You are using an outdated browser. Please upgrade now to a modern browser in order to benefit of all our site's features: Chrome, FireFox, Opera, Safari or Internet Explorer. [Close]

The Official Blog of Fox News Channel

Malkin Takes on "Phenomenal Hypocrisy" of Obama Supporters and Corporate Donors for Avoiding Tax Hikes

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."

Watch the interview:

Leave a Comment0

Don't want to keep checking back here for the latest from Fox News? That's cool. We'll come to you ...

Connect with Fox News

Subscribe

Stay connected with the most-trusted name in cable news through exclusive videos, blogs, polls, contests and behind-the-scene details.

Get More Fox!

Greta Is Wired!

GretaWire.com is the official blog of Greta Van Susteren. Get Greta’s breaking news alerts, pictures, videos, polls, and behind-the-scenes exclusives. Plus, speak out on open threads, as well as the live chat page. Connect to the GretaWire community ... and to Greta herself!

Fox News Presents: 'My America with Elisabeth Hasselbeck'

Fox News Channel presents an exciting new feature series, My America with Elisabeth Hasselbeck. From the quirky to the inspirational, "My America" reveals who we are as a nation – driven, passionate and uniquely American. Watch the latest installment, an up-close look at the beloved Oscar Mayer Wienermobile!