04/08/2017

Limbaugh's 'Slut' Incident Suggests O'Reilly May Actually Be In Trouble

T. Becket Adams, The Washington Examiner

It's tempting to think Bill O'Reilly will emerge from the advertiser boycott of his television show unscathed. After all, talk radio host Rush Limbaugh survived something similar a few years ago.

The problem with this idea is that the 2012 advertiser boycott actually hurt Limbaugh's business, the Weekly Standard's Ethan Epstein documented a little while back.

Limbaugh is still on the air, and he is broadcast on hundreds of radio stations. But his program never quite recovered from the controversy surrounding the moment he called Georgetown law student Sandra Fluke a "slut."

"[T]here are signs that all is not well in the Limbaugh radio empire. Because even as his influence is sky high and his dominance at the top of talk radio remains unchallenged, as a business proposition, Limbaugh's show is on shaky ground," Epstein wrote.

"In recent years, Limbaugh has been dropped by several of his long-time affiliates, including some very powerful ones: He's gone from WABC in New York, WRKO in Boston and KFI in Los Angeles, for example, and has in many cases been moved onto smaller stations with much weaker signals that cover smaller areas," he added.

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Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).

 

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