Q: Do companies get a tax break for shipping U.S. jobs overseas?
A: Not specifically for that reason. But companies can deduct business expenses, including the cost of moving a job to another state or even out of the country.
In dueling ads, the Obama and Romney campaigns claim the factual high ground on deficits and taxes while, ironically, distorting the facts.
An Obama ad uses a truncated quote that makes NBC’s Andrea Mitchell seem to contradict Romney’s statement that his tax plan doesn’t amount to a $5 trillion cut. In fact, she went on to say Romney “said again tonight that his plan would be paid for.”
A Romney ad claims Obama is “adding almost as much debt as all 43 previous presidents combined.”
On Connecticut Public Broadcasting, Managing Editor Lori Robertson talks about the off-base health care claims in President Obama’s and Mitt Romney’s stump speeches. Obama misleads on Romney’s Medicare plan, and Romney uses a false statistic about insurance premium increases.
For more on the candidates’ stump speeches, see “Romney’s Stump Speech” (Sept. 20) and “Obama’s Stump Speech” (Sept. 19).
For more than a year, we’ve been pointing out on a regular basis how President Obama, his allies and his critics all misuse or even fabricate statistics to give voters a skewed picture of reality. This time we’ll just offer the accurate numbers. Here — in a graphic …
FactCheck.org Director Brooks Jackson talks to WCBS radio about the false and misleading claims made by President Barack Obama and Mitt Romney in their first presidential debate. The candidates got the facts wrong on taxes, deficits, jobs and more.
For our full article on the debate claims, see “Dubious Denver Debate Declarations.”
We found exaggerations and false claims flying thick and fast during the first debate between President Obama and his Republican challenger, Mitt Romney. Obama accused Romney of proposing a $5 trillion tax cut. Not true. Romney proposes to offset his rate cuts …
In a mailer to Ohioans, a conservative group distorts Ohio’s job figures under President Obama and misquotes his administration about the potential for mismanaged stimulus money.
Ironically, the mailing from Americans for Tax Reform, a nonprofit group led by Grover Norquist, proclaims that it’s “important for Ohio to get the whole picture.”
We couldn’t agree more.
The mailer displays a 2012 newspaper headline, “Ohio second-worst for job losses.” But the article was about job losses over the last 10 years —
President Obama is falsely claiming that his administration’s policies are responsible for “about 10 percent” of the deficits “over the last four years.” The cumulative deficit during that time is nearly $5.2 trillion. Obama signed two bills — the 2009 stimulus and the 2010 tax cut — that alone cost $1.6 trillion during that time, or nearly a third of the cumulative four-year deficit.
How could he have been so wrong? Although he said “the last four years,”
Q: Has President Barack Obama signed 900 executive orders, some of which create martial law?
A: No. Obama’s executive orders do not create martial law. And so far he has signed 139 executive orders — not 900.
A Romney ad strains the facts when it suggests the Obama administration’s refusal to “stand up to China” and label it a currency manipulator has cost the U.S. 2 million jobs. The jobs figure is unrelated to currency manipulation. It is an International Trade Commission estimate of jobs that could be created if China enforced U.S. intellectual property rights.
Actually, intellectual property rights are a high priority of the Obama administration, and in 2010 it won what it called “significant intellectual property rights enforcement initiatives”