More Tax Deceptions

factcheck.org

« Return to Article

Discuss

Member Comments

  • Posted By: Tea6 @ 08/09/2008 6:35:59 PM

    John McCain and the US Chamber of Commerce have come up with a new job creation plan. All we need to do is to use generous tax incentives to create a new job, then load that job on a DHL aircraft and fly it to China or India.

  • Posted By: tomanjeri @ 08/09/2008 6:17:08 PM

    About time a national publication called McCain out on his blatant lying in this campaign. He's been so dishonest these past 2 months.

  • Posted By: cturner @ 08/09/2008 6:04:15 PM

    Again, why are all of Newsweek's articles pro-Obama. Hmmm...

    • Posted By: mrzoid @ 08/09/2008 6:10:37 PM

      Either because of the way you interpret them or the possibility that Obama is the better candidate; take your pick.

  • Posted By: mccainsupporter @ 08/09/2008 5:07:31 PM

    When under Obama and the Democrats everyone are driving Japanese hybrid vehicles and US auto companies have been run out of business with Democratic mandates, who do you think is going to provide the electricity to supply these electric and battery powered cars. The need for more electricity will obviously be increased if there are more electric cars. Is it wind power going to supply this energy, you have to be joking. McCains new 45 nuclear power plants will be supplying the energy for the new electric cars that will be coming online. Nuclear power in conjunction with offshore drilling will lead the United States to energy independence.

    • Posted By: mmcgee @ 08/09/2008 6:04:34 PM

      Those Japanese cars are now some of the most popular cars on the market right now as under Republican leadership the price of energy has increased by 300%.
      So tell us what the hell driving hybrids has to do with Obama?
      US Automakers have been failing under the economic leadership of the last 8 years and you are disingenuous enough as to blame it on Obama and he hasn't even come close to being elected?

  • Posted By: whichwitch @ 08/09/2008 5:34:49 PM

    Ok... He's a Republican ( an old one to boot) He's got Karl " Go ahead--subpeona me" Rove on board his (gravy) train and there's still people out there believing these 'swift boat" style ads? I thought my nation was smarter than this

    • Posted By: mrzoid @ 08/09/2008 5:38:21 PM

      Hey, look at the polls, the nations not that dumb. A good segment is, but they have to be. Once you buy in lock stock and barrel to an ideology, you have to fight tooth and nail to believe and defend it; regardless of how dismal and idiotic it may be.

  • Posted By: whichwitch @ 08/09/2008 5:31:42 PM

    He's a Republican... with Karl Rove on board...and you're surprised that he's lying his head off? How stupid are some people anyways?

  • Posted By: mccainsupporter @ 08/09/2008 3:48:52 PM

    Obama and the Democrats with their tax and energy proposals want to kill the United States auto industry just like they have killed the United States nuclear industry and United States owned oil industry and ship building industry in the past. Despite leading the world with having built the first civilian commercial reactor in Shippensport Pennsylvania, there has not been a single new nuclear power plant built in the United States in the last thirty years. Now, France generates eighty percent of its electricity from nuclear energy while the United States on generates twenty percent of its electricity from nuclear energy. Obama wants to study the nuclear waste disposal issue for another thirty years. It is no accident that the largest US builder of nuclear power plants, Westinghouse Nuclear Power Construction Division was bought out by Toshiba Corporation of Japan. While 80 percent of the electricity of the country of France is generated by nuclear power, only twenty percent in the US is generated due to the successful efforts of Democratic party to kill the US nuclear power industry. Significantly, nuclear power is not considered a mainstay of Democratic plans to address our energy crisis.There is also a worldwide shortage and backlog of orders for oil drilling platforms and oil drilling ships but US shipyards are not building these ships. Only one percent of the world's commercial ships are built in US shipyards. Hold your breath for the Democratic outcry and push for government help to US ship builders to build oil drilling ships in the US. Democratic disdain for energy production by US companies is evident with the current ownership of former US energy companies. Is it any surprise that the American jewell Arco Oil Company which owned 80 percent of our Alaska Oil Reserves was bought out by British Petroleum Corporation at the end of the second administration of Bill Clinton due to the hostile Democratic attitude toward American owned energy companies. The centerpiece of the energy proposals of Obama is increased fuel efficiency. Obama knows that American auto companies are at a disadvantage compared to Japan to bring online more fuel efficient automobiles. Obama knows that his proposals will cost more United States auto jobs in Detroit due to the loss of business to Japanese auto manufacturers. Obama and the Democrats tax and energy proposals are clearly catering to their base in trying to kill the United States auto industry just as they have killed the United States Nuclear Power industry and United States owned oil industry.

