So here's my Question,

assuming Mr. Hassett is correct in the following article:



Democrats Offer Lesson in Misleading on Taxes



Where is the AP's retraction? I see no reason to doubt Hassett, who I assume has actually read the report in question, whereas the AP has a much less dependable track record. On the face of it, when I heard the original news story my first assumption was that the story had it wrong. Anytime you say 90% of anything chances are good it's an exaggeration; when you suggest that the country's biggest taxpayers pay no taxes at all, most rational people with even a slight understanding of economics have to think something's screwy.



I take Hassett's illustrations to heart - measuring GE in the same bucket as the Hot Dog vendors is by definition ridiculous; add to that the financial sense of reporting your earnings as wages rather than profit, and it all starts to make sense. So I repeat the question - where is the banner retraction to replace the banner headlines about corporations paying no taxes? Mr. Clemens' remark about lies, damned lies, etc. seems appropriate here.



So a word to all of us - take what you read with the appropriate grain of salt; in the case of the AP, I recommend a grain the size of the moon.