Q: Did General Motors repay its TARP loan from the Treasury with other TARP money?
A: Yes. GM repaid the loan portion of the automaker bailout ahead of schedule, with interest. It used TARP money it had already received but hadn’t spent. And taxpayers are still stuck with GM stock that isn’t worth what was paid for it.
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National Day of Prayer: Still On
Q: Has President Obama canceled the May 6 National Day of Prayer?
A: No. This widely circulated falsehood echoes similar claims made last year when the president issued a pro-prayer-day proclamation but didn’t hold White House services as President Bush had done.
A 3.8 Percent “Sales Tax” on Your Home?
Q: Does the new health care law impose a 3.8 percent tax on profits from selling your home?
A: No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence won’t be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few — those with high incomes from other sources.
Obama’s ‘Private Army’
Q: Did the new health care law give Obama a Nazi-like “private army” of 6,000 people?
A: No. Contrary to false Internet rumors, the new Ready Reserve Corps of doctors and other health workers will report to the surgeon general and be like the “ready reserves” in other uniformed services. They will be used during health emergencies.
The Abortion Issue
Q: What are the facts regarding the new health insurance law’s federal funding for abortion, or lack of it?
A: The law says individuals who get federal subsidy dollars must use their private money to pay for coverage of abortion except in cases of rape, incest or to save the life of the mother. Claims that the new law will lead to a large increase in the number of abortions lack support.
IRS Expansion
Q: Will the IRS hire 16,500 new agents to enforce the health care law?
A: No. The law requires the IRS mostly to hand out tax credits, not collect penalties. The claim of 16,500 new agents stems from a partisan analysis based on guesswork and false assumptions, and compounded by outright misrepresentation.
Misleading on Military Pay
Q: Did Obama propose a 1.4 percent pay increase for the military, the lowest since 1973?
A: Yes. Military pay raises are based on the Employment Cost Index, which grew very little this year.
Census Nonsense
Q: Do I have to answer Census questions? Isn’t this an invasion of privacy and a violation of the Fourth Amendment?
A: A widely circulated anti-Census commentary makes several false claims. The law requires truthful answers and states that they will be kept confidential. Courts have upheld its constitutionality.
Pelosi’s Party Plane?
Q: Has Nancy Pelosi spent $100,000 on food, booze and "partying" during her air travel?
A: No. Pelosi’s congressional delegations do eat well and drink pricey alcohol. But the costs are not as high as critics claim, and they’re comparable to those of her Republican predecessor, Dennis Hastert.
Obama at Columbia University
Q: Is it true that nobody remembers Obama attending Columbia University?
A: At least one of his classmates remembers him well, and the university proudly claims Obama.