October 3rd, 2008
04:03 PM ET
6 years ago

Fact check: McCain's plan gives 100 million no relief?

Does McCain's plan provide no relief to the middle-class?
Does McCain's plan provide no relief to the middle-class?

The Statement:
At a campaign stop Friday, October 3, in Abington, Pennsylvania, Sen. Barack Obama argued his opponent, Sen. John McCain, is "out of touch." Obama asked, "How else could he come up with an economic plan that leaves out more than 100 million middle-class taxpayers from any relief whatsoever?"

Get the facts!

The Facts:
CNN/Money reported last month that the Obama campaign "says it bases that number on McCain's proposal to increase the exemption tax filers take for dependents, and adds that it is the 'only middle-class tax cut' the Republican nominee has offered."

The CNN Truth Squad has previously reported that the Tax Policy Center - the nonpartisan agency whose figures the Obama campaign regularly cites - says some members of the middle class would also benefit from other parts of McCain's tax plan.

Obama's assertion also ignores McCain's health-care plan altogether, which is part of his tax plan. As the CNN Truth Squad has reported, the Tax Policy Center says virtually all Americans would come out ahead initially under McCain's health plan, and the middle class would benefit through 2018, which is far ahead as the center projected.

Len Burman, the center's director, told CNN Friday, if you include McCain's health plan, Obama's assertion is "patently untrue." And Burman said that while "something like 100 million people are not affected by the McCain individual income tax cuts," millions would benefit from the corporate tax cuts McCain proposes - "anyone who owns stock, and that includes retirees with modest pensions and 401(k)s."

In his remarks, Obama referred to McCain's "economic plan" - not solely to his plan for individual income taxes.

In Thursday night's debate, Obama's running mate, Sen. Joe Biden, was even more off the mark, saying that under McCain's tax proposal, "100 million families, middle-class families, households to be precise, they got not a single change, they got not a single break in taxes." One hundred million "families" or "households" would include the vast majority of the U.S. population.

Verdict:
False. The Obama campaign bases its assertion on just one part of McCain's economic plan, while ignoring the tax consequences of the rest of the McCain plan.


Filed under: Fact Check
soundoff (29 Responses)
  1. Joe

    Is there any politician we can trust to tell the truth all the time???

    Thats a rhetrocial quesiton of course...no need to answer.

    October 3, 2008 05:09 pm at 5:09 pm |
  2. Jeff

    But in reality, McSame's healthcare plan is more of the same large corporations running health care with small tax breaks for the poor. The rest of America should, as Bush/McSame has said: "Get a job."

    Maybe I could be an investigator to find out how many homes the elder statesman from Arizona has?

    October 3, 2008 05:12 pm at 5:12 pm |
  3. I said Thanks, but No Thanks to another 4 years of g.o.p. corruption, arrogance and incompetence

    Can't wait to get my $ 5000.00 tax credit, so I can pay for my taxed insurance benefits under the McCain plan.

    McCain: "Me First"

    October 3, 2008 05:12 pm at 5:12 pm |
  4. Cuban-mami-4-OBAMA

    Okay, fair enough. The fact still is that while Americans have been working hard, trying to make ends meet, the top 1% of the wealthiest in our country have benefitted from a huge tax cut.

    And while Big Oil has had RECORD PROFITS on the backs of hard-working-Americans, McCain will continue to give them $4 Billion is additional tax breaks.

    October 3, 2008 05:12 pm at 5:12 pm |
  5. Nimi from NY

    It doesn't matter. All that matters is that McCain and the Republicans don't care so much about the average person out there.

    October 3, 2008 05:14 pm at 5:14 pm |
  6. Adama

    This year congress directly went against the majority of American's interests. Having been confronted with Democrats AND Republicans both siding against the wishes of voters, a large number of voters are shifting to the largest third party, the Libertarian Party.

    Candidate Bob Barr is experiencing a groundswell of support after the two major parties voted against their constituencies while Barr has been steady in his opposition to a government bailout.

