McCain has claimed yet again that Sen. Obama “voted twice for a budget resolution to increase taxes on individuals making $42,000 a year.” As we’ve reported, a single taxpayer making more than $41,500 would have seen a tax increase, but a couple filing jointly would have seen no increase unless they made at least $83,000, and for a couple with two children the cut-off would have been $90,000. Regardless, the increase that Obama once supported as part of a Democratic budget bill is not part of his current tax plan.
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Q: How much has the federal debt gone up under Obama?
A: During his first three years in office, it rose $4.7 trillion, an increase of 45 percent. Partisan graphics circulating via email and Facebook are both incorrect.
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