Saturday, September 27, 2008

Biden Gets Four Pinