The government of Hungary voted to cut income taxes Monday to pull itself out of recession, and America's media for the most part ignored it.
At the same time, German chancellor Angela Merkel is pushing for lower taxes to help her nation's economy, and our press have similarly been less than enthusiastic about sharing the news.
One of the exceptions in both cases is the Wall Street Journal which reported the following Tuesday:The Hungarian parliament approved Monday a tax bill for 2010, a cornerstone of the country's attempts to boost its competitiveness.The bill will include a reduction in personal income taxes for average- income earners, a lowering of social security contributions for employers..
A Google news search identified only WSJ and Reuters reporting this news in the States; a LexisNexis search identified no television news reports on this subject.
As for Germany, WSJ reported this Tuesday:German Chancellor Angela Merkel announced her plan to cut taxes saying "it provide motivation" and encourage economic growth" and "It would be wrong not to do what is right and necessary for growth, and so prevent ourselves emerging quickly from this crisis,"
Much as with Hungary's cuts, Merkel's plans have not been widely reported here. In fact, although she began floating this idea in mid-June, a LexisNexis search identified no television news outlets addressing it.
Not one.
With Germany a member of the G-8, as well as a prominent U.S. ally and major trading partner, shouldn't its fiscal policy changes be newsworthy here? If Hungary and Germany were raising taxes, would our media be more interested in reporting it?
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