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Articles about the work of Ryan Donmoyer

Bloomberg on Bush Tax Cuts
futureofcapitalism.com

In an article headlined, "Tax Cuts for High-Income Americans Depend on Democrats Blinking," Bloomberg News takes a look at the prospect that certain Bush-era income tax cuts will be extended for at least another year. The article mentions the views of seven people: Senator Wyden, Senator Voinovich, Roberton Williams, Nancy Pelosi, Steny Hoyer, John Boehner, and Stan Collender. Of these, only one, Mr. Boehner, is a real supporter of the Bush tax cuts.

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Boomberg's Ryan Donmoyer on Journo-List
futureofcapitalism.com

Last week I flagged a dispatch by Bloomberg News about the Bush tax cuts as particularly leftish biased. Now it turns out that the author of the dispatch, Ryan Donmoyer, was a participant in the Journo-list email discussion group in which members fantasized about killing Rush Limbaugh, throwing Michael Ledeen through a plate glass window, and discussed accusing various right-wingers of racism to distract attention from Rev. Jeremiah Wright. Many of the other participants are identified with openly left publications such as the Nation. But Bloomberg News is supposed to be straight down the middle.

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Bloomberg Businessweek on 'Most Economists'
futureofcapitalism.com

Job no. 1 for Clark Hoyt: Figure out who wrote the subheadline on the Bloomberg Businessweek cover story: "Most economists agree there's little choice but to end tax cuts from George W. Bush's era." The article makes no mention of any survey of economists on the point, so it's hard to see how it's accurate.

There are other problems with the article. It says, "What Bush and others failed to see was that the Clinton surplus had been a fluke. Capital-gains tax receipts had grown because of the short-lived dot-com boom. A stalemated government was living within its means: Clinton couldn't get spending programs past the Republican-controlled House and Senate and the GOP couldn't get tax cuts past Clinton."

Read More...


Ryan Donmoyer on the Bush Tax Cuts
futureofcapitalism.com

Bloomberg News's in-house ideologue, Journo-lister Ryan Donmoyer, has a new article out that runs under the headline "Most High Earners Wouldn't See Big Bill From Tax Rise." The first sentence of the article, like the headline, emphasizes the idea that letting the Bush tax cuts expire wouldn't be that big a deal: "President Barack Obama's plan to let Bush-era tax cuts for the highest-income Americans expire would have limited effect on 76 percent of those taxpayers, a study says." Lower down, the article reports that the 315,000 taxpayers who earn more than $1 million a year "would owe $31 billion more, or almost $100,000 on average."

Read More...


Another Ryan Donmoyer Special
futureofcapitalism.com

Bloomberg's Ryan Donmoyer, a participant in the hard-left Journo-List, has an article about a Treasury Department look at the question of whether White House aide Austan Goolsbee did anything wrong in naming Koch Industries in a conversation with reporters about corporate tax structures. The final paragraphs of the article dismiss the concerns:

Christopher Bergin, chief executive of Tax Analysts, a Falls Church, Virginia, publisher of tax information, said it's "incredibly unlikely" that top White House officials would violate confidentiality laws. Even if they tried, IRS procedures put in place after President Richard Nixon tried to use the agency for political purposes would stop them, Bergin said.

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The Rich Get Poorer
futureofcapitalism.com

Those income inequality statistics from the IRS about how the rich got richer in 2009, cited in the Bob Herbert New York Times column mentioned here, turn out to be bogus, Bloomberg News reports, via TaxProf:

Two people were found to have filed multiple W-2 forms that made them into multibillionaires, an agency official said. Those reports skewed statistical wage tables, released Oct. 15, and made it appear that top earners in the United States had seen their pay quintuple in 2009 to an average $519 million each. The agency today released corrected tables that showed the average incomes of the top earners, in fact, declined 7.7% to $84 million each.

Oops. It'll be interesting to see whether the Times corrects Mr. Herbert's column, or whether Mr. Herbert changes his opinion, based on the new data.

Read More...


Another Ryan Donmoyer Cheap Shot
futureofcapitalism.com

Biased articles by Bloomberg News's in-house ideologue, Journo-lister Ryan Donmoyer, are becoming so frequent (see here, here, and here) that I hesitate to point them out, but every once in a while one comes along that is so egregious that it demands notice. Today's example is an article under the headline "Return of Estate Tax Looms as Final Impediment to Extending Bush Tax Cuts."

Here is Mr. Donmoyer attempting to summarize the argument: "Opponents criticize the estate tax as an unfair levy that destroys family businesses while proponents of the tax, who include billionaires Warren Buffett and Bill Gates, view it as essential to preserving meritocracy in U.S. society." The opponents get no names, while the proponents are associated with two rich and generally popular famous people.

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Ryan Donmoyer Leaves for Ernst & Young
futureofcapitalism.com

Bloomberg News Washington tax reporter Ryan Donmoyer has left the wire service to go work for accounting firm Ernst & Young, the latest example of the journalism revolving door. Mr. Donmoyer's work for Bloomberg has been the subject of considerable criticism on this Web site (see here, here, here, and here) and his name also surfaced as a participant in the hard-left Journo-list email discussion group, on which members fantasized about killing Rush Limbaugh, throwing Michael Ledeen through a plate glass window, and discussed accusing various right-wingers of racism to distract attention from Rev. Jeremiah Wright.

Read More...


