
How the CA press UNVERSALLY botched a tax increase story
This article is my analysis of how a casual misstatement regarding a proposed corporate state tax increase by a clueless CA state Democratic Party legislator became an accepted truth by all California media — and indeed national media — including Fox News. The error is bad, but my forensic analysis of how it came to be so widely accepted is the real story. It’s a cautionary tale for our MSM — one they doubtless will not learn from.
Apparently the error can be traced back to a press release and news conference featuring the bill’s two primary authors — Democrat State Assemblymen Kevin McCarty and Phil Ting. The gist of the presentation was that their proposed bill — the “Middle Class Fiscal Relief Act” — would confiscate “half” of the federal corporate tax savings of any corporation making over $1,000,000 — pouring this windfall revenue into the gaping maw that constitutes the California general fund.
The key misrepresentation was “half.”
Consider: The tax… Read More