That's not what they're doing.
It's being edited to remove "liberal bias" and "socialism." How is that more accurate? They're taking out things such as "ye without sin cast the first stone" and "father, forgive them for they know not what they do." They're changing "rich [person]" to "idle miser".
In what sense can anyone consider what they're doing intellectually honest, let alone more accurate?
They're starting with KJV. When they run into something they don't like (such as helping the poor), they turn to the greek to retranslate the crap out or they selectively use the liberal art of textual criticism to find any reason to claim that the passage in question was not original.
For years, they've been twisting the words of the Bible to support their ideology; now, they're doing it literally.