September 18, 2008
Posted: 04:25 PM ET
Sen. McCain said Sen. Obama wants to raise taxes, but does he?.
The Statement: "First of all, Sen. Obama wants to raise taxes," McCain said in an interview on CNN's "American Morning" on Tuesday, Sept. 16. "I'm not going to raise anybody's taxes … ." Get the facts after the jump!
The Facts By comparison, the Tax Policy Center analysis says McCain would offer tax cuts across the board. Those at the top end of the scale would get the biggest percentage cuts under McCain, while households with the lowest incomes would receive the largest percentage cuts under Obama's plan. Obama's plan would offer a tax cut for people earning up to $111,645 a year, according to the analysis. McCain also would offer relief to those taxpayers, but his cuts The center has different figures based on how the staff and economic advisers of both candidates have described the plans — as opposed to what candidates have said in their speeches. According to Obama's staff, even the top 20 percent of earners would, on average, get a small tax cut — with the top one-percent seeing the largest increases. McCain's staff says his cuts for people making roughly $66,000-$111,000 a year would get a slightly higher cut Verdict: TRUE, BUT INCOMPLETE Filed under: Barack Obama Fact Check |
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