"He (Obama) has voted for, in the Senate, raising taxes on people that make as low as $42,000 a year, so he's been all over the map on this ... ," McCain said in a Monday, Sept. 16, interview on CNN's "American Morning."
Get the facts after the jump!
McCain is referring to a June 5, 2008 vote on a resolution (Senate Concurrent Resolution 70) that was not legally binding, but meant to outline the Senate's budget priorities through 2013. Obama and running mate Sen. Joe Biden voted "yes" on the resolution. McCain did not vote.
According to a CNN review of the resolution, it assumes that most of the 2001 and 2003 tax cuts pushed by President Bush will expire in that time - unless Congress renews them. In the past, McCain's campaign has said in interviews and television ads that Obama voted to increase taxes on those making $32,000 or more. This is false. If the provisions of the resolution were later made law, it would have increased taxes for people starting at $41,500 a year or couples
So where did the figure $32,000 come from? Turns out someone making $41,500 would have a taxable income of about $32,000, based on average tax exemptions.
The 48-page resolution also called for several tax cuts and breaks including rolling back the alternative-minimum tax and the so-called "marriage penalty." And the tax plan that Obama has proposed during his campaign would offer tax cuts to most of the people whose taxes would increase if the Bush cuts expire.
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