The nonpartisan group FactCheck.org has publicly accused presidential hopeful John McCain of using distorted information to attack Barack Obama’s tax related voting record. Below is the summary of the group’s findings, but you can read the full study at FactCheck.org.
“A TV spot claims Obama once voted for a tax increase ‘on people making just $42,000 a year.’ That's true for a single taxpayer, who would have seen a tax increase of $15 for the year – if the measure had been enacted. But the ad shows a woman with two children, and as a single mother, she would not have been affected unless she made more than $62,150. The increase that Obama once supported as part of a Democratic budget bill is not part of his current tax plan anyway.
A Spanish-language radio ad claims the measure Obama supported would have raised taxes on ‘families’ making $42,000, which is simply false. Even a single mother with one child would have been able to make $58,650 without being affected. A family of four with income up to $90,000 would not have been affected.
The TV ad claims in a graphic that Obama would ‘raise taxes on middle class.’ In fact, Obama's plan promises cuts for middle-income taxpayers and would increase rates only for persons with family incomes above $250,000 or with individual incomes above $200,000.
The radio ad claims Obama would increase taxes ‘on the sale of your home.’ In fact, home-sale profits of up to $500,000 per couple would continue to be exempt from capital gains taxes. Very few sales would see an increase under Obama's proposal to raise the capital gains rate.
A second radio ad, in English, says, ‘Obama has a history of raising taxes’ on middle-class Americans. But that's false. It refers to a vote that did not actually result in a tax increase and could not have done so.”