Reuters Middle Class Tax Hike Story Disappears Without Explanation
Yesterday, The Drudge Report linked to a Reuters story that referred to the Obama administration's plan to impose "backdoor tax increases that will result in a bigger tax bill for middle-class families." Reuters described the rate hikes that will take effect if previous tax cuts are allowed to expire:
the top-tier personal income tax rate will rise to 39.6 percent from 35 percent. But lower-income families will pay more as well: the 25 percent tax bracket will revert back to 28 percent; the 28 percent bracket will increase to 31 percent; and the 33 percent bracket will increase to 36 percent. The special 10 percent bracket is eliminated.While the Reuters' report is fair enough despite the ominous content, the problem arose when Reuters pulled the story later in the day without explanation. Those who browse to the old link find only a brief notice stating that the article was removed and will be replaced later in the week. (The story was reprinted later that day by Power Line blog, which provides the source for the above quoted portion.) A major wire story detailing large tax increases on the middle class during an election year would seem to be big news. Yet scarcely an eye was batted when this story disappeared. The administration can ill afford to be seen as raising taxes on the middle class during a recession when the President's Congressional majority is already imperilled. Reuters should be made to explain why this story disappeared.

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