    • Posted By: mrzoid @ 08/09/2008 4:03:39 PM

      What has the GOP done to aid the American auto industry? For years tthey have objected to raising feul efficiency standards, this has made American autos obsolete on the global market. Emmisions standards and feul efficiency standards are not met globally by most American autos. For years the GOP has supported the outsourcing of American jobs; no help to the workers there. Where has the ingenuity been from the GOP?
      Oil companies? Let me shed a great big crocidile tear for those struggling bastards; i mean they have been struggling to post all time record profits each quarter. Lets not lement over the plight of BIG OIL.

      • Posted By: mccainsupporter @ 08/09/2008 4:20:15 PM

        Well MrZoid go to the nearest British Petroleum gas station (foreign owned) and go fill up your BMW (foreign owned) automobile and then tell other Americans why we do not have jobs. It does matter when Democratic energy and tax policies drive companies out of the United States. Shell Oil is a Dutch Company, British Petroleum is obviously owned by Britain, Citco is owned by the Venezuelan government. When you start railing at big oil, you are now mainly railing at foreign owned interests.

        Big American cars are a status symbol in China. They are selling like hotcakes. Obama and Democratic mandates on fuel efficiency would have just increase the loss of American jobs because the Japanese have had an edge on building fuel efficient vehicles. Government mandates did not create this edge and it will not magically bestow an advantage on US carmakers. It will take time for US carmakers to produce more fuel efficient cars. In the meantime, your proposals will do nothing more than drive US carmakers out of business just as you have driven nuclear power plant makers, US owned oil companies and shipbuilders out of business.

        • Posted By: mrzoid @ 08/09/2008 4:31:37 PM

          So status symbol cars, thats your rationale? Do you have any figures or just conjecture? What was the largest nuclear power plant contrator that has been put out of business? Which US oil company has gone out of business? And what does any of this have to do with democrats and not both sides of the aisle in the US Govt?

          • Posted By: mccainsupporter @ 08/09/2008 4:52:37 PM

            The roughly one hundred United States nuclear power plants have been built by General Electric and Westinghouse. Westinghouse also used to make appliances and elevators. It is no accident that the largest US builder of nuclear power plants, Westinghouse Nuclear Power Construction Division was bought out by Toshiba Corporation of Japan. Yes the former largest builder of US nuclear power plants is now owned by a foreign company. No problem for Democrats. While 80 percent of France electricity is generated by nuclear power, only twenty percent in the US is generated due to the successful efforts of Democratic party to kill the US nuclear power industry. Significantly, nuclear power is not considered a mainstay of Democratic plans to address our energy crisis


            When under Obama and the Democrats everyone are driving Japanese hybrid vehicles and US auto companies have been run out of business with Democratic mandates, who do you think is going to provide the electricity to supply these electric and battery powered cars. The need for more electricity will obviously be increased if there are more electric cars. Is it wind power going to supply this energy, you have to be joking. McCains new 45 nuclear power plants will be supplying the energy for the new electric cars that will be coming online. Nuclear power in conjunction with offshore drilling will lead the United States to energy independence.

            • Posted By: mrzoid @ 08/09/2008 5:21:47 PM

              Hmm, you must have gone to a different business school than i did, because i've never heard a company which was sold being reffered to as "driven out of business". GE, my father works for their aviation division, trust me, don't worry about GE, they're doing ok. I don't remember mentioning a thing about wind, so it would be hard for me to be joking about that. Nuclear power? I dont think it's a bad option, but Americans are adverse to the concept of nuclear energy due to long standing paranoia, planted in large part by the "were all going to die!!!, unless you vote for us of course." propoganda of the GOP. Also, how is the miniscule amount of oil in comparison to our consumption is offshore drilling going to do to make us energy independent. It's nice that you can tow the party lines, but you seem to be tangled up in it.

        • Posted By: notroubleatall1963 @ 08/09/2008 4:42:22 PM

          It was under the Bush Administration these last two terms that the dollar fell -- allowing for lots of other countries (Dubai, European companies) to come in and buy cheaply our US-based assets.

