[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/10/03/art.taxcutter1003.yt.jpg caption="The McCain and Obama campaigns released new television ads Friday that focused on taxes."]
(CNN) – As Congress and the White House acted quickly Friday to try to rescue the nation’s stalled credit markets, the McCain and Obama campaigns released the latest in a string of recent television ads focused on the economy, taxes and governmental spending.
Barack Obama’s campaign hits McCain on health care in a new 30-second spot, “Prescription.” The ad focuses on John McCain’s proposal to grant a $5000 tax credit to help cover health care costs. The spot suggests that McCain’s proposal would ultimately shortchange taxpayers because McCain’s proposal also involves levying taxes on employer-provided health insurance benefits which are currently not taxed.
“Taxing healthcare instead of fixing it,” says the announcer says as the advertisement ends.
McCain’s new ad, “Tax Cutter,” takes up a traditional GOP line of attack on Democratic candidates, repeating the McCain camp’s frequent claim that Obama has voted to raise taxes 94 times. “He's not truthful on taxes,” an announcer says during the 30-second spot.
A CNN Fact Check found this charge to be misleading.
The Obama campaign took exception with the claims in “Tax Cutter.” “While the McCain campaign continues to feel no shame in repeating one of the most discredited lies of the election, their own candidate is offering a health care plan that will actually tax people’s benefits for the very first time,” said Obama-Biden campaign spokesman Tommy Vietor. “Barack Obama will cut taxes for 95% of workers and their families and make health care affordable and available for every single American,” added Vietor.
The Obama campaign says “Prescription” began airing nationally earlier this week. “Tax Cutter” will also air nationally, according to the McCain campaign.
Since the crisis in the nation’s troubled financial system began dominating headlines two weeks ago, both presidential campaigns have increasingly turned their focus and their messaging to economic issues, releasing a steady stream of television ads focused on the economy and related concerns.