O'Reilly Caught Lying About Health Reform Bill Tax
By: Steve - March 23, 2010 - 12:20pm
This is classic O'Reilly, lie your ass off with right-wing talking points to make your position on an issue seem stronger.
O'REILLY: I mean, now we're going to have every -- unearned income, which is interest, capital gains -- now you've gotta pay three and a half percent more. People are going to be looking, "Whoa. I'm only making 1 percent on my bank interest anyway." People are going to get teed off.
Last night O'Reilly claimed the Obama health care reform bill would tax the investment income of ALL taxpayers. In fact, the new tax would apply only to a single person who makes more than $200,000 a year, and families making more than $250,000 a year.
So O'Reilly was wrong, because the extra tax does not apply to most Americans. O'Reilly acted like every American who makes an investment is going to pay the new tax, which is a flat out lie. And btw, only 3.6% of Americans make over $200,000 a year, and only 2% of Americans make over $250,000 a year.
That means the new tax will NOT apply to 96.4 to 98.0 percent of all Americans. Proving that Bill O'Reilly is a massive liar. And think about this, the new tax does not even take effect until 2013, that's 3 years from now.
The reconciliation bill that passed the House and is currently before the Senate would impose a 3.8 percent tax on the investment income only of individuals with income exceeding $200,000 per year and families with income exceeding $250,000 per year.
From a March 20, Wall Street Journal article:
The levy, which would be effective in 2013 and apply to interest, dividends, capital gains, rents and royalties, represents a U-turn in tax policy.
And one last thing, Juan Williams (the fake Democrat) was a guest during this segment, along with Mary K. Ham. And neither one of them pointed out the O'Reilly lie about the new tax, or the fact that he never disclosed all the details, they just sat there and let him lie his ass off. So you have three so-called journalists lying to you, and nobody to tell you the truth, except me.
The new tax would affect couples with more than $250,000 of adjusted gross income and singles with more than $200,000. It would apply only to income in excess of those limits. So if a couple earned $200,000 in wages and $100,000 in capital gains, only $50,000 of that would be subject to the new tax.
In closing, think about this. If O'Reilly is not a partisan right-wing Republican, why is he lying about the new tax with right-wing talking points. Why did he fail to disclose all the facts, that the new tax does not start until 2013, that it only applies to singles making over $200,000 a year, couples making over $250,000 a year, and that 96% of Americans (up to 98%) will NOT have to pay the tax.
O'Reilly is crying about a tax on investments that does NOT even apply to 96 (or 98) percent of the people, and he had to lie about it to try and get people mad about the tax. This is not journalism, it's fraud, bias, and right-wing propaganda. Coming from the guy who claims to be a nonpartisan independent with a no spin zone.
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