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Dick Morris repeated false and misleading claims about Obama's tax proposals on Hannity & Colmes and Today

June 25, 2008 2:40 pm ET

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SUMMARY: On Fox News, Dick Morris asserted that as president, Sen. Barack Obama "would double the capital gains tax. That means that you get far less when you sell your home, or your 401(k) or your stock plan," and added, "[H]e would increase the limit on Social Security taxes, which means instead of paying 12 1/2 percent of the first $100,000, you pay it on everything that you're making." Morris' claims are false or highly misleading.

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