          It's the weak dollar that makes it all possible. Thank your Bush. He's your big hero.

  • Posted By: mccainsupporter @ 08/09/2008 4:04:11 PM

    Announcement of major US offshore production will have a dramatic immediate effect on oil prices. Oil prices are about future expectations, what is going to happen in the future. Slightly more than a month ago, President Bush symbolically lifted the executive order on offshore production. Congress also had to act for it to really go into effect because Congress had also passed a ban on US offshore production. Since the announcement by Bush and the Republican led push by John McCain to champion offshore drilling the price of oil has fallen twenty-one dollars from $146 to $115 a barrel. The price of oil is about future expectations. Under John McCain we will have lots of oil and it will be soon and not in five years. There are huge deposits of oil off our East Coast.

    Under the theory of plate tectonics and continental drift, 300 million years ago when oil was formed all of the continents were one supercontinent called Pangea. The continents then drifted apart. The Africa coast was right up against North Carolina 300 million years ago. Half of Nigerian oil production today is now offshore and the odds of large offshore deposits off our east coast are very strong. There are also huge oil deposits off of the east coast of Brazil. Brazil has tied up almost all of the world ocean drilling ships in the hopes of developing those deposits. Given there is confirmed oil off of Brazil, likely oil off the Southern US east coast and there is confirmed large deposits south of Newfoundland then it is likely there is oil all up and down the entire United States east coast. The United States has the largest coastline of the world and it is simple common sense to make use of those offshore resources to achieve our energy independence. John McCain energy and tax proposals will bring about this development that we so desperately need

    • Posted By: notroubleatall1963 @ 08/09/2008 5:02:40 PM

      There is oil off the coast of Brazil - it's in very deep water - more than two miles deep and then it's below the surface maybe another mile. There is a huge reserve there - but it hasn't been economically feasible to produce in such deep water until recently -- when the price of oil is so high.

      Most of the oil and natural gas reserves around the world have been discovered - they may not be producing yet, but the geologists know about them. What we may fifnd is oil in deep water offshore in the US, but we've got a HUGE reserve ONSHORE -- in Bakken, North Dakota (also crossing into Montana and Canada) -- that is five times larger than Saudi's largest reserve. And it's not HEAVY OIL, IT"S LIGHT SWEET CRUDE... Why aren't the Majors in the Bakken Formation yet? Only the independents and Marathon are drilling there. It's a little unconvenional and you have to do horizontal drilling, but there is PLENTY.

      Now we will NEVER be energy independent, as you say, unless we REDUCE OUR CONSUMPTION. Even if we found all the oil in the world, it would not automatically "belong" to us. It belongs to the companies who found and drilled for it, they in turn sell it on the open market and we buy it at the pump after its been refined and shipped.

      So unless the US creates its own "National Oil Company" in the near future, any oil we find offshore or onshore is not going to the USA.

      Stop trying to be an expert -- trust me, you don't know what you're talking about and have just jumped on the fools' bandwagon about "offshore drilling"

      T. Boone Pickens knows what he's talking about. Listen to his ads and try to understand. WE MUST DIVERSITY AND CONSERVE PETROLEUM, not drill it for mass guzzling.

    • Posted By: notroubleatall1963 @ 08/09/2008 4:39:45 PM

      You're another dumb fool who thinks the answer to our energy problem is "offshore drilling" that will save the day.

      Guess what? Believe it or not, we're going to run out of oil in about a decade.

      Good luck with your blind-leading-the-blind policies. The oil business execs will be laughing all the way to the bank as they pocket the massive profits from US gas guzzlers demanding more and more oil, while they stay busier buying back their own stock more than exploring for oil.

      IT's all a huge sham, sam, you're the big sucker.

      • Posted By: mrzoid @ 08/09/2008 4:45:09 PM

        Estimates are around 50yrs. General point is correct though; especially the "big sucker" part.

        • Posted By: notroubleatall1963 @ 08/09/2008 4:53:54 PM

          The estimates are based on OLD, OUTDATED Demand/Supply statistics.

          The estimates are from the 1990s, and we are waiting for the IEA (international energy agency) to come up with more updated data this Fall.

          Demand is growing way beyond expectations - and in the part of the world where 1/3 of the population lives: China and India. They're copying US consumption patterns. We consume nearly 25% of today's global oil production -- for just 300 million people, a fraction (one-tenth) of what China and India repreesnt potentially.

