NY Times BUSTED — Redacts FALSE Hit Piece

Magnifying glass over The New York Times website.

The New York Times claimed Trump’s tax cuts would hike a middle-class family’s bill by $4,000—then quietly admitted it actually dropped theirs by at least $1,500, handing conservatives a massive win.

Story Snapshot

  • NYT’s February 23, 2018 article botched tax projections for hypothetical couple Sam and Felicity Taxpayer using outdated TurboTax software.
  • Initial claim: $3,896 tax increase on $183,911 income; correction revealed $43 decline due to missed deduction.
  • Experts spotted further errors, like unclaimed $1,500 in dependent credits, amplifying the blunder.
  • Wall Street Journal’s James Freeman mocked it, bolstering Trump’s “fake news” narrative against media bias.
  • Incident exposed journalism risks during 2018 tax season, fueling distrust in mainstream reporting.

NYT Publishes Flawed Tax Critique on February 23, 2018

New York Times released “Get to Know the New Tax Code While Filling Out This Year’s 1040,” targeting President Trump’s 2017 Tax Cuts and Jobs Act. Reporters crafted Sam and Felicity Taxpayer, a couple earning $183,911 combined, to demonstrate a $3,896 tax hike under the new law. They portrayed the reform as punishing middle-class families. TurboTax’s ‘What-If Worksheet’ generated the figure, but the tool lagged behind 2018 law changes. This setup aimed to guide filers while slamming the policy.

Wall Street Journal’s James Freeman Sparks Backlash

James Freeman, Wall Street Journal columnist, swiftly ridiculed the piece for its glaring error. He highlighted how conservatives pounced on the miscalculation as proof of media bias. Freeman’s column questioned if the Times sought Americans hurt by the cuts, implying few existed. Trump’s allies amplified the story, framing it as deliberate distortion. The rapid response pressured NYT editors. Freeman later noted persistent flaws even after correction. This exchange ignited broader debates on tax reporting accuracy.

NYT Correction Admits Tax Bill Actually Declines by $43

New York Times issued a correction acknowledging the oversight of a consulting income deduction. Recalculations showed Sam and Felicity’s 2018 taxes falling $43, not rising $3,896. Intuit’s TurboTax spokesperson confirmed reporters used an unupdated program unfit for new law projections. Editors blamed the software glitch but faced skepticism. The fix drew partial praise yet left room for critique. Common sense demands journalists verify tools before publishing policy attacks. This aligns with conservative values prizing factual accountability over narrative spin.

Tax Professor Daniel Hemel Uncovers Additional Savings

University of Chicago tax law professor Daniel Hemel dissected the correction on Twitter. He pointed out unclaimed $500 nonrefundable dependent credits for two children and two parents, totaling $1,500 more in savings. Hemel questioned why the couple skipped these obvious breaks. NYT offered no reply to further correction requests. His analysis proved the original story missed broader tax benefits. Freeman echoed this, searching vainly for cut losers. Experts like Hemel underscore technical rigor over political framing.

Short-Term Credibility Hit Fuels Long-Term Distrust

The blunder eroded New York Times trust on tax matters during peak 2018 filing season. Trump supporters gained ammunition for “fake news” charges against mainstream media. Hypothetical family represented misled middle-class readers. Politically, it deepened divides, with conservatives touting real savings like lowered rates and deductions. Journalism learned unverified tools risk embarrassment. Long-term, such errors hinder public grasp of reforms delivering widespread relief. No further NYT updates emerged, cementing the narrative.

Sources:

New York Times Issues Embarrassing Correction After Botching Story Attacking Trump’s Tax Plan – Fox News