Keeping Them Honest...

From Action Wire Fact Check:


ACTION WIRE FACT CHECK: MCCAIN'S MISLEADING ATTACK ON OBAMA'S TAX POLICY

IN a a speech today, John McCain repeated the misleading attack that “Senator Obama will raise your taxes.” In reality, Senator Obama’s plan will not raise taxes and will provide a bigger break for middle class Americans than McCain’s plan.

As numerous outside observers agree [see BACKGROUND], McCain’s claims that Obama will raise taxes are “wrong,”“false,” and “misleading.”

TAKE ACTION NOW

Push back on this misleading attack by forwarding this message to your friends and family. John McCain and his campaign will continue to repeat these false claims, and we need you to be vigilant about making sure people know the facts.

BACKGROUND

THE MISLEADING MCCAIN RHETORIC: “We need to keep the IRS from taking more of your income and making life harder for small business. If you believe you should pay more taxes, I am the wrong candidate for you. Senator Obama is your man. The choice in this election is stark and simple. Senator Obama will raise your taxes. I won't. I will cut them where I can. Jobs are the most important thing our economy creates. When you raise taxes in a bad economy you eliminate jobs. I'm not going to let that happen. Senator Obama's tax increases will hurt the economy even more, and destroy jobs across this country.” [McCain Speech,7/7/08]

THE FACTS:

OUTSIDE OBSERVERS AGREE THAT CLAIMS THAT OBAMA WILL RAISE TAXES ARE “WRONG,” “FALSE,”“MISLEADING”

Washington Post Fact Checker: McCain Campaign Attacks on Obama Tax Plan “Overblown,” “Wrong,”and “Greatly Exaggerated.” “The McCain camp is attempting to persuade Americans that their taxes will increase dramatically with Barack Obama as president. The presumptive Republican nominee has repeatedly said that Obama would enact ‘the largest tax increase since the Second World War.’ A surrogate, former Hewlett-Packard CEO CarlyFiorina, insists that Obama has not proposed ‘a single tax cut’ and wants to ‘raise every tax in the book.’ …

The claim that Obama will ‘enact’ the largest tax increase since World War II is also overblown. The Bush tax cuts will expire automatically at the end of 2010, so it is hardly a question of ‘enacting’ a new tax increase.

Carly Fiorina is wrong to claim that Obama has proposed no tax cuts and wants to raise ‘every tax in the book.’” [Washington Post, 6/11/08]

Politifact: McCain’s Statement That Obama’s Tax Plan Would Raise Taxes Is “False.” Politifact reported, “So calling it a tax increase might not be considered fair. There's no disputing that taxes will rise, but the question of who's responsible for that tax increase is another matter entirely. At PolitiFact, we've concluded, as have others, that it's unfair to call Obama's plan a tax increase merely because it doesn't change existing tax law to keep rates low. We think about it this way: The reason taxes will increase is because of tax policy signed into law not by Obama, but by somebody else… the more recent data — combined with the fact that Obama's proposal does not constitute a tax increase in the traditional sense, since some taxes would be lower under his plan than they would under current law — persuades us to classify McCain's statement as False.” [Politifact, 6/11/08]

FactCheck.Org: McCain's Largest Tax Increase Charge Wrong and Misleading. According to theAnnenberg Public Policy Center’s Factcheck.org: “By the measure most economists prefer, McCain is wrong in his claim that Sens. Clinton and Obama want to implement "the single largest tax increase since the Second World War;"

At a more basic level, it's misleading to tag Clinton and Obama for something that was scheduled during the Bush administration – the expiration of the 2001 and2003 Bush tax cuts, which by law will occur at the end of 2010.” [Factcheck.org, 5/14/2008]

THE FACTS: OBAMA’S TAX PLAN WILL PROVIDE A BIGGER BREAK FOR MIDDLE CLASS FAMILIES THAN MCCAIN’S

According to the non partisan Tax Policy Center’s computations, “under Mr. Obama’s plan, the middle of the middle class, or those earning $37,595 to $66,354, would see taxes cut by $1,042 a year. Under Mr. McCain’s plan, taxes for people in that category would also fall, but by $319; the largest chunk of the benefits would go to those making $2.8 million a year or more.” [New York Times,6/13/08]

For more background, visit:http://actionwire.barackobama.com/

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