Danoff
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I thought it might be fun to have a thread didcated to posting and debunking media bias. When you see an article that's supposed to be reporting fact and you see bias, post it here and explain why it's biased. Maybe you want to pick on Fox News, Al Jazeera, or the BBC. I'll start with CNN.
Now, first of all I should point out that this article has been severely edited since I first saw it on CNN. Quite a bit of bias has actually been removed, but they didn't get it all.
The headline starts out by saying that "Big Oil" tax breaks are being repealed. By the time we get to the end of the article in the fine print we see that actually the tax break is on all US manufacturers, not just "Big Oil". One of the things that was removed from this article was actually one of the more useful pieces of information that we don't get here... context.
Apparently the tax reduction for US manufacturers was to help them compete with foreign manufacturers. Also included in the earlier article was a discussion of how the "faulty" leases were completely legal. The "fault" that lawmakers have with these leases is that they don't require as many royalties to be paid to the US government for oil revenues as are currently required.
We get opinion from the democrats "Oil companies are rich, they don't need help". Meanwhile we don't get any opinion from the actual companies that will be affected, or opposing views in congress.
We get another very carefully worded fact, that Oil companies "have earned record profits at the expense of U.S. motorists paying high gasoline prices". This "fact" is meant to make Oil companies look mean and greedy to help make it ok for congress to take those profits.
What I really hate about this story is the lack of any analysis. We get no interviews with economists to figure out whether this will actually affect the profit margins of companies or will just raise our prices locally. We get no history behind the tax breaks provided to US manufacturers "which ones? how many? why?". We get no discussion (at least, not in this version) about how this affects domestic oil competition with foreign oil.
We also get phrases like "raise money" referring to the legislation, instead of what it actually does which is "take money". It also says that this money is raised from the "Big Oil" companies instead of discussing how those costs can be passed along to the consumer.
Interesting way to spin a tax hike on oil if you ask me. So how about it? Got a "news" story full of bias?
CNNHouse repeals 'Big Oil' tax breaks
It also boosts royalty payments for drilling to $14 billion over 10 years, capping the Democrat's '100 hour agenda.'
January 18 2007: 6:49 PM EST
WASHINGTON (Reuters) -- The new Democratic-led House Thursday passed legislation aimed at "Big Oil" that would roll back some industry tax breaks and force energy companies to pay more drilling royalties, valued at $14 billion over 10 years.
Passage of the bill by a vote of 264-163 capped House Speaker Nancy Pelosi's 100-hour agenda, which also included measures to raise the minimum wage, lower student loan interest rates and bolster homeland security.
The $14 billion raised from the additional royalties and repealed tax breaks would fund research for renewable energy sources. The measure still must be approved by the Senate and the president before it becomes law.
Going after major integrated U.S. oil firms like Exxon Mobil Corp., Chevron Corp. and ConocoPhillips has been a top priority for the House Democratic leadership, which says they have earned record profits at the expense of U.S. motorists paying high gasoline prices.
Oil dips below $50
"The oil and gas industry is extraordinarily well established and well off," said House Democratic leader Steny Hoyer. "It does not need the American taxpayer's help to be successful or to make a dollar."
About half of the bill's savings comes from eliminating a lower tax rate on oil companies, which will bring in about $6.5 billion from 2007 to 2016, according to a congressional estimate. The lower tax rate had been given to all U.S. manufacturers in 2004, including oil companies.
Gas prices may near $2 by February
The rest of money would come from a "conservation fee" on oil and gas production that the bill would impose on energy companies that refused to renegotiate faulty leases signed in 1998-99, which would raise about $7.6 billion.
Now, first of all I should point out that this article has been severely edited since I first saw it on CNN. Quite a bit of bias has actually been removed, but they didn't get it all.
The headline starts out by saying that "Big Oil" tax breaks are being repealed. By the time we get to the end of the article in the fine print we see that actually the tax break is on all US manufacturers, not just "Big Oil". One of the things that was removed from this article was actually one of the more useful pieces of information that we don't get here... context.
Apparently the tax reduction for US manufacturers was to help them compete with foreign manufacturers. Also included in the earlier article was a discussion of how the "faulty" leases were completely legal. The "fault" that lawmakers have with these leases is that they don't require as many royalties to be paid to the US government for oil revenues as are currently required.
We get opinion from the democrats "Oil companies are rich, they don't need help". Meanwhile we don't get any opinion from the actual companies that will be affected, or opposing views in congress.
We get another very carefully worded fact, that Oil companies "have earned record profits at the expense of U.S. motorists paying high gasoline prices". This "fact" is meant to make Oil companies look mean and greedy to help make it ok for congress to take those profits.
What I really hate about this story is the lack of any analysis. We get no interviews with economists to figure out whether this will actually affect the profit margins of companies or will just raise our prices locally. We get no history behind the tax breaks provided to US manufacturers "which ones? how many? why?". We get no discussion (at least, not in this version) about how this affects domestic oil competition with foreign oil.
We also get phrases like "raise money" referring to the legislation, instead of what it actually does which is "take money". It also says that this money is raised from the "Big Oil" companies instead of discussing how those costs can be passed along to the consumer.
Interesting way to spin a tax hike on oil if you ask me. So how about it? Got a "news" story full of bias?