Massachusetts Senate candidate Elizabeth Warren evoked corporate tax punching bag General Electric Co. in a recent ad, claiming the corporate giant pays “nothing – zero – in taxes” to make a point about misplaced values. But that’s not accurate.
We should preface this by saying that we are wading into a heated media debate about the amount of taxes paid by GE, and the most crucial number — the amount paid in corporate income tax —
Club for Growth Action is out with another attack ad on Republican Senate candidate Jon Bruning, this time stretching to paint him as a “big taxer.” Earlier this month, the group exaggerated Nebraska Attorney General Bruning’s spending record.
The latest ad says Bruning “once called for higher gas taxes and Social Security taxes.” But it doesn’t mention that he did so back in 1992 in an opinion piece in the University of Nebraska’s Daily Nebraskan,
Rep. Tim Holden falsely claimed in a recent TV ad that his opponent won a multimillion-dollar lawsuit in exchange for campaign contributions to a corrupt judge. In fact, a jury — not the judge — awarded $3 million to lawyer Matt Cartwright’s client in that case. The Holden campaign told us it had no evidence to prove the donation had any influence over the judge during that trial. The campaign pulled the ad after just one day on the air.
An ad running in San Diego and on MSNBC claims immigration will cause a rise in U.S. population equal to that of the American West within 30 years. That’s not true. The increase is projected to be substantial, but nowhere near that high, even counting the children and grandchildren of newly arriving immigrants, legal or illegal.
A group called Californians for Population Stabilization began running the ad April 17, pegging it to Earth Day, which is April 22.
The Republican primary for Sen. Richard Lugar’s seat is apparently too close for comfort. Both Lugar’s campaign and the American Action Network are airing misleading attack ads against Indiana Treasurer Richard Mourdock, the senator’s challenger for the nomination. The ads strain the facts to make Mourdock look like a tax cheat who makes bad investments and does not show up for work.
The AAN ad claims that “Hoosier pensions and other funds lost millions” because of Mourdock’s “big bet on junk bonds.”
Even though we are serious-minded fact-checkers, we are not completely without humor, and MoveOn.org’s latest TV ad on “fat cats” and the “Buffett Rule” is pretty funny. But the ad may leave an im-purr-fect impression. One that’s off by more than a whisker.
The TV ad says, “President Obama’s Buffett Rule would require millionaires and billionaires to pay the same tax rate as the rest of us.” But on average “millionaires and billionaires” already pay more than the rest of us,
A pro-Obama super PAC’s new TV ad portrays Mitt Romney as a past and future threat to middle-class families. The statements it makes about Romney’s business dealings and tax proposals contain some truth — but don’t tell the whole story:
The ad says Romney is proposing “a huge new $150,000 tax cut for the wealthiest 1 percent.” But Romney’s plan would cut tax rates by 20 percent for all taxpayers, not just the wealthiest. Also, that $150,000 tax cut may be inflated because it does not include Romney’s unspecified plans to eliminate some current tax preferences —
Mitt Romney railed against the “Obama EPA” and “how the Obama government interferes with personal freedom” — using as his example an EPA action taken in 2007, under President George W. Bush.
Furthermore, it was a Republican-nominated federal judge who made the initial ruling — in EPA’s favor — that was overturned recently by the Supreme Court.
At issue was a longstanding Environmental Protection Agency precedent regarding a property owner’s right to challenge an EPA compliance order in court,
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In their zeal to pass the “Buffett Rule,” President Obama and Vice President Biden leave the false impression that many, if not most, millionaires (people who earn $1 million or more a year) are paying a lower tax rate than the middle class. The fact is that even without the Buffett Rule “more than 99 percent of millionaires will pay” a higher tax rate than those in the very middle of the income range in fiscal year 2015,