Summary
McCain released three new ads with multiple false and misleading claims about Obama's tax proposals.

A TV spot claims Obama once voted for a tax increase "on people making just $42,000 a year." That's true for a single taxpayer, who would have seen a tax increase of $15 for the year – if the measure had been enacted. But the ad shows a woman with two children, and as a single mother, she would not have been affected unless she made more than $62,150. The increase that Obama once supported as part of a Democratic budget bill is not part of his current tax plan anyway.

A Spanish-language radio ad claims the measure Obama supported would have raised taxes on "families" making $42,000, which is simply false. Even a single mother with one child would have been able to make $58,650 without being affected. A family of four with income up to $90,000 would not have been affected.

The TV ad claims in a graphic that Obama would "raise taxes on middle class." In fact, Obama's plan promises cuts for middle-income taxpayers and would increase rates only for persons with family incomes above $250,000 or with individual incomes above $200,000.

The radio ad claims Obama would increase taxes "on the sale of your home." In fact, home-sale profits of up to $500,000 per couple would continue to be exempt from capital gains taxes. Very few sales would see an increase under Obama's proposal to raise the capital gains rate.

A second radio ad, in English, says, "Obama has a history of raising taxes" on middle-class Americans. But that's false. It refers to a vote that did not actually result in a tax increase and could not have done so.

These ads continue what's become a pattern of misrepresentation by the McCain campaign about his opponent's tax proposals.

Analysis
Sen. John McCain's campaign released the 30-second spot Aug. 8. Campaign spokesman Brian Rogers said the ad would be running in Colorado, Iowa, Michigan, Missouri, Nevada, New Hampshire, New Mexico, Ohio, Pennsylvania, Virginia and Wisconsin.

John McCain 2008 Ad: "Painful"

Announcer: Life in the spotlight must be grand, but for the rest of us times are tough.

Obama voted to raise taxes on people making just $42,000.

He promises more taxes on small business, seniors, your life savings, your family.

Painful taxes, hard choices for your budget. Not ready to lead. That's the real Obama.

McCain: I'm John McCain and I approved this message.

The ad continues McCain's pattern of misrepresenting Sen. Barack Obama's tax proposals as falling on middle-income families. It claims that Obama "promises more taxes on small businesses, seniors, your life savings, your family." But that's untrue for the vast majority of small businesses, seniors and individual taxpayers, who would see their taxes go down under Obama's actual plan. He proposes to increase taxes only for those with more than $250,000 in family income, or $200,000 in individual income.