          We are running out of oil much faster than anybody things right now.

          Geologists and energy execs know this. I work in the oil biz. It's a fact - just not sure how much longer we've actually got... maybe 20 years is a good guess, but I'd err on the conservative side.

          We must CONSERVE energy ASAP> Obama has the better plan.

    • Posted By: mrzoid @ 08/09/2008 4:37:39 PM

      What are McCains long term plans in regards to the limitations of oil? He seems to be talking here and now (which is to say a decade from now, which is the best case estimate as to how long it would take to start yeilding oil from offshore drilling), but no talk as to what the plan is in fifty years when oil reserves are empty. Shall we sit on our hands and let other countries figure out the next wave of global energy technology? Yes, lets do that, its sure to help America.

    • Posted By: Notrepublican @ 08/09/2008 4:07:31 PM

      You know, I'm pretty sure 146-115 equals 31, not 21. But whatever you say, you're the smart one. LOL

  • Posted By: notroubleatall1963 @ 08/09/2008 4:34:04 PM

    I hate to say this, but you know the GOP will "get" Obama in the end so he won't be able to win.

    They play so dirty, and they have so little to offer, and they're just barely alive, but they will dig up some major dirt and find a way to LIE LIE LIE their way to the White House...

    It's inevitable. I don't care any more. I'm resigned to living in a benign dictatorship.

    • Posted By: mrzoid @ 08/09/2008 4:43:34 PM

      Ye of little faith. You must be young, because you dont seem to be aware of the "tides" of poilitics. It's very simple, a party holds power, Americans eventually grow discontent and vote the other way; then when Americans grow discontent with that party, it swings the other way. Its very basic political science and sociology. Don't worry, the republican control is heading out to sea, and the democratic tide is rolling in. In 2012, probably 2016, it'll swing back the other way.

      • Posted By: notroubleatall1963 @ 08/09/2008 4:45:39 PM

        I hope you're right - but I also hope it never swings back as bad as this "way" where we are today.

        And I'm not young, particularly; I'm just cynical and preparing to be disppointed, as usual. But I sure hope you're right.

        • Posted By: mrzoid @ 08/09/2008 4:50:55 PM

          Trust me, no party holds on to control that long; the GOP lost control of both braches of congress, and data shows the dems will incrase their majority in both. Obama will win the election, the GOP will take control of congress during Obamas presidency, and the cycle will repeat. You dont need faith or hope when you have precident and historical trends.

  • Posted By: calbert @ 08/09/2008 4:44:09 PM

    More attacks on McCain and taxes.
    There is no one that believes, including this liberal columnist, that taxes will be higher under a McCain presidentcy. TAXES WILL INCREASE WITH OBAMA AND I HOPE HE NEVER GETS THE CHANCE...

    • Posted By: notroubleatall1963 @ 08/09/2008 4:49:02 PM

      You must be one of the upper 1 percent who earns over $250,000/year, because that is the segment that Obama will raise taxes on.

      If you're middle class, he will give us a break. McCain is LYING, coz all you Right-wing freaks think anything slightly to the left of center is akin to Communism or Socialism, and you got yourselves all brain-washed that it's a BAD, EVIL thing.

      Take a look around you - how much ar eyou paying for health care, for education of your kids, for your cars, your houses, your taxes...etc.

      What do you get for all that? Nothing much. We don't get anything for our taxes except WAR. Is that your idea of gracious living? It sure ain't mine, and I'm no communist.

      OBAMA '08

    • Posted By: mrzoid @ 08/09/2008 4:47:21 PM

      Higher than under Obama or higher than they are now? Because if you think that we have the option of electing a president that will not increase taxes, you have no clue as to how the economy works. Either way you vote, taxes are going up. The have to, we are drowning in debt.

  • Posted By: notroubleatall1963 @ 08/09/2008 4:44:10 PM

    The more lies, the more deceit, the more the hicks love it - and they'll all vote for McSame over Obama coz they're so scared to have a Black president. Anything the opposition to Obama says, they will lap up and use as an excuse not to vote for him.

  • Posted By: Omaar @ 08/09/2008 4:10:11 PM

    Demographic Breakdown....

    Obama will Win the Majority of the (Asian Vote) he was just recently Endorsed by the Largest Asian American Organization with Over active 800,000 Members.

    Newly Sworn in Americans, an often Overlooked Group in this debate, regardless of Race, Creed or Color. These Groups consist of a multitude of races.

