In a Web video, President Barack Obama leaves out some key facts about the fiscal cliff deal, possibly leaving the wrong impression about its impact on taxpayers and the deficit:
Obama boasts that “middle-class families” will not have to “pay upwards of $2,000 more in taxes this year.” That’s accurate for income taxes, but Obama doesn’t mention that the deal allowed a payroll tax cut to expire. About 77 percent of taxpayers will pay more in taxes this year —
During the presidential campaign, the Obama campaign emailed fundraising appeals with subject lines such as “This is critical” and “Absolutely urgent” to lament how the Democrats were being outraised and outspent by Republicans.
But here’s something to consider: The Obama and Romney campaigns combined raised a record amount of more than $2 billion. Super PACs spent another $600 million. That paid for a lot of advertising and created a lot of work for us. Our cash budget,
The presidential election ended last month, but the partisan air wars continue with competing fiscal cliff ads from the conservative Crossroads GPS and the Democratic Congressional Campaign Committee. Most of what is in the ads falls into the realm of opinion, but we found a couple points to quibble with in each.
The DCCC ad claims “tea party House Republicans are holding the middle class hostage to get more tax cuts for millionaires,” but nearly six out of seven who would face tax increases under President Obama’s plan do not earn $1 million a year.
A fog of misinformation has settled on the fiscal cliff, as both House Speaker John Boehner and Treasury Secretary Timothy Geithner have traded conflicting, misleading and false statements in recent days on the president’s deficit-reduction plan:
Geithner falsely claimed on “Fox News Sunday” that the president’s proposals to slow Medicare growth are “not shifting costs to seniors.” There are four proposals that would increase costs to some seniors by $32.9 billion over 10 years, beginning in 2017,
Sen. Richard Durbin says that “Social Security does not add one penny to our debt.” That’s false. It was wrong 21 months ago, when Durbin said it once before, and it’s even more off the mark now.
The federal government for the first time in its history had to borrow money in 2010 to cover Social Security benefits to retired and disabled workers — a trend that worsened in 2011 and will not change at any point in the future unless changes are made.
A conservative group misleads taxpayers on the Affordable Care Act and the Internal Revenue Service’s future role in enforcing it. Americans for Tax Reform posted a “projected” IRS tax form on its website that claims to “help families and tax specialists prepare” for new tax provisions under the health care law. But ATR makes several false claims:
The group claims taxpayers will have to disclose “personal identifying health information” to the IRS to prove they have insurance.
In press conferences on the so-called fiscal cliff, House Speaker John Boehner greatly exaggerated the negative effect on the economy of raising taxes on upper-income individuals.
Boehner erred when he said that “the problem with raising tax rates on the wealthiest Americans is that more than half of them are small-business owners.” That’s incorrect. Boehner’s spokesman said the speaker simply misspoke, but Boehner is a repeat offender with this bogus claim.
Boehner repeatedly cited an Ernst &
In the interest of timeliness and accuracy, we are issuing an updated version of “Obama’s Numbers,” our collection of key measures of the president’s time in office. A few things have changed since we published our original version Oct. 8 — some for better, and some for worse.
The number of jobs has increased substantially with the latest report from the Bureau of Labor Statistics, for example. There are now about 580,000 more people employed than when Obama took office,
Both sides in the presidential race are making one last push for votes with false and distorted claims on television, radio and even in text messages:
A liberal super PAC’s radio ad in Ohio twists Mitt Romney’s words by having him say six times: “I’m not concerned about the very poor.” He actually said: “I’m not concerned about the very poor; we have a safety net there. If it needs repair, I’ll fix it.”
A conservative super PAC falsely claims in a TV ad that President Obama’s health care law “creates an unaccountable new board that can cut Medicare benefits with no notice —
An ad from the Romney campaign mocks President Obama’s proposal to create a “Secretary of Business,” but misrepresents the president’s proposal.
The ad says that “his solution to everything is to add another bureaucrat.” But in fact, Obama’s plan actually seeks to consolidate more than a half dozen agencies, trim the federal workforce by as many as 1,000 to 2,000 employees and save $3 billion. In short, it specifically seeks to reduce bureaucracy.
According to the narrator in the video: “Barack Obama says he may appoint a Secretary of Business.