"Stringer Calls for Tax Cut" is the headline that the Wall Street Journal put over an article about a plan by the Manhattan Borough president, Scott Stringer, a Democrat who is a potential New York City mayoral candidate in 2013, to raise taxes overall by $23 million a year by slapping New Yorkers who earn $10 million a year or more with a 10% increase in their city income taxes, offset in part by small tax reductions for lower earners. I'm fond of the folks at the Journal's New York section, many of whom are my former colleagues, and this is a newsworthy topic about which the facts are all there in the article and the accompanying graphic if you dig down deep enough. But the headline shows the power of the press to frame an issue. One headline writer can turn what looks to me (even though I earn a lot less than $10 million a year) like a tax increase into a headline about a tax cut.
Stringer Calls for Tax Increase
https://www.futureofcapitalism.com/2012/02/stringer-calls-for-tax-increase
by Editor | Related Topics: New York, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list