    Universal Health Insurance Factor: Uninsured Americans or Americans who cannot Afford Insurance will Vote for Obama.

    Afro-Americans, 90-95% regardless of Political Persuasion are going to Vote for Obama.

    White American Females, Majority will Vote for Obama, based on, American Mothers -Women Anti-Iraq War Sentiments, especially based on a (Woman's Right to Choose) and other Womens Right Issues, McCain will get Trumped in November.

    White Americans , Male -Female, ages 18-45 will Vote for Obama and thats Poor and Working Middle Classes.

    Bi-Racial America, The UnHeralded Demographic an often Overlooked Group, The Hidden Group...

    Like Halle Berry, Mariah Carey, Derek Jeter and Tiger Woods types, will makes themselves KNOWN in November.

    Hispanic American 65-70% will Vote Obama and that Number will Grow, as the Election, gets CLOSER to NOVEMBER.

    Gay-Lesbian American Vote, regardless of their Political Persuasion.

    Independent, Moderate America, regardless of Political Afilliations or past Associations, will Vote Obama.

    Its just that Simple and Plain

    • Posted By: notroubleatall1963 @ 08/09/2008 4:36:26 PM

      God, I only hope you're right. Coz the "Right" will find a way to hit Obama, and "kill" any chances he could have. Pray that we don't get the dictatorship option again (open cheating to "win" an election, lying to save face and put a spin on things that the dummies will believe)...

  • Posted By: tgray210 @ 08/09/2008 4:25:23 PM

    Obama couldn't hit anyone - maybe slap? He is a puss!

    • Posted By: mrzoid @ 08/09/2008 4:33:40 PM

      You base this on what? Plus, McCain doesnt have full mobility of his arms, be it from a war injury, but none the less, id take Obama in a no-holds-barred battle.

  • Posted By: steelseal @ 08/09/2008 4:15:21 PM

    Obama should hit the SOB and hit him HARD. McBush has plenty to account for, including his role in the Keating Five scandal, his endless flip-flopping, his pandering and, yes, his lies. McBush claims falsely that drilling for oil offshore will have an immediate impact at the pump. No one, not even the oil companies, believes it except John McBush. This garbage comes straight from Karl Rove's playbook of distortions and smears.

  • Posted By: Notrepublican @ 08/09/2008 4:05:14 PM

    Yeah, I'm starting to notice most to all of Mccain ads are false, negative, and misleading. Hmmmm, where have I seen this before, oh yeah, 2000, and 2004, now 2008. Didn't Mccain say he would have a clean campaign? Where did that Mccain go?

  • Posted By: coll.env @ 08/09/2008 3:48:31 PM

    Thank you Newsweek,sure good to see some honest nrews,Very refreshing !!
    What is the big hoop-lah about John Edwards ??
    Bad news alright, but why not go after John Mccain with his illicit affair and marriage to cindy the pill popper !!

    • Posted By: mrzoid @ 08/09/2008 3:52:48 PM

      Dont worry, its coming.

  • Posted By: thewebbie @ 08/09/2008 3:42:09 PM

    Why aren't political ads covered in the "Truth in Advertising" act? It would seem that the McCain camp is breaking the law (many times over) advertising untrue and misleading data.

    • Posted By: mrzoid @ 08/09/2008 3:51:50 PM

      Because truth is subjective. If you look at a lake and say its blue, and i look at it and say its clear and only appears blue because it is refracting the light and color of the sky, then who told the truth?

  • Posted By: davidflucier @ 08/09/2008 3:46:54 PM

    I thought I saw both names: McCain and Obama in the "Topics" section above. Not just Mccain.

  • Posted By: thewebbie @ 08/09/2008 3:44:12 PM

    Why aren't political ads covered in the "Truth in Advertising" act? It would seem that the McCain camp is breaking the law (many times over) advertising untrue and misleading data.

  • Posted By: df mat @ 08/09/2008 3:23:38 PM

    Class welfare is very real and DOES handicap the middle class voter- who pays for everything.

    Republicans have raised taxes on middle America while providing huge welfare for corporations- many for taking jobs overseas.

    Raising taxes is hardly a Democratic idea, anymore.







    Increasing government is not a Democratic idea, anymore, either- growing under Republican presidents.

Reply

Report Abuse

Enter comments if any for reporting abuse