Tag Archives: taxes

Biggest Tax Increase in History?

Critics of the health care law have claimed that it’s the biggest tax increase in history. But that could only be true in raw dollars. When adjusted for inflation — or better yet, as a percentage of gross domestic product — several other tax increases just since 1968 are larger. …
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Twisting Health Care Taxes

Republicans are twisting the facts on taxes in the Affordable Care Act, grossly overstating the impact on families or lower-income earners. In what has become a Republican talking point, several GOP lawmakers have wrongly claimed that a Congressional Budget Office report said that 75 percent of the federal health care …
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Whoppers of 2012, Early Edition

Thomas Hobbes’ oft-cited phrase from 1651, “nasty, brutish and short,” does not describe the 2012 presidential campaign — unfortunately. The contest so far has been nasty all right, and disregard for the truth has been brutish on both sides, in our judgment. But alas, it won’t be over until Nov …
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Tax Facts: Lowest Rates in 30 Years

Politicians talk about the burden of taxes incessantly. Now comes a rare chance to check the facts. And the fact is that federal tax rates had fallen to the lowest in 30 years when President Barack Obama took office — and fell again in his first year in office. This …
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Biggest Tax Increase in History?

Q: Is the new health care law “the biggest tax increase in history”? A: In raw dollars, perhaps. But several tax increases just since 1968 were larger as percentages of the economy, or in inflation-adjusted dollars.

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Stretching on Romney’s Fees

An ad from the Obama campaign exaggerates the truth about fees and tax hikes imposed by Mitt Romney when he was governor of Massachusetts. It lists numerous fees hiked by Romney, but we found that a number of them are misleading — seeming to be more far-reaching and broad than …
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Dueling Distortions in North Carolina

It didn’t take long for the governor’s race in North Carolina to turn ugly. Although it’s only June, Republican Pat McCrory and Democrat Walter Dalton both find themselves under attack from outside groups spending heavily on misleading TV ads: A Democratic group claims McCrory, a former mayor of Charlotte, “used …
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Romney’s Jobs Record Is Best (or Worst)

A campaign ad that praises Mitt Romney’s performance as governor of Massachusetts presents a slanted view of his record on jobs, unemployment and taxes. To every claim, there is a “yes, but” qualifier. The Romney ad claims that as governor, “Romney had the best jobs record in a decade.” Yes …
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Obama Twists Romney’s Economic Record

A new ad from the Obama campaign takes aim at Mitt Romney’s performance as governor of Massachusetts, claiming he had “one of the worst economic records in the country.” But the ad overreaches with several of its claims. The ad states that job creation …
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A Bogus Tax Attack Against Obama

The latest multimillion-dollar attack ad from Crossroads GPS claims President Obama  broke a promise to not increase taxes for families making less than $250,000 a year. That’s almost entirely false. The truth is that Obama repeatedly cut taxes for such families, first through a tax credit in effect for 2009 …
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