Taxes Archives - Page 24 of 36

Gingrich’s Plan: Nearly Zero Tax for Romney

January 18, 2012

Newt Gingrich joked that he ought to rename his proposed 15 percent flat tax the “Mitt Romney Flat Tax,” so “all Americans would pay the rate Mitt Romney paid.” Actually, not all Americans. Under Gingrich’s tax plan, Romney would likely pay closer to zero percent.
Although he has not released his tax records, Romney this week revealed an approximation of his effective tax rate:
Romney, Jan. 17: What’s the effective rate I’ve been paying? It’s probably closer to the 15 percent rate than anything.

And Then There Were Five …

January 17, 2012

In a spirited debate, Republican candidates variously strained the facts on President Obama’s record on trade, tangled with each other over a misleading ad about allowing felons to vote, and erred on the history of the federal income tax.
Otherwise, the five remaining GOP presidential candidates pretty much stuck to the facts as they debated Jan. 16 at the Myrtle Beach Convention Center in Myrtle Beach, S.C. The event was sponsored by Fox News and the Wall Street Journal.

Gingrich Makes a French Connection

January 13, 2012

Newt Gingrich attacks Mitt Romney once again, this time in a Web video that bashes Romney for raising taxes, giving money to Democrats (back in 1992) and — sacre bleu! — speaking French. But a few of the claims, besides the French one, could use some context.
The one-minute video says that Romney “donated to Democrats.” That’s true, but voters might want to know that he gave a total of $1,500 to three congressional candidates 20 years ago,

Gingrich’s ‘Baloney’-filled Attacks on Romney

January 11, 2012

Newt Gingrich is out with two new attacks on Mitt Romney: an ad airing in South Carolina that tries to brand Romney as a “pro-abortion” governor, and a nearly three-minute Web video that gauges Romney statements on a “Baloney-O-Meter.” We found a bit of baloney in both …

Promises, Promises

January 4, 2012

President Barack Obama’s reelection campaign is circulating a video of promises the then-candidate made during an Iowa caucus victory speech in January 2008, claiming he kept the promises he made that night. Not quite.
To be sure, the president signed a major health care law, ended the long war in Iraq and signed multiple “middle-class” tax cuts, just as his campaign boasts.
But the health care law isn’t expected to make insurance “affordable and available to every single American,”

The Whoppers of 2011

December 20, 2011

Despite what you may have heard in 2011: The new health care law won’t cost many jobs (and they’ll be poorly paying jobs at that). Republicans aren’t proposing to “end” Medicare (and Democratic Sen. Ron Wyden has signed onto a modified version …

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 —