Fox's Smith falsely suggested Obama stimulus plan will "cut taxes on people who don't pay taxes"
January 07, 2009 3:34 pm ET
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SUMMARY: Fox News' Shepard Smith falsely suggested that a $500 individual tax credit, reportedly included in President-elect Barack Obama's proposed economic recovery plan, would benefit people who don't currently pay taxes, asking, "I know we don't know the details yet, but $300 billion in tax cuts -- how do you cut taxes on people who don't pay taxes?" In fact, all American workers are required to pay taxes on their wages for Social Security and Medicare under the Federal Insurance Contributions Act.
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