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A Project of The Annenberg Public Policy Center

‘Record Revenues’

‘Record Revenues’

Republicans claim the federal government will “collect more revenue in 2013 than ever before.” But that’s only true in raw dollars, not as a percentage of gross domestic product, which accounts for growth in population, inflation and earnings.

No Government 401(k) Takeover

No Government 401(k) Takeover

Q: Is the Obama administration attempting to eliminate private 401(k)s and IRAs and create a “national retirement system”?
A: No. Obama endorses a proposal that would require businesses without retirement plans to establish private IRAs for their employees and deposit a percentage of wages into the accounts. Employees could opt out.

Dems Mislead on McMahon’s Tax Stance

Dems Mislead on McMahon’s Tax Stance

A TV ad funded by two Democratic PACs falsely claims Linda McMahon’s “tax plan hurts middle-class families.” Actually, her tax plan would reduce the marginal income tax rates for middle-income families — married couples earning roughly between $70,700 and $142,700 — while keeping the current rates the same for everyone else.
The ad also distorts the facts when it says McMahon — a Republican candidate for the Senate from Connecticut — “threatened to eliminate” the Department of Education and to cut “early reading programs and college Pell Grants.”