    October 3, 2008 05:16 pm at 5:16 pm |
  7. TJ

    Fact: Obama is right, McBush is wrong. Fact: Although Gov. Palin did remarkably well in the debate last night-surprisingly well, I might add-she is in no way, shape, form or fashion ready to be the next commander-in-chief, if that need would arise. I know nothing about her policies since I am so far away from AK, but this "mavercick" nonsense is laughable. McBush is nowhere near the "maverick" he professes to be, unless your talking about Brett Maverick. Obama '08.

    October 3, 2008 05:16 pm at 5:16 pm |
  8. JR

    Obama and Biden distort the truth, if they had their way we would be pushed into a depression. Obama plans are not his own.......he speaks what he is told, his actions show little/no experience. Obama as president would be a disaster for the country, his past speaks volumes for this.

    October 3, 2008 05:16 pm at 5:16 pm |
  9. PHIL TEXAS

    GOD BLESS AMERICA

    October 3, 2008 05:18 pm at 5:18 pm |
  10. brain

    grandpa go home!!

    October 3, 2008 05:18 pm at 5:18 pm |
  11. cheatin'

    So your Congress just cheated on you the voter. And like in an abusive relationship, they'll say nice things and we'll come back for more...

    October 3, 2008 05:20 pm at 5:20 pm |
  12. PHIL TEXAS

    B.O. WILL RAISE TAXES ON SMALL BUSINESS FROM 35% to 51%

    October 3, 2008 05:22 pm at 5:22 pm |
  13. PHIL TEXAS

    B.O. WILL RAISE SELF-EMPLOYED TAXES FROM 38% TO 55%

    October 3, 2008 05:23 pm at 5:23 pm |
  14. ran

    Not really on topic but no where else can i response to the bail out mess. Too bad there is not a real contender for a 3rd party candidate.

    It really is time for us to start looking at alternatives to this 2 party system. We the people are getting the short end of the stick every time while the rich and super rich get what ever they want.

    This bail out really sucks.

    October 3, 2008 05:24 pm at 5:24 pm |
  15. Cooper Toronto

    Hey, John, what happen in Michagan? You gave up on the State? Looks like a white flag of surrender, I though McCain never surrendered?

    October 3, 2008 05:24 pm at 5:24 pm |
  16. pj

    Who cares

    October 3, 2008 05:25 pm at 5:25 pm |
  17. Elizabeth in Texas

    I work in Dallas, TX and down stairs in my office building I overheard a white and a black woman talking about the debate. All I heard was "This isn't for Alaska! This is for the vice presidency! This woman is ignorant and does not speak for me." True story. I didn't speak with them but kept walking with a smile on my face. If Texas isn't liking her, then that tells you a lot.

    -Elizabeth in Texas-

    October 3, 2008 05:25 pm at 5:25 pm |
  18. Farrell, Houston, Tx

    John McCain is part of the American greed. He has 8 homes and owns a 13 bedroom home that is now up for sale, that's right, for sale and not because he's being evicted. This home also shelters his 13 foreign cars. If that's not greed I don't know what you call McCain.

    October 3, 2008 05:26 pm at 5:26 pm |
  19. REPUBLICANS INTRODUCE AMERICA TO SOCIALISM!

    To all the ditto heads screaming Obama will introduce the United States to socialism. Since republicans appear to have a difficult time with both facts and how to obtain them, and ditto heads seem partial to having decisions spoon fed to the them in small easy to remember sound bites, much like a baby eating his or her daily morning pabulum, therefore I have done the research for you..

    “Social democrats propose selective nationalization of key national industries in mixed economies combined with tax-funded welfare programs”.

    As a result, under the last 8 years of republican control in the White House now and control of Congress since 1996 until 2007 the U.S. government now owns an insurance company, two main home financing companies and very soon will own investment and banking firms both national and international in what used to be the private sector and owned by stockholders..

    Some state that the Democrats could have stopped this fiasco, but not so, this fiasco is the result of the deregulation of Wall Street for the last 15 years. The Leach-Gramm bill was introduced by Phil Gramm in 1999, you may remember him, he is the idiot that stated our current financial problems are all in “our minds” and we were a “nation of whiners”. Yes, Clinton did sign the bill in 2000, however, there was a republican majority in both Houses of Congress and could have overridden a veto. Oh, by the way, Gramm is responsible for McCrypt’s current economic policies as well.

