Wednesday, December 15, 2010

ABC Misleads on Estate Tax Being 'Slashed'; It Will Actually Increase 35 Percent

Good Morning America's Jon Karl on Thursday offered misleading, sloppy reporting on a congressional tax deal, bizarrely suggesting that the proposal "slashes" the estate tax. In a follow-up piece, news anchor Juju Chang asserted that many Democrats "are still opposed, especially to the estate tax cut."

In reality, the so-called death tax is currently at zero. Under the deal, it will increase to 35 percent. Karl mangled, "Even Democratic leaders are fuming, especially unhappy with the provision that slashes the tax on inheritances."


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