On Morning Joe, Larry Kudlow asserted that "on the campaign trail, Democrats trashing this economy, talking about raising taxes across the board are totally, utterly missing the boat here." In fact, the leading Democratic candidates for president have all proposed economic plans that include some tax cuts.
In his OpinionJournal.com column, former Delaware Gov. Pete du Pont wrote that "[t]ax rate reductions increase tax revenues. This truth has been proved at both state and federal levels, including by President Bush's 2003 tax cuts on income, capital gains and dividends." However, several former and current Bush administration economists have stated that tax cuts, including those passed under Bush, produce a net decrease in revenue.
George Will wrote that Sen. Clinton "stridently opposed" President Bush's "advocacy of personal accounts financed by a portion of individuals' Social Security taxes" and suggested that her recent proposal to offer a matching tax credit to families that invest in 401(k) retirement accounts reflects "an undisclosed epiphany," after which "she belatedly recognizes that 401(k) funds invested in equities are a foundation for security." But contrary to Will's suggestion, Clinton has long expressed support for tax credits for retirement investments, while opposing the diversion of Social Security payments into private accounts.
Fox News' Steve Brown claimed that Sen. Hillary Clinton would pay for her health care plan by "repealing the Bush tax cuts." Brown's report was accompanied by on-screen text that claimed "paying the price tag" for Clinton's health care plan would include "End[ing] Bush Tax Cuts." In fact, according to Clinton's plan, she would "discontinue portions of the Bush tax cuts for those making over $250,000."
Reporting on Rudy Giuliani's tax cut proposals, the Associated Press and ABC News' Jake Tapper gave no indication that they asked Giuliani or that Giuliani had spoken about how he would make up for the decrease in revenue that would result from enacting his proposals.
On The Situation Room, Wolf Blitzer correctly noted on several occasions that John Edwards' proposal for universal health care would raise taxes for only people making more than $200,000 per year. Nevertheless, at one point Blitzer told viewers that Edwards plans to "raise your taxes," suggesting the average viewer.
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