    Yes, Democrats have been the majority in both Houses since 1/2007, however, only by 1 vote in the Senate, which is not large enough to override a Senate filibuster by republicans. For example, when the Democrats tried to extend unemployment benefits an additional 13 weeks and The Moron said he would veto it, and the Senate republicans marching in lockstep with HRH threatened to kill it by filibuster. The increasing number of unemployed that will suffer now, without the extension, should make all republicans proud! Think of the money you saved!

    So, nice try, but this socialistic problem lies squarely on the shoulders of all you republicans and anyone that voted for Mr. Moron. The bill, Emergency Economic Stablization Act(EESA) that will introduce us to socialism is now in Congress and was introduced by republicans under President George W. Bush dated 09/2008.

    So, to recap:

    President Obama will INHERIT an economy that is ALREADY a democratic socialist economy that was set up by republicans as a welfare program to bail out the fat cats on Wall Street!

    October 3, 2008 05:26 pm at 5:26 pm |
  20. McCain's The Man!

    McCain is NOT out of touch, Barry, you are out of your league!

    McCain/Palin

    Obama is NOT good for America!!!

    October 3, 2008 05:28 pm at 5:28 pm |
  21. Michael M, Phoenix AZ

    McCain's tax credit of $5000 for health care policies goes no where.
    Most people will need a Major Medical health plan, just to cover the unexpected. Most plans require a deductible that can run anywhere from $250-$10,000 PER occurance, per person, per year. Employer/employee health plans are the least expensive, premimum wise, with the employer paying most of the premium. If you leave an employer for any reason you will have COBRA which will allow you to now pay 102-105% of what you paid as an employee, per month.

    If you qualify for a major medical plan on your own, depending on if there are pre-existing conditions (which could exclude you or a family member) your deductible could run anywhere from $500-10,000 per person, per year, per occurance depending on the company and the plan. Most people will usually choose mid-range deductible in order to keep the premium affordable. If you have to use your plan for a major operation it can run well over $50,000 just for the hospital alone, not including surgeons, etc.

    With, say, a $1000 deductible, and an 80-20 plan, the surgery alone costs $30,000 (and that is quite inexpensive), you pay the $1000 deductible, the insurance will pay 80% of $29,000 or $23,200. You own the balance of $5,800, not to mention all the other costs incurred during your stay in the hospital. If you have another family member who also has to have some type of surgery and the cost is around the same amount, then you have incurred OUT OF POCKET expenses of at least $13,600. Where does that credit help you out? Remember also, that the premium can be considered part of the medical bill. A family of 4 could easily have an insurance premium of $500 per month which is $6000. McCain doesn't pay that at all.

    October 3, 2008 05:28 pm at 5:28 pm |
  22. The Nightingale Sings in Berkley Square

    Biden is such a Washington insider that he said we spent more in Iraq that we did in Afghanistan in seven years. I guess he should know since he voted for the War in Iraq and he voted for all these expenses. I don't think biden is for change . see his record.

    next let's talk Obama who disses our troops by saying they are out there somewhere killing innocents. I am very sorry to hear him say that. He is not qualified to be the CIC. or hold the office of POTUS.

    He called mid westerners bitter and called women pigs. I am shocked he has any support but let's face it 95% of the blacks are supporting him since he is black.

    Obama is risky and scary. McCain will protect our country and our values.

    October 3, 2008 05:28 pm at 5:28 pm |
  23. Independent but Leaning

    What do you know, a lie from Obama. Shocking.

    October 3, 2008 05:29 pm at 5:29 pm |
  24. MR MAGOO AND SARAH TOO!

    I am suprised, at least MaGoo is not using a "brick" cell phone.

    How '90's!

    October 3, 2008 05:29 pm at 5:29 pm |
  25. Huh?

    OK Obama spambots... who's the liar?

    October 3, 2008 05:32 pm at 5:32 pm |
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