Source: Fox News Insider
On Thursday it was reported that former VP Al Gore unsuccessfully pushed for his $500 million sale of Current TV to al-Jazeera to be completed before the end of 2012 so he could avoid paying higher corporate tax rates that kicked in Jan. 1.
The tax rates were similar to the ones Gore pushed for while serving as vice president to Bill Clinton in the 1990s.
On America Live today, Fox News contributor Michelle Malkin explained that this isn’t the only example of people or organizations showing “hypocrisy” by legally avoiding the higher tax rates while supporting President Obama as he pushed for the wealthy and corporations to pay more during his reelection campaign.
She pointed out Google, a big Obama campaign contributor, the left-leaning Washington Post, Star Wars mogul George Lucas and rapper Dr. Dre as examples. Megyn Kelly pointed out the way in which the media scrutinized Mitt Romney during the campaign for using the same types of tax avoidance methods.
“It is a phenomenal hypocrisy of these Obama supporters who poured hundreds of thousands, if not millions, of dollars over the last two campaign cycles into a candidate who has profited so much from class war demagoguery and then turned around and either looked the other way or, in some cases, facilitated or helped or even cheerleaded the kind of tax avoidance strategies that they castigate their political opponents for using,” said Malkin.
“Nobody’s saying that there’s anything criminal or illegal about this, but the selectivity with which they show outrage when certain corporations engage in these tax avoidance strategies versus others? It’s very telling.”