A study released Wednesday
from accounting firm Ernst & Young, which estimated that the U.S.
would lose 710,000 jobs if the Bush-era tax cuts on the highest income
earners aren't renewed, apparently isn't newsworthy to CBS. The
network's Tuesday evening and Wednesday morning newscasts omitted the
study, which also predicted that the nation's already struggling
economic output would decline another 1.3 percent.
By contrast, on the July 9, 2012 edition of CBS Evening News, White House correspondent Norah O'Donnell played up a supposed $850 billion "cost to taxpayers" over 10 years if the current tax rates are extended.
On Tuesday, Bloomberg's Roxana Tiron and Richard Rubin reported on the study, which came from a partnership between the U.S. Chamber of Commerce, the Independent Community Bankers of America, the National Federation of Independent Business, and S-Corp. Tiron and Rubin quoted study authors Robert Carroll and Gerald Plante, who stated that "the higher tax rates will have significant adverse economic effects in the long run: lowering output, employment, investment, the capital stock and real after-tax wages when the resulting revenue is used to finance additional government spending."
Read more: http://newsbusters.org/blogs/matthew-balan/2012/07/18/cbs-ignores-study-job-losses-tax-hikes-cited-cost-taxpayers-keeping-c#ixzz210pRhzQz
By contrast, on the July 9, 2012 edition of CBS Evening News, White House correspondent Norah O'Donnell played up a supposed $850 billion "cost to taxpayers" over 10 years if the current tax rates are extended.
On Tuesday, Bloomberg's Roxana Tiron and Richard Rubin reported on the study, which came from a partnership between the U.S. Chamber of Commerce, the Independent Community Bankers of America, the National Federation of Independent Business, and S-Corp. Tiron and Rubin quoted study authors Robert Carroll and Gerald Plante, who stated that "the higher tax rates will have significant adverse economic effects in the long run: lowering output, employment, investment, the capital stock and real after-tax wages when the resulting revenue is used to finance additional government spending."
Read more: http://newsbusters.org/blogs/matthew-balan/2012/07/18/cbs-ignores-study-job-losses-tax-hikes-cited-cost-taxpayers-keeping-c#ixzz210pRhzQz
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