In advocating for a corporate tax cut, Treasury Secretary Steve Mnuchin overstates the consensus when he says “most economists believe that over 70 percent of corporate taxes are paid for by the workers.”
On MSNBC Wednesday morning, senior McCain advisor Nicolle Wallace said that John McCain won’t cut taxes for corporations, and that in fact he is “their worst nightmare.”
The quote is at about 5:10 in the above video, but if you rewind a bit, you’ll see host Joe Scarborough grilling Obama strategist Robert Gibbs on why Obama’s not proposing corporate tax cuts. Scarborough points out that other countries are reducing taxes on corporations and says that equivalent tax cuts are necessary to keep the U.S.
Former Sen. Fred Thompson got the facts straight for his GOP debate debut Oct. 9. But former Mayor Rudy Giuliani added to a lengthening string of exaggerations and misstatements: