Fact Check on Economic Proposal:
Tonight, John McCain said: “Americans are hurting right now, and they are angry. They are hurting and they are angry.” [Presidential Debate, 10/15/08]FACT: McCain's new economic proposal is same old Republican playbook: jsut more tax cuts for the rich
Fact Check on Small Business Tax Cuts:
Tonight, John McCain said: “Joe, I want to tell you, I'll not only help you buy that business that you worked your whole life for and be able -- and I will keep your taxes low and I will provide available and affordable health care for you and your employees, and I will not have, I will not stand for a tax increase on small business income, 50 percent of small business income tax is are paid by small businesses.”
FACT: Obama would not raise tax rates on the "overwhelming majority" of small-business owners.
Fact Check on McCain Plan being a Giveaway:
Tonight, John McCain said: “I am convinced that until we reverse this continued decline in home ownership and put a floor under it, and so that people have not only the hope and belief they can stay in their homes and realize the American dream, but that value will come up. Now, we have allocated $750 billion. Let's take 300 of that billion and go in and buy those home loan mortgages and negotiate with those people in their homes, 11 million homes or more, so that they can afford to pay the mortgage, stay in their home.”
FACT: No Clear Answer On How McCain Pays For His Plan, Which Is Giveaway For Big Banks
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