With the House preparing for a final vote on the Senate health care legislation, with revisions, Sunday afternoon, we thought we’d give our readers a wrap-up of the top falsehoods of late. The debate over this bill has stretched on about as long as a presidential campaign, and we suspect this weekend will be filled …
President Obama peppered his State of the Union address to Congress and the nation with facts, which were mostly right but sometimes cherry-picked, strained or otherwise misleading. He said “there are about 2 million Americans working right now” because of last year’s stimulus bill. But his own economic advisers say …
Q: Could somebody be imprisoned for not purchasing health insurance under the House health care bill?
A: Both House and Senate bills would levy a tax on persons who refuse to obtain coverage. Willfully evading that tax could result in jail time under the bill passed by the House – but not the bill approved by the Senate Finance Committee.
The AFL-CIO is running a print ad this week arguing that "the House bill gets it right" on health care. The Senate bill? Not so much, says the labor federation. [...]
Republican National Committee Chairman Michael Steele takes House Speaker Nancy Pelosi to task in an RNC fundraising e-mail for claiming that a tax increase isn’t a tax increase. But Steele [...]
With their race coming down to the wire, the candidates in New Jersey’s gubernatorial contest are attacking each other as ferociously as ever. A TV ad from Republican Chris Christie [...]
The liberal group Health Care for America Now is airing an ad that argues against a tax on high-cost employer-provided health care plans, a revenue-raising aspect of the Senate Finance [...]
In what could be an early preview of the 2012 campaign, Mitt Romney – a once and perhaps future Republican presidential hopeful – has released a new video on his [...]
The Republican National Committee claims in a new Web ad that Democratic health care plans propose taxes on “charities and small businesses. A doctor’s tax. Taxes on your health insurance. Even a tax on medical supplies.” It’s perfectly true, as the ad says, that “hundreds of billions” in taxes are being proposed – spread over …
Q: Will the "Cash for Clunkers" credits be taxed as income for consumers who participated in the program?
A: The act establishing the program prohibits the credit from being treated as income for federal income tax purposes. The credits, however, may be subject to a state or local income tax depending on the laws of the state or locality where the consumer resides.