CNN's Costello Lauds 'Very Smart' Burger King Merger; 'Depressed' Congress Won't Reform Tax Code (NewsBusters)
On Tuesday's CNN Newsroom, Carol Costello refreshingly complimented Burger King's planned merger with Canadian restaurant chain Tim Hortons as a "very smart business move" that will "save the company money." Costello turned to CNN correspondent Christine Romans, who spotlighted how "corporate taxes are lower in Canada than they are in the U.S.," and that "the stock is up because everyone on Wall Street...thinks this is going to lower the tax bill for Burger King."
The anchor also brought on Curtis Dubay of the conservative Heritage Foundation, who underlined that "our tax code makes it uncompetitive around the world. And so, they're doing something to get out from under that burden. They're doing what's right for their shareholders and their owners....What has to be done is the tax code has to be reformed. We have to have corporate tax reform." This prompted Costello to lament that Congress probably won't do anything to reform the tax code.