A Project of The Annenberg Public Policy Center

Obama on Taxes

Obama said that “I want to provide a tax cut for 95 percent of working Americans.” He also said the cut would go to “95 percent of families.” The latter is correct. The Urban Institute-Brookings Tax Policy Center analyzed the two candidates’ tax plans and found Obama’s would cut taxes for 95.5 percent of households with children. Overall, the TPC found that Obama’s plan would produce a tax cut for 81.3 percent of all households.
Obama was also off the mark when he said “if you make less than a quarter million dollars,”

What Some CEOs Make in 10 Minutes

Q: Is Obama right to say some CEOs make more in 10 minutes than an average worker does in a year?

A: By our calculations only Steve Jobs did so in 2006.