Republican presidential candidate Mitt Romney claims that his plan would balance the federal budget in eight to 10 years. But so far, he has not made public the details on how he would be able to do that, and one neutral budget expert calls it “an unrealistic goal.”
Also, Romney and running mate Paul Ryan exaggerate when they say “five different studies” prove that all of the stated goals of Romney’s revenue-neutral tax plan could be accomplished without raising taxes on middle-income taxpayers.
Stories by Lori Robertson
FactChecking Obama and Biden
CHARLOTTE, N.C. — In a rousing double-header, Democratic delegates heard Barack Obama and Joe Biden both accept renomination on their convention’s final night. And we heard some facts being spun.
President Obama boasted that his plan would cut the deficit by $4 trillion over 10 years, citing “independent experts.” But one such analyst called a key element of the plan a “gimmick.”
Vice President Biden quoted GOP presidential nominee Mitt Romney as saying “it’s not worth moving heaven and earth” to catch Osama bin Laden.
How Much Is the Mandate Tax?
On Connecticut Public Broadcasting, Managing Editor Lori Robertson explains how much individuals will pay if they refuse to have health insurance under the Affordable Care Act. The minimum tax will be $695 per person, but no more than $2,085 per family in 2016. But that amount can be higher, depending on the taxpayer’s income.
For more on the health care law’s mandate penalty, see our June 28 Ask FactCheck, “How Much Is the Obamacare ‘Tax’?“
Medicare’s Finances
The Romney campaign has claimed that reductions in Medicare spending that are part of the Affordable Care Act hurt Medicare’s finances. But as Managing Editor Lori Robertson explains on Connecticut Public Broadcasting, the opposite is true. And such claims falsely imply that Medicare is losing this money and won’t get it back.
For a full explanation on how Medicare Part A’s trust fund works, see our Aug. 24 article “Medicare’s ‘Piggy Bank.’ “
Medicare’s ‘Piggy Bank’
Republicans claim the president’s $716 billion “cuts” to Medicare hurt the program’s finances. But the opposite is true. These cuts in the future growth of spending prolong the life of the Medicare trust fund, stretching the program’s finances out longer than they would last otherwise.
Mitt Romney has claimed that President Barack Obama has “robbed” Medicare. Rep. Paul Ryan, Romney’s running mate, said Obama “turned Medicare into a piggy bank to fund Obamacare,” promising to “stop the raid on Medicare.” And the Republican National Committee is promoting on its website a feature it calls “Obama’s Countdown to Medicare’s Bankruptcy,”
Cutting Medicare?
The Romney campaign says that President Obama’s health care law has cut $716 billion out of Medicare. But that’s a reduction in the future growth of spending over 10 years, not a slashing of the current Medicare budget. And the reduction extends the life of the Medicare trust fund.
Read more about Medicare’s woes and both campaigns’ plans to reduce spending in our Aug. 22 article, “A Campaign Full of Mediscare.”
A Campaign Full of Mediscare
The presidential campaign is overflowing with claims from both sides designed to scare seniors into thinking Medicare is being gutted or about to end altogether. Lost in the flurry of attack ads and political messaging is a policy debate on how best to reduce the growth of Medicare spending, a common goal of both campaigns. If all voters know …
Ryan’s Medicare Plan
Now that Wisconsin Rep. Paul Ryan is Mitt Romney’s running mate, the claims about Ryan’s Medicare plan are flying. We give the details on what the plan will do, and debunk Democratic claims that it would raise seniors’ costs by $6,000. That pertains to an outdated plan.
See “Outdated Attacks on Ryan” (Aug. 14) for more on misleading claims about his past proposals.
Outdated Attacks on Ryan
The Obama campaign points to old proposals by Rep. Paul Ryan in saying that Mitt Romney would pay “less than 1 percent in taxes” under Ryan’s plan and that seniors would pay $6,000 more for Medicare. Ryan’s 2010 budget proposal would have eliminated capital gains and dividend taxes — which were indeed the bulk of Romney’s tax burden for 2010 — but Ryan dropped that specific measure from subsequent budgets. The Medicare claim, too, pertains to a less generous plan Ryan released last year,
Romney Hijacks Credibility
A new Mitt Romney campaign ad passes off opinions of a former speechwriter for President George W. Bush as though they were from a newspaper’s reporters or editors. It’s a political trick used by both sides: hijacking a news organization’s credibility.
In this example, the Romney ad attacks President Obama’s mandate requiring employers to provide health insurance that includes free contraception. It attributes to the San Antonio Express-News the words: “Obama’s Insurance Decision Declares War on Religion.”
But the newspaper didn’t say that in any editorial or news article.