LA Times, AP repeated McCain campaign misinformation about Obama's tax plan

SUMMARY: The Los Angeles Times reported without challenge Sen. John McCain's claim that Sen. Barack Obama plans to "raise taxes on small businesses." In fact, the number of taxpayers declaring small business income who would see a tax increase in 2009 under Obama's plan is less than two percent, according to estimates by the Tax Policy Center. Additionally, the AP reported an RNC spokesman's claim that Obama "will raise taxes," without noting that Obama has proposed raising taxes only on individuals earning more than $200,000 per year and families earning more than $250,000 per year.

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