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Monday, May 3, 2010
McCain, Ruddy Falsely Suggest Obama Will Let All Bush Tax Cuts Expire
Topic: Newsmax

In an April 29 interview, Newsmax CEO Christopher Ruddy joined Sen. John McCain in falsely suggesting that President Obama will allow all of the Bush tax cuts to expire this year.

In the posted clip, Ruddy said that the expiration of the tax cuts means "an automatic rise in taxes for almost every bracket by about 10 percent," asking McCain if there is any hope in Congress of "keeping the Bush tax cuts, at least getting the Democrats to compromise and keep them for a while longer?" McCain responded that "it appears as if we are going to see dramatic increases in taxes on most of the, quote, Bush tax cuts."

In fact, Obama's proposed fiscal year 2011 budget keeps the Bush tax cuts for all except those making more than $250,000 a year.

McCain also baselessly asserted that "There's some $60 billion in new taxes on lower-income Americans just as a result of Obamacare." Neither the clip nor the accompanying article notes McCain providing any evidence to back up his claim.

Posted by Terry K. at 12:13 PM EDT

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