Media Reality Check
  Notable Quotables
  Press Releases
  Media Bias Videos
  30-Day Archive
  The Watchdog
  About the MRC
  MRC in the News
  Support the MRC
  Planned Giving
  What Others Say
  Take Action
  Gala and DisHonors
  Best of NQ Archive
MRC Resources
  Site Search
  Media Addresses
  Contact MRC
  Comic Commentary
  MRC Bookstore
  Job Openings
  News Division
  NewsBusters Blog
  Business & Media Institute
  Culture and Media Institute

Support the MRC


What The Media Tell Americans About Free Enterprise

Tell a friend about this site

June 1997



It's an article of faith among many reporters, especially at the television networks, that a cut in the capital gains tax would mainly benefit the wealthy, ignoring the fact that it would immediately help many in middle-class investors.

Dan Rather, on the May 23 CBS Evening News, for example, stated: "On Capitol Hill today, the Senate voted overwhelming approval today for the big balanced budget blueprint. Supporters of the plan say it would balance the budget in five years, provide $85 million in tax breaks mostly for families with children, cut the capital gains tax which would help immediately the wealthy, and save $321 billion out of Medicare, defense and other spending."

But USA Today's Anne Willette, on May 5, looked at the facts. "The explosion in stock ownership, especially through mutual funds, has made capital gains taxes a middle class issue," she reported. "Some 84 percent of taxpayers reporting capital gains income earned less than $100,000."

Kudos to Willette for giving USA Today readers facts about the capital gains tax they might not have been able to get from other news sources.


Rich Noyes





Home | News Division | Bozell Columns | CyberAlerts 
Media Reality Check | Notable Quotables | Contact the MRC | Subscribe

Founded in 1987, the MRC is a 501(c) (3) non-profit research and education foundation
 that does not support or oppose any political party or candidate for office.

Privacy Statement

Media Research Center
325 S. Patrick Street
Alexandria, VA 22314