Fact Check: Who Benefits From Tax Cuts
Tonight, Barack Obama said: “I think tax policy is a major difference between Senator McCain and myself, and we both want to cut taxes. The difference is who we want to cut taxes for. Now, Senator McCain, the centerpiece of his economic proposal is to provide $200 billion in additional tax breaks to some of the wealthiest corporations in America -- Exxon Mobil and other oil companies, for example, would get an additional $4 billion in tax breaks. What I have said is I want to provide a tax cut for 95 percent of working Americans, 95 percent.”
THE FACTS: Obama Cuts Taxes For 95% Of Americans, McCain Leaves Out 101 Million Households.
Fact Check: "Spread The Wealth Around"
Tonight, John McCain said: “Joe wants to buy the business that he has been in for all these years, worked ten, twelve hours a day. He wanted to buy the business, but he looked at your tax plan, and he saw that he was going to pay much higher taxes. You were going to put him in a higher tax bracket, which was going to increase his taxes, which was going to cause him not to be able to employ people, which Joe was trying to realize the American dream.” [Presidential Debate, 10/15/08] THE FACTS: Obama's full statement referred to improving the economy for all
Obama said: “If The Economy’s Good For Folks From The Bottom Up, It’s Gonna Be Good For Everybody.” “My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody. If you’ve got a plumbing business, you’re gonna be better off if you’re gonna be better off if you’ve got a whole bunch of customers who can afford to hire you, and right now everybody’s so pinched that business is bad for everybody and I think when you spread the wealth around, it’s good for everybody. But listen, I respect what you do and I respect your question, and even if I don’t get your vote, I’m still gonna be working hard on your behalf because small businesses are what creates jobs in this country and I want to encourage it.”
Fact Check: Obama has supported nuclear power and offshore drilling
Tonight, Senator McCain said: “We have to have nuclear power… Gas, nuclear, solar. Which Senator Obama has opposed.” THE FACTS: Obama has supported nuclear power and offshore drilling.
For more information, to therecord.barackobama.com for more details, and check JohnMcCainRecord.com to learn more.
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