Monday, August 25, 2008

Tax Facts Part 1

An unfair Obama ad using dated and out of context quotes to portray McCain as clueless on the economy is debinked on Of course, McCain doesn't seem to be distancing himself from the Bush policies that contributed to the current recession.
There's also an article about McCain misrepresenting Obama's tax proposals again. And again, and again.
Claims that Obama supports raising taxes on "families" making $42,000 and would "raise taxes on middle class," are all false. In reality, Obama's plan has tax cuts for middle-income taxpayers and would increase rates on family incomes above $250,000 or with individual incomes above $200,000.
More articles from Factcheck:
Wind Power Puffery
McCain's talks about"renewable energy," but his energy plan offers little to support it.
Obama's Overstatement
An Obama ad claims McCain's campaign got $2 million from "Big Oil." The total is only a mere $1.3 million.
McCain's Small-Business Bunk
He claims 23 million small-business owners would pay higher tax rates under Obama. He's wrong. The vast majority would see no change, and many would get a cut.
The $32,000 Question
The McCain campaign falsely claims that Obama voted to raise income taxes on individuals earning "as little as $32,000 per year."

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