 times more than Planned Parenthood collected from all government sources in 10 years; the $4.3 billion price tag Fox highlighted represents a miniscule portion of total government spending over the same period. Likewise, the 10-year burden shouldered by Fox's "average taxpayer" represents a tiny fraction of their total income over that period. According to Fox News, a taxpayer with earnings in excess of $2.5 million over a decade would contribute only about $40 annually. Meanwhile, the average taxpayer, with a median household income of roughly $52,000 per year, would contribute only about $1.50 per year to Planned Parenthood, according to Fox's own calculations.
The deceptive "Taxpayer Calculator" is a continuation of Fox News' long campaign of deceit against Planned Parenthood, despite the fact that the overwhelming majority of the work performed by the organization (97 percent) is not related to abortion services. Fox has demonstrated on many occasions that it has no clue what Planned Parenthood does or the vital services it provides for millions of men and women every year; including cancer screening and preventative treatment, contraceptive services, family planning, STI/STD screening, and assorted other women's health services.
From the July 12 edition of Fox Broadcasting Co.'s Fox News Sunday:
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Since 2010, Fox News' hosts and analysts have kept up a steady drumbeat of dire warnings that the United States is on a road to financial and economic ruin and could meet the same fate as Greece if it doesn't implement draconian cuts to social safety net programs as a way to cut the debt and deficit. But Greece, which pursued such cuts, accelerated its economic deterioration, while the United States has rejected extreme austerity measures and enjoyed six years of continuous economic recovery.
From the June 18 edition of Fox News' Fox & Friends:
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Several media outlets parroted Republican presidential candidate Jeb Bush's economic message after he claimed his administration would oversee 4 percent economic growth and the creation of up to 19 million new jobs. But economists argue that his goals are unrealistic, and question the impact any single president can have on "decades-long trends."
Conservative media outlets are attacking Democratic presidential candidate Martin O'Malley for purportedly "taxing the rain" as governor of Maryland. But as The Baltimore Sun noted, the state did "not tax the rain." O'Malley approved an anti-pollution levy on certain property owners to comply with federal law protecting the Chesapeake Bay and its watershed.
The talking point that O'Malley allegedly "taxed the rain" has been frequently used by conservatives since his presidential announcement. For instance:
Ahead of former Sen. Rick Santorum's announcement that he will run for president in 2016, media outlets reported on Santorum's efforts to frame himself as a "champion of the working class," without mentioning that Santorum's past tax policies favor the wealthy.
From the May 10 edition of Fox Broadcasting's Fox News Sunday with Chris Wallace:
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Fox News host Bill O'Reilly parroted a previously debunked claim that President Obama raised taxes more than 442 times since taking office -- a claim rated "Mostly False" by PolitiFact in 2014.
During the April 20 edition of Fox News' The O'Reilly Factor, Bill O'Reilly pointed to federal tax revenue to dismiss political rhetoric on income inequality, lamenting the tax rates of "Americans earning more than $400,000" and noting that "the U.S. has the highest tax rate on business in the world." O'Reilly complained that President Obama has imposed "punishing taxation," claiming that "since taking office, President Obama has proposed a whopping 442 tax increases" and asking, "how much more can the government take from the affluent without crashing the entire free market economy?":
But O'Reilly's claim that Obama raised taxes comes from Americans for Tax Reform, a conservative anti-tax group headed by Grover Norquist, and was rated as "Mostly False" by PolitiFact in 2014. According to PolitiFact, Americans for Tax Reform "overstate[d] the total number by a significant amount," noting that "removing duplicates eliminates about 159 of the proposals" and "failed to account for other tax cuts that are part of Obama's record, including nearly $220 billion in tax cuts that were part of the federal stimulus."
From the April 17 edition of CNN's New Day:
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MSNBC's The Rundown with José Díaz-Balart highlighted a new study by the Asian Americans Advancing Justice (AAAJ) and the Asian American Federation, which found that immigrants have a major positive impact on the American economy.
According to the study released by AAAJ, immigrants play a "vital role" in the American economy. The study reported a drastic increase in buying power of immigrants and minorities from 2000 to 2014:
The study also found that minorities and immigrants far outpace the majority starting small businesses:
Host José Díaz-Balart and MSNBC anchor Richard Lui highlighted the study during the March 2 edition of The Rundown, noting the positive impact immigration continues to have on the American economy. Lui also explained potential impact of immigrants affected by President Obama's action on immigration, reporting that the action translates to "potentially over 200 thousand new businesses and 200 thousand new jobs" for Americans:
A Fox News Special Report segment hyped fears that the Affordable Care Act (ACA) could impose a penalty on taxpayers who received an advanced premium subsidy to help defer the cost of health care insurance. But the report failed to note that the IRS offers penalty relief to some taxpayers.
According to The New York Times, many ACA enrollees who qualified for a subsidy and chose to have it paid in advanced based on their projected 2014 income may have to pay for subsidy overpayments. The Times explained, if "their actual income was higher -- because they got a raise or found a new job -- they will be entitled to a smaller subsidy and must repay the difference, subject to certain limits."
On the February 6 edition of Special Report, guest host Chris Wallace claimed that "many tax-payers are getting a nasty surprise courtesy of the president's health care law." White House correspondent Kevin Corke reported that millions could have to pay a tax penalty due to the overpayment of income-based federal subsidies to purchase health insurance under the ACA. Corke claimed that "millions may have underestimated their tax snapshot and now have to pay":
Media outlets are falsely alleging that President Obama's plan for free community college will hurt the middle class because it makes changes to 529 college savings plans. In fact, those who use 529 plans tend to be wealthy, and the changes will help build a broader tax credit for college savings.