Non-partisan web-site FactCheck.org nails John McCain for more false claims about Barak Obama's tax policies.
McCain has repeatedly claimed that Obama would raise tax rates for 23 million small-business owners. It's a false and preposterously inflated figure.
We find that the overwhelming majority of those small-business owners would see no increase, because they earn too little to be affected. Obama's tax proposal would raise rates only on couples making more than $250,000 or singles earning more than $200,000.
McCain argues that Obama's proposed increase is a job-killer. He has a point. It's true that increasing taxes on those at the top would leave them less money for other purposes, including investment and hiring in the case of business owners. But the number of business owners who would see their rates go up would be only a small fraction of what McCain says. Many would see their taxes go down.
TSC's unofficial fib tally (according to FactCheck) now stands at 10 for McCain to 4 for Obama. All candidates fudge a little here and there but this is getting embarassing. So much for "straight talk."
Monday, July 14, 2008
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