McCain Campaign Lies: Taxes

A McCain campaign ad offers several claims about Barack Obama's tax plan. All lies.

Are we surprised? It is typical Republican strategy to use tax scare tactics to win elections.
Let’s clear it up with a fact check. This information comes from Brian Deese, an Obama policy advisor.

McCain campaign claim: Obama voted to raise taxes on people making just $42,000.

Truth: The budget resolution that is referred to here didn’t raise taxes on anyone. In fact, in the context of that resolution, both Obama and McCain voted to extend tax breaks to lower and middle income families.

McCain campaign claim: Obama promises more taxes.

Truth: Senator Obama’s plan would not raise taxes on any family making less than $250,000. Not their income taxes, not their payroll taxes not their capital gains taxes. None. In fact Senator Obama has proposed significant tax cuts for families making less than a quarter of a million dollars ($250,000).

McCain campaign claim: More taxes on small business.

Truth: Under McCain’s definition, 99% of small businesses make less than $250,000, therefore they will not pay more taxes. In fact, Senator Obama would cut capital gains taxes for small businesses to zero percent and provide a new health care credit for small businesses to help them cover their employees.

McCain campaign claim: Higher taxes for seniors.

Truth: Obama has put forth a proposal to eliminate all income taxes on seniors making less than $50,000.In addition Obama offers a $1000 tax cut for 95% of families. McCain’s middle class tax cut leaves out 101 million families.

Here is a video of Deese explaining all of this. This is the truth. These are facts.