Taxes Archives - Page 23 of 35

Suspect Claims from Obama’s ’60 Minutes’ Interview

December 12, 2011

President Barack Obama made a couple of questionable claims during a recent interview with Steve Kroft of CBS’ “60 Minutes.”

Obama said that “John McCain’s former economist” said that the stimulus “created or saved 3 millions jobs.” Mark Zandi did say that the stimulus created about that many jobs, but the registered Democrat was one of many advisers to McCain, not his chief economist.
Obama also said “the majority of Republicans” believe there should be “a balanced approach to deficit reduction,

Bachmann’s Bad Economics

December 7, 2011

Michele Bachmann wrongly claims there is “not one shred of evidence that lowering the payroll tax rate created jobs.” Actually, the economy has gained more than 1.4 million jobs in the 11 months since the payroll tax holiday began.
That’s 84 percent more jobs than were added in the same period a year earlier. The unemployment rate has fallen from 9.4 percent in December 2010, just before the payroll tax was reduced temporarily, to 8.6 percent in November.

Flipping Through DNC Playbook on Romney

November 30, 2011

The Democratic National Committee casts Mitt Romney as an untrustworthy flip-flopper in a lengthy Web video, but pads a long list of examples with some falsehoods and distortions. It’s true that Romney has changed or modified his position on some major issues — including abortion, a federal assault weapons ban and Reaganomics, as the DNC says. But the video strains the truth …

‘Government-Run’ Nonsense

November 21, 2011

The U.S. Chamber of Commerce puts a new twist on a tired old falsehood about “government-run health care” in one of its new ads attacking Democratic lawmakers. We noted other dubious claims as well.
An ad against Sen. Jon Tester in Montana accuses him of favoring “government-run health care” — for seniors. This is an amusing and nonsensical claim, given that Medicare is a “government-run” health insurance program for those over age 65 —

Boehner’s Big Stretch on Small Business

November 9, 2011

House Speaker John Boehner claimed that “small-business people” make up more than half of those who would be hit by a tax increase on “millionaires.” Not really. Only 13 percent of those making over $1 million get even as much as one-fourth of that income from small business, according to government tax experts.
Old Exaggerations
Republicans have for years greatly exaggerated the extent to which higher taxes on upper-income individuals would fall on owners of small businesses.

Cain’s Pattern of Evasion and Misdirection

November 2, 2011

Herman Cain’s prevarications about how accusations of sexual harassment were settled are only the most recent example of the candidate’s penchant for making contradictory statements on major issues. He also has made a habit of telling untruths about his own stance on abortion and about his signature 9-9-9 …

Perry’s Dubious Tax Promise

October 31, 2011

In his speech unveiling his proposed “flat tax” overhaul of the tax system, Rick Perry promised that “taxes will be cut across all income groups in America.” But a newly released analysis of his plan by the nonpartisan Tax Policy Center concluded that many lower-income persons and families would see their taxes go up.
In his Oct. 25 “Cut, Balance, Grow” speech, Perry said a beefed up standard deduction assured lower- and middle-class residents would see a tax break.

Cain’s ‘Fiscal Hocus Pocus’

October 13, 2011

A former chief of staff of the nonpartisan Joint Committee on Taxation calls Herman Cain’s 9-9-9 plan “a terrific example of fiscal hocus pocus” that would have the effect of “drastically increasing taxes on the working poor and middle class.” Edward Kleinbard, now a professor of law at the University of Southern California’s Gould School of Law, published a research paper through the university on Oct. 12. It is so far the most detailed look at the 9-9-9 plan by any independent tax expert,

Tales From New Hampshire

October 12, 2011

Our research has turned up some more dubious and misleading claims from the economic debate among Republican candidates in Hanover, N.H. Cain claims his 9-9-9 proposal to overhaul the tax code is “simple, transparent, efficient, fair, and neutral.” But his campaign …

Obama No ‘Different’ Today on Taxes

October 5, 2011

An American Crossroads TV ad claims Obama’s position on taxes is “different” than it was in 2009. It isn’t.
The conservative group began airing a new TV ad in St. Louis on Oct. 3 in advance of the president’s fundraising trip to Missouri. The ad, titled “Don’t,” urges Obama not to raise taxes. But it distorts the president’s position on taxes two years ago by taking a snippet of an Obama interview in August 2009 and using it out of context.