Taxes Archives - Page 31 of 37

What’s in a Number?

July 2, 2009

The National Republican Congressional Committee has released a new ad attacking Democratic Rep. Tom Perriello of Virginia for voting with "(Barack) Obama and Nancy Pelosi" for the Waxman-Markey energy bill. It’s part of a broader effort to target several Democratic members.

The ad says the bill will result in lost jobs and cost "middle class families" $1,870 a year. That sounds pretty dire, until you consider that this week we posted an item about the Office of the Republican Whip Eric Cantor’s claim that the same bill would "impose a national energy tax of up to $3,100."

500 Percent Ammo Tax?

June 23, 2009

Q: Is Obama planning to increase the federal tax on gun ammunition by 500 percent?
A: No such proposal has been made by the Obama administration. And nobody in Congress has introduced any bill to increase the 11 percent federal excise tax on ammo.

Blame It on the Governor

June 18, 2009

Two new Republican ads targeting New Jersey Gov. Jon Corzine contain a few misleading claims. One ad suggests that Corzine is responsible for New Jersey’s business climate being “among the worst in the nation.” But the survey cited as the source of the claim shows that the perception of …

Half of the Wealthy Own Small Businesses?

March 6, 2009

President Obama’s proposed budget calls for rolling back President Bush’s tax cuts for couples earning more than $250,000 (and individuals earning more than $200k). The increase would take effect in 2011. And, not so surprisingly, it has some Republicans up in arms. One of their main beefs: The move would hurt small businesses.
On "FOX News Sunday" on March 1, Republican Rep. Paul Ryan of Wisconsin told host Chris Wallace that "more than half of the people who pay these higher taxes are the small businesses of America."

Sliming Pelosi

January 14, 2009

Pelosi has taken her place with Obama and Palin as a favorite target of false claims in chain e-mails, judging by the examples our readers send us. Here’s the truth about some of the bunk being thrown at her by anonymous Internet rumormongers. Her husband does not own a …

Special Favors from Nancy Pelosi?

November 26, 2008

Q: Did Nancy Pelosi get wage breaks and tax credits for the American Samoan operations of a company in which her husband owns $17 million worth of stock?
A: This widely e-mailed claim is false. Pelosi’s husband doesn’t own that stock, despite what a bogus Wikipedia entry briefly claimed. Furthermore, American Samoa never got the minimum wage exemption it sought.

Peach State Piffle

November 21, 2008

If you non-Georgians thought the election went on for too long in your state, pity the poor souls in Georgia who are still being bombarded with political ads. Incumbent Republican Sen. Saxby Chambliss and Democratic challenger Jim Martin, a former state representative and head of the Georgia Dept. of Human Resources, along with their parties’ senatorial committees, are continuing to wage a misleading ad war. Any post-election, let’s-all-work-together-now spirit won’t reach Georgia until several days after Thanksgiving, at the earliest.

IRAs, 401(k)s and You

November 19, 2008

Q: Are congressional Democrats talking about confiscating IRA and 401(k) investment accounts?
A: No. There’s no plan to seize these accounts. One House witness at a committee hearing proposed to allow some people to trade their old accounts for a new type that would be less risky.

40% of Americans Pay No Taxes?

November 7, 2008

Q: Do 40 percent of Americans pay no taxes?
A: About 38 percent of households have zero or negative income tax liability, but they pay other federal taxes.