In an article on Sen. John McCain's proposed plan to balance the budget by 2013, The Washington Post's Michael Shear reported that "Democrats immediately criticized McCain, asserting that his promise is unrealistic, given his stated goals of tax cuts and other government spending." In fact, several economists and nonpartisan analysts have also criticized McCain's plan, reportedly saying that McCain's proposal for numerous tax cuts would bloat the deficit or require huge spending cuts.
In a Washington Post article, Perry Bacon Jr. listed "allowing younger workers to put money they currently pay for Social Security taxes into personal savings accounts" as one of "an array of ideas" that aides to Sen. John McCain "indicated" he "could support" in "finding a solution to the long-term solvency of" Social Security. But Bacon did not note that the Bush administration has admitted that private accounts themselves would do nothing to address Social Security's projected long-term revenue shortfall.
Washingtonpost.com's The Trail blog, CNN, and CBSNews.com each repeated Sen. John McCain's false claim that "[i]f you are one of the 23 million small business owners in America who files as an individual rate payer, Senator [Barack] Obama is going to raise your tax rates." In fact, Obama has proposed rolling back President Bush's tax cuts only on "people who are making 250,000 dollars a year or more"; according to the nonpartisan Tax Policy Center, only 481,000 small businesses fall into the tax brackets that would be affected by those increases.
The New York Times' Adam Nagourney reported that Sen. John McCain will attack Sen. Barack Obama for supporting "tax increases," but Nagourney didn't note that Obama has proposed tax cuts for "working-class voters" and others. Nagourney joins other media outlets that have uncritically reported or failed to challenge assertions by the McCain campaign that Obama plans to raise taxes on all or most Americans.
Politico writers Ben Smith and Jonathan Martin reported a claim by Tucker Bounds, McCain campaign spokesman, that "Barack Obama wants more taxes from 21 million small businesses," without noting that it is false. In fact, Obama has proposed rolling back President Bush's tax cuts only on "people who are making 250,000 dollars a year or more," and according to the nonpartisan Tax Policy Center, 481,000 small businesses fall into the tax brackets that would be affected by those increases.
On Hardball, Mike Barnicle said of Sen. Barack Obama's reaction to Sen. John McCain's proposal for a summer gas-tax holiday: "[P]oliticians have got to be very, very careful when they tell people living right at the margin, right at the edge, that $30 a week isn't a whole lot of money." But what Obama has said of McCain's proposal is that "[i]t would save you a total of about $28 for the entire year" -- not "$30 a week" -- and several analyses support Obama's claim.
On Fox & Friends, Mike Huckabee falsely asserted, "When Katrina, a Cat-5 hurricane, hit the Gulf Coast, not one drop of oil was spilled off of those rigs out in the Gulf of Mexico." In fact, according to a report prepared for the federal government by an international consulting firm, damages related to Hurricane Katrina resulted in 70 spills from outer continental shelf structures with a total volume of approximately 5,552* barrels of oil and petroleum products.
On The Situation Room, Wolf Blitzer asked Sen. Lindsey Graham how Sen. John McCain would "pay for $300 billion in new tax cuts" and said, "But there's no waste -- with all due respect, Senator ... you're going to find $300 billion in waste, are you?" But when Graham replied, "No, no, $35 billion from earmarks, but there are other programs up here that can be reined in, including the Department of Defense," Blitzer did not press Graham to identify which specific "programs" McCain would "rein in" to "pay for $300 billion in new tax cuts."
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.
The Los Angeles Times and The Washington Times uncritically repeated the McCain campaign's claim that Sen. Barack Obama "propos[es] to raise taxes on millions of small businesses." In fact, Obama has proposed rolling back President Bush's tax cuts only on "people who are making 250,000 dollars a year or more," and according to the nonpartisan Tax Policy Center, 481,000 -- not "millions of" -- small businesses fall into the tax brackets that would be affected by those increases.
On Late Edition, Wolf Blitzer did not challenge Gov. Tim Pawlenty's false claim that under Sen. Barack Obama's proposal to increase the capital gains tax rate, "if you have an IRA or a 401(k), which a lot of middle Americans do, and you go to retire or, you know, use that money, you're going to pay almost double the rate in taxation." In fact, most distributions from retirement accounts are taxed as regular income, not as capital gains.
The Detroit Free Press and Toledo Blade uncritically reported the false assertion by Tucker Bounds, a spokesman for Sen. John McCain, that Sen. Barack Obama would increase taxes on 21 million small businesses. In fact, Obama has proposed rolling back President Bush's tax cuts only on "people who are making 250,000 dollars a year or more," and according to the nonpartisan Tax Policy Center's table of 2007 tax returns that reported small-business income, only 481,000 of those returns are from filers with taxable incomes of more than $250,000.
The Hill and Bloomberg News uncritically reported Sen. John McCain's false suggestion in a June 10 speech that Sen. Barack Obama plans to raise taxes on 21.6 million small businesses that file taxes under the individual income tax. However, Obama has proposed rolling back the Bush tax cuts only on "people who are making 250,000 dollars a year or more," and according to the nonpartisan Tax Policy Center, only 481,000 small businesses fall into the tax brackets that would be affected by those increases.
On MSNBC Live, Joe Watkins falsely claimed, "No matter what you think about the current administration, at least unemployment is at an all-time low. It's at 5 percent, and some points, less than 5 percent, which has been the lowest it's been in decades." In fact, the current unemployment rate is 5.5 percent, more than double the lowest measured unemployment rate of 2.5 percent, which was recorded in both May and June of 1953.