A new ad from Senate Republican Leader Mitch McConnell grossly oversells the percentage of Kentuckians that McConnell “saved” from income tax hikes last year.
Senate Republican Leader Mitch McConnell twisted some fiscal facts in his appearances on the Sunday talk show circuit:
McConnell said the Obama administration has “driven spending as a percentage of our economy from 21 percent up to almost 25 percent.” But it was already projected to be almost 25 percent — actually 24.9 percent — in fiscal year 2009 even before Obama took office.
He also said “99 percent of Americans will not see their taxes go up”
In a Web video, President Barack Obama leaves out some key facts about the fiscal cliff deal, possibly leaving the wrong impression about its impact on taxpayers and the deficit:
Obama boasts that “middle-class families” will not have to “pay upwards of $2,000 more in taxes this year.” That’s accurate for income taxes, but Obama doesn’t mention that the deal allowed a payroll tax cut to expire. About 77 percent of taxpayers will pay more in taxes this year —
The presidential election ended last month, but the partisan air wars continue with competing fiscal cliff ads from the conservative Crossroads GPS and the Democratic Congressional Campaign Committee. Most of what is in the ads falls into the realm of opinion, but we found a couple points to quibble with in each.
The DCCC ad claims “tea party House Republicans are holding the middle class hostage to get more tax cuts for millionaires,” but nearly six out of seven who would face tax increases under President Obama’s plan do not earn $1 million a year.
A fog of misinformation has settled on the fiscal cliff, as both House Speaker John Boehner and Treasury Secretary Timothy Geithner have traded conflicting, misleading and false statements in recent days on the president’s deficit-reduction plan:
Geithner falsely claimed on “Fox News Sunday” that the president’s proposals to slow Medicare growth are “not shifting costs to seniors.” There are four proposals that would increase costs to some seniors by $32.9 billion over 10 years, beginning in 2017,
In press conferences on the so-called fiscal cliff, House Speaker John Boehner greatly exaggerated the negative effect on the economy of raising taxes on upper-income individuals.
Boehner erred when he said that “the problem with raising tax rates on the wealthiest Americans is that more than half of them are small-business owners.” That’s incorrect. Boehner’s spokesman said the speaker simply misspoke, but Boehner is a repeat offender with this bogus claim.
Boehner repeatedly cited an Ernst &