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The ad cites a Nov. 2007 article from The Washington Times, which chronicles a bill introduced by Rep. Charles Rangel (D-N.Y.). The bill would have amended the tax code to repeal the Alternative Minimum Tax and limit deductions that could be claimed by taxpayers making more than $250,000 a year, among other measures. But Rangel's bill, introduced a year ago, never cleared the Ways and Means Committee.

As for the "wasteful pork" claim, the fact is that securing earmarks is a popular practice among both Democrats and Republicans. Two oft-cited earmark recipients are longtime Sens. Robert Byrd (D-W.V.) and Ted Stevens (R-Alaska). Both were listed in Porkbusters.org's "Hall of Shame" in 2006 and have been singled out as "Porker of The Month" more than once over the last eight years by the organization Citizens Against Government Waste – proof that, promise or not, Democrats and Republicans send money home for projects whether taxes go up or down.

Republished with permission from factcheck.org.

Sources
Novak, Tim. "Obama's Letters for Rezko." 13 June 2007. The Chicago Sun-Times. 22 August 2008.

McElhatton, Jim.  "Obama sought HUD grant for donor's project."  6 Oct. 2008. The Washington Times.

Miller, S.A. "Democrats' Plan Taxes All."  8 Nov. 2007. The Washington Times.

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Member Comments

  • Posted By: circuitrider @ 11/04/2008 11:58:11 PM

    If Maobama is smart he will not try to push a liberal agenda. Most exit polls show that the country still has a central-right lean and the only reason he won is people felt maybe he would bring the change he has promised. But he best drop his "the Constitution is seriously flawed" and we are "no different then Nazi Germany" rhetoric or he will find himself shown the door in four. That is if he makes it there. There are still legal challenges to his qualification based on whether he is really a citizen. The first thing he ought to do is come clean. A new ethics challenge has now been filed against him as well regarding his ties and the favors he received from Rezko. These fall in the same category as the crimes Sen. Stevens was just convicted of so he is not out of the woods yet. .

  • Posted By: circuitrider @ 11/04/2008 11:37:14 PM

    And you actually believe Maobama has been truthful? Boy have you eer been blinded by the Pied Piper.

  • Posted By: StevenNavy @ 11/04/2008 3:27:56 PM

    Here's the bottom line: MCCAIN and PALIN are LIARS and have been throughout the election process. Never trust a woman that cheats on her husband with his best friend. and Never trust a man that cheats on his wife because thr other woman has money.

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A new ad goes too far when it says Medicare will be "bankrupt" in eight years.