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BrookeMontiThe Panel of Men
updated:
Oct 8th, 2008

news 

 

Keeping It Real:

 

Debate Number 2, Electric Boogaloo

We’ll stick within the accepted fact check structure and get right to it. You watched the debate — here is the fact checking done by various news sites.

 

SMALL BUSINESSES [ABC News]

  • CLAIM: “Obama defended his tax plan against McCain’s charge that ‘Obama’s secret that you don’t know is that his tax increases will increase taxes on 50 percent of small business revenue.’ Obama responded that ‘only a few percent of small businesses make more than $250,000 a year. So the vast majority of small businesses would get a tax cut under my plan.’
  • VERDICT: TRUE…AND TRUE. “Only 4.3 percent of the total U.S. businesses are small businesses that make more than $250,000 a year, according to tax data. It’s also possible that a majority of “small business revenue” comes from these firms. Obama is referring to the number of firms, McCain is referring to the concentration of revenue at the top-end of the small business food chain. Both managed to make the facts work for their arguments.”

 

LEBANON [ABC News]

  • CLAIM: “McCain said: ‘In Lebanon, I stood up to President Reagan, my hero, and said if we send Marines in there, how can we possibly beneficially affect the situation, and said we shouldn’t. Unfortunately, almost 300 brave young Marines were killed.’”
  • VERDICT: FALSE. “This is an issue that came up in the first presidential debate as well. And in both cases, McCain exaggerates his position. Marines were already in Lebanon when McCain arrived on Capitol Hill in 1983 and his vote was to prevent invoking the War Powers Act to extend the Marines already deployed. McCain did vote against that, but as he did in the first debate, McCain is wrong to imply that he opposed sending the Marines to Lebanon.”

 

TAXES [MSNBC]

  • CLAIM: “In a jab at Obama, McCain said that the last president to raise taxes during difficult economic times was Herbert Hoover during the Great Depression.”
  • VERDICT: FALSE. “While the recession of the early 1990s didn’t compare to the Great Depression, Bill Clinton raised taxes — which, as both Clintons like to remind everyone who will listen, led to the greatest economic expansion in the country’s history.”

 

TAXES [Washington Post]

  • CLAIM: “Once again, McCain said that Obama raised taxes 94 times. This came up in the vice presidential debate, and it is a bogus charge.”
  • VERDICT: BOGUS. “Fact check.org, a non-partisan watchdog, has analyzed the charge. Of the 94, 23 of those votes were indeed votes against proposed tax cuts. Eleven of them were increases on families earning over $1 million to help fund programs such as Head Start and school nutrition. And 53 were on non-binding budget resolutions that foresaw allowing tax cuts to expire as scheduled.”

 

HEALTH CARE [MSNBC]

  • CLAIM: McCain “said he would provide a $5,000 refundable tax credit for families to buy health insurance ‘rather than mandates or fines for small businesses as Senator Obama’s plan calls for.’”
  • VERDICT: FALSE. Obama’s health care plan does not impose mandates or fines on small business. He would provide small businesses with a refundable tax credit of up to 50 percent on health premiums paid on behalf of their employees. Also, large employers that do not offer meaningful coverage or contribute to the cost of coverage would be required to pay a percentage of payroll toward the costs of a public insurance plan. But small businesses would be exempt from that requirement.
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