Tag Archives: taxes

The Whoppers of 2008

Posted on September 25, 2008

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 we are doing that now. It's not just Sarah Palin's claim about killing the bridge project that she had supported …
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Biden’s “Patriotic Act”

Posted on September 23, 2008

 A recent McCain-Palin ad titled “Patriotic Act” puts a new twist on some old false claims, then adds a misleading implication, just for good measure. Here’s the ad: We can start with a list of what the ad does get right: Joe Biden did indeed say that paying taxes is …
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A New Stitch in a Bad Pattern

Posted on September 2, 2008

Summary McCain's new ad puts another stitch in what we've called his pattern of deceit on Obama's tax plan. This one claims Obama and congressional Democrats plan to push forward "painful tax increases on working American families" and that they will bring about "years of deficits," "no balanced budgets" and …
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FactChecking Obama

Posted on August 29, 2008

Summary We checked the accuracy of Obama’s speech accepting the Democratic nomination, and noted the following: Obama said he could “pay for every dime” of his spending and tax cut proposals “by closing corporate loopholes and tax havens.” That’s wrong – his proposed tax increases on upper-income individuals are key …
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More Tax Deceptions

Posted on August 8, 2008 , Updated on August 12, 2008

Summary McCain released three new ads with multiple false and misleading claims about Obama's tax proposals. A TV spot claims Obama once voted for a tax increase "on people making just $42,000 a year." That's true for a single taxpayer, who would have seen a tax increase of $15 for …
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Bluegrass Gasoline Blues

Posted on August 4, 2008

Summary Senate Minority Leader Mitch McConnell of Kentucky is running an ad blaming his opponent for contributing to high gasoline prices in the state. We find that’s a big exaggeration. At most, prices are 12.1 cents per gallon higher as a result of the 1980 tax change that was favored …
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McCain’s Small-Business Bunk

Posted on July 14, 2008

Summary McCain has repeatedly claimed that Obama would raise tax rates for 23 million small-business owners. It’s a false and preposterously inflated figure. We find that the overwhelming majority of those small-business owners would see no increase, because they earn too little to be affected. Obama’s tax proposal would raise …
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The $32,000 Question

Posted on July 8, 2008 , Updated on July 11, 2008

Summary The McCain campaign claims that Obama voted to raise income taxes on individuals who earn as little as $32,000 per year. That’s wrong. The resolution Obama voted for would not have increased taxes on any single taxpayer making less than $41,500 per year in total income, or any couple …
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Diesel Fuel and Gasoline Costs

Posted on May 26, 2008

Q: Why does diesel fuel cost more than gasoline? A: The main reason is rising global demand, but new environmental restrictions and higher federal taxes also are factors.

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Top 1%: What They Make and Pay

Posted on May 2, 2008

Q: What percent of taxes does the top 1 percent pay and what percent of the income do they make? A: The top 1 percent of all households got 18 percent of all personal income and paid nearly 28 percent of all federal taxes in 2005, according to the Congressional …
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