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 […]
Summary Normally we post a "Whoppers" compilation the week before Election Day. This time we've already seen such a large number of twisted facts, misleading claims and outright falsehoods that […]
In our recent article “Sliming Palin,” we addressed the pervasive rumor that Gov. Palin slashed funding for special needs education. She didn’t. Instead, she increased funding. Here’s more detail on […]
In our last installment we looked at McCain’s pronouncements on spending cuts to help balance the budget. In Part II, we examine what he’s said on a subject that might be more pleasing to many Americans: lowering taxes. We found exaggerations and distortions here, as well.
McCain’s big promise is that he can balance the budget while extending Bush’s tax cuts and adding a few of his own. He likes to leave the impression that this can be done painlessly, for example, by eliminating “wasteful” spending in the form of “earmarks” that lawmakers like to tuck into spending bills to finance home-state projects. We found that not only is this theory full of holes, it’s not even McCain’s actual plan. In this story we examine the spending-cut side of McCain’s budget program. In Part II, we’ll look at what McCain has said about taxes.
Q: During the Clinton administration was the federal budget balanced? Was the federal deficit erased?
A: Yes to both questions, whether you count Social Security or not.
Summary The Democrats’ proposed 2008 budget is being spun by both sides. Democrats claim it will not raise taxes by even a penny, while Republicans say it will impose the […]