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- As noted already, McCain falsely claimed Obama once voted for a Democratic budget bill that called for raising taxes on persons making as little as $32,000 a year, when in fact the proposal would not have affected anyone with total income under $41,500 a year, or $83,000 for a married couple with no children.

- McCain stated that Obama would raise taxes "if you have an investment for your child's education or own a mutual fund or a stock in a retirement plan." This was found to be "false" by our colleagues at Politifact.com, and we concur.

McCain has been twisting tax facts about Obama as far back as June 10, when he gave a speech to a small-business gathering saying: "Under Senator Obama's tax plan, Americans of every background would see their taxes rise." There may be persons of "every background" among the affluent, but McCain's phrasing was misleading. These ads continue his long-running pattern of deception on taxes.

Republished with permission from .

Sources
"Individual Income Tax Brackets, 1945 - 2008." 4 November 2007. Urban-Brookings Tax Policy Center, 7 July 2008.

U.S. Internal Revenue Service, "Topic 701 - Sale of Your Home," Web site accessed 8 Aug 2008.

Len Burman, et. al. "An Updated Analysis of the 2008 Presidential Candidates' Tax Plans." Urban-Brookings Tax Policy Center, Revised 23 July 2008.

© 2008

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Member Comments

  • Posted By: thehappyamerican @ 08/28/2009 12:07:40 AM

    None of this matters. Obama isn't losing the moderate Republican votes. Obama is losing the independent votes. This accounts for his falling approval in the polls. Only moderate Republicans listen to McCain. Sort of.
    American independents are listening to Obama and not liking what they are hearing, or experiencing things in their lives they didn't know they were voting to get when they voted for "change!"
    And now to get momentum the DNC plans to rename Obama Care to Obama Health Kennedy Care, or other cheezey little ploy.Good luck!
    And still--don't blame Republicans if it don't pass. Democrats in congress can still pass it if they want to, alone! Tthe Republicans are just sooo ANTI IRISH!

  • Posted By: tallahassee lassy @ 11/03/2008 12:58:09 PM

    If you're so "educated" you'd think youve have learned not to judge based on stereotypes. Obama supporter = latte sucker..? Really?
    If you take a look around, you will see people from every walk of life supporting this man and not because they think he is their messiah. You should do a "factcheck" and quit pulling information out of your ass. Obama hates america...really? Where did you come up with that? I'd love to know.
    Maybe you should learn to open your mind a bit and not believe everything you hear on FOX news.
    Who's really blind here?

  • Posted By: frustrated realist @ 10/13/2008 5:14:18 PM

    ANSWER THE QUESTION DIRECTLY, you bleeding heart liberals!!! Why is your rhetoric always "but it isn't their fault that (insert excuse here) happened, taxpayers need to support them!" IF YOU...YOU specifically, through donations or volunteering, want to support someone else, GO FOR IT. If you want to help others, I congratulate you. DO IT! Do it NOW, don't wait for the government to do it for you! I've donated both TIME (by volunteering) and MONEY to organizations that help others less fortunate than me. It was MY CHOICE. It is NOT your right to tell me that ANYONE ELSE deserves MY MONEY more than MY FAMILY DOES!!!!

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