Bloomberg on Bush Tax Cuts
futureofcapitalism.com

In an article headlined, "Tax Cuts for High-Income Americans Depend on Democrats Blinking," Bloomberg News takes a look at the prospect that certain Bush-era income tax cuts will be extended for at least another year. The article mentions the views of seven people: Senator Wyden, Senator Voinovich, Roberton Williams, Nancy Pelosi, Steny Hoyer, John Boehner, and Stan Collender. Of these, only one, Mr. Boehner, is a real supporter of the Bush tax cuts.

Read More...


Boomberg's Ryan Donmoyer on Journo-List
futureofcapitalism.com

Last week I flagged a dispatch by Bloomberg News about the Bush tax cuts as particularly leftish biased. Now it turns out that the author of the dispatch, Ryan Donmoyer, was a participant in the Journo-list email discussion group in which members fantasized about killing Rush Limbaugh, throwing Michael Ledeen through a plate glass window, and discussed accusing various right-wingers of racism to distract attention from Rev. Jeremiah Wright. Many of the other participants are identified with openly left publications such as the Nation. But Bloomberg News is supposed to be straight down the middle.

Read More...


Bloomberg Businessweek on 'Most Economists'
futureofcapitalism.com

Job no. 1 for Clark Hoyt: Figure out who wrote the subheadline on the Bloomberg Businessweek cover story: "Most economists agree there's little choice but to end tax cuts from George W. Bush's era." The article makes no mention of any survey of economists on the point, so it's hard to see how it's accurate.

There are other problems with the article. It says, "What Bush and others failed to see was that the Clinton surplus had been a fluke. Capital-gains tax receipts had grown because of the short-lived dot-com boom. A stalemated government was living within its means: Clinton couldn't get spending programs past the Republican-controlled House and Senate and the GOP couldn't get tax cuts past Clinton."

Read More...


Ryan Donmoyer on the Bush Tax Cuts
futureofcapitalism.com

Bloomberg News's in-house ideologue, Journo-lister Ryan Donmoyer, has a new article out that runs under the headline "Most High Earners Wouldn't See Big Bill From Tax Rise." The first sentence of the article, like the headline, emphasizes the idea that letting the Bush tax cuts expire wouldn't be that big a deal: "President Barack Obama's plan to let Bush-era tax cuts for the highest-income Americans expire would have limited effect on 76 percent of those taxpayers, a study says." Lower down, the article reports that the 315,000 taxpayers who earn more than $1 million a year "would owe $31 billion more, or almost $100,000 on average."

Read More...


Another Ryan Donmoyer Special
futureofcapitalism.com

Bloomberg's Ryan Donmoyer, a participant in the hard-left Journo-List, has an article about a Treasury Department look at the question of whether White House aide Austan Goolsbee did anything wrong in naming Koch Industries in a conversation with reporters about corporate tax structures. The final paragraphs of the article dismiss the concerns:

Christopher Bergin, chief executive of Tax Analysts, a Falls Church, Virginia, publisher of tax information, said it's "incredibly unlikely" that top White House officials would violate confidentiality laws. Even if they tried, IRS procedures put in place after President Richard Nixon tried to use the agency for political purposes would stop them, Bergin said.

Read More...


The Rich Get Poorer
futureofcapitalism.com

Those income inequality statistics from the IRS about how the rich got richer in 2009, cited in the Bob Herbert New York Times column mentioned here, turn out to be bogus, Bloomberg News reports, via TaxProf:

Two people were found to have filed multiple W-2 forms that made them into multibillionaires, an agency official said. Those reports skewed statistical wage tables, released Oct. 15, and made it appear that top earners in the United States had seen their pay quintuple in 2009 to an average $519 million each. The agency today released corrected tables that showed the average incomes of the top earners, in fact, declined 7.7% to $84 million each.

Oops. It'll be interesting to see whether the Times corrects Mr. Herbert's column, or whether Mr. Herbert changes his opinion, based on the new data.

Read More...


Another Ryan Donmoyer Cheap Shot
futureofcapitalism.com

Biased articles by Bloomberg News's in-house ideologue, Journo-lister Ryan Donmoyer, are becoming so frequent (see here, here, and here) that I hesitate to point them out, but every once in a while one comes along that is so egregious that it demands notice. Today's example is an article under the headline "Return of Estate Tax Looms as Final Impediment to Extending Bush Tax Cuts."

Here is Mr. Donmoyer attempting to summarize the argument: "Opponents criticize the estate tax as an unfair levy that destroys family businesses while proponents of the tax, who include billionaires Warren Buffett and Bill Gates, view it as essential to preserving meritocracy in U.S. society." The opponents get no names, while the proponents are associated with two rich and generally popular famous people.

Read More...


Ryan Donmoyer Leaves for Ernst & Young
futureofcapitalism.com

Bloomberg News Washington tax reporter Ryan Donmoyer has left the wire service to go work for accounting firm Ernst & Young, the latest example of the journalism revolving door. Mr. Donmoyer's work for Bloomberg has been the subject of considerable criticism on this Web site (see here, here, here, and here) and his name also surfaced as a participant in the hard-left Journo-list email discussion group, on which members fantasized about killing Rush Limbaugh, throwing Michael Ledeen through a plate glass window, and discussed accusing various right-wingers of racism to distract attention from Rev. Jeremiah Wright.

Read More...


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Ryan Donmoyer

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