PolitiFact.com falsely claimed McCain opposed 2001 Bush tax cuts because they should be "balanced by spending cuts"

SUMMARY: PolitiFact.com asserted that "[i]n 2001, [Sen. John] McCain voted against a $1.35-trillion tax cut package, arguing that the tax cuts should be balanced by spending cuts." This assertion is false. While McCain now claims that was his reason for voting against the tax cuts in 2001, that was not the reason he gave at the time of the vote itself. In a floor statement, McCain did not mention the absence of offsetting spending cuts; rather, he stated: "I cannot in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us, at the expense of middle class Americans who most need tax relief."

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