A conservative group called RightChange.com has spent $3 million running ads that largely criticize Obama and his tax plans. They’re false:
Two ads say Obama would tax "small businesses" at a rate of "62 percent." He wouldn’t. That number is an inflated estimate of the very top tax rate, and it doesn’t represent what Obama has proposed.
That false figure includes an increased Social Security tax rate that Obama doesn’t support, plus the state income tax rate paid by people making more than a million dollars a year in California.