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Fox pre-emptively attacks Obama's new jobs plan by pushing falsehoods about taxes and the stimulus

September 06, 2010 2:02 pm ET

From the September 6 broadcast of Fox News' America Live:

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Previously:

Quick Fact: Wall Street Journal editorial ignores effective tax rate to claim U.S. corporate tax rate "is among the highest in the world"

Fox News' La Jeunesse ignores effective tax rate to claim U.S. corporate tax "second highest in the world"

Varney contradicts private analysts, economists with claim that stimulus failed

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    • Author by Saturnalian (September 06, 2010 2:15 pm ET)
      7  
      More fat cats with no facts spewing worthless propaganda. Poor, poor rich white guys.
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    • Author by DellDolly (September 06, 2010 2:45 pm ET)
      7  
      "If it didn't work the first time" nonsense!

      It DID work quite well the first time.

      Yet again, we see the argument that ONLY looks at what happened, and not what would have happened absent the stimulus!

      This is the same argument they use when trying to assert that HCR will cost a ton of money - the issue is, how much will it cost compared to the status quo!

      Just because the stimulus didn't solve every problem and bring us back to "normal" doesn't mean that it didn't work! It means that it wasn't fully successful - that doesn't mean that it didn't work, but FoxNews is trying to mislead its viewers.
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      • Author by So Fain (September 07, 2010 8:08 am ET)
           
        FoxNews is trying to mislead its viewers.

        It's all about misleading the public in order to swing opinion in favor of their preferred political party. It's the Corporate Right's NEW "American Dream."
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    • Author by YouTubeJEFF9K (September 06, 2010 2:51 pm ET)
      7  
      I think that often-quoted definition of insanity should be updated to "keeping on watching Fox News, and voting for Republicans."
      Report Abuse
    • Author by pros2pros2940 (September 06, 2010 2:54 pm ET)
      4  
      The US Government Accountability Office (GAO) reports that 95 percent of corporations paid less than 5 percent of their income in taxes, and 6 in 10 paid nothing at all in federal taxes from 1996 through to 2000.

      The corporate share of taxes paid fell from 33 percent in the 1940's to 15 percent in the 1990's.

      The individual's share of taxes has risen from 44 to 73 percent.

      Data from the OECD show that in the average member country corporate taxes are equal to about 3.5 percent of GDP.

      In the United States, corporate taxes have generally been between and 1.5 percent and 2.5 percent of GDP over the last two decades, according to the Congressional Budget Office (Table F-4).

      Most companies in US avoid federal income taxes

      WASHINGTON - Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.
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    • Author by steeve (September 06, 2010 5:17 pm ET)
      5  
      Another example of how incredibly cheap it is to help millions of people. The only way to spend really big money is to confine your helping to a few hundred rich people.
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