Barack Obama’s presidential campaign has a new television ad in battleground state that misleads Americans into thinking that Republican John McCain’s tax plan would provide no tax relief to 100 million Americans.
Likewise, the McCain campaign began running TV ads several weeks ago that mischaracterizes Obama’s tax plan by sayingÂ it “promises more taxes on small business, seniors, your life’s savings, your family.”
What are the facts?
McCain’s plan is tilted toward wealthy Americans, but middle income people do receive some tax relief. Only 6 percent of McCain’s tax relief would go to families of $65,000 or less, according to the Tax Policy Center, a Washington think tank. Six percent is not “no tax relief,” as the Obama ad alleges.
The McCain ad is misleading because Obama is promising to not raise taxes for single people earning up to $200,000 and couples earning $250,000 or less. It is true that there are some small businesses, seniors and families that make more than that, but it’s only a small segment of each group. Obama also has proposed eliminating all income taxes on seniors making $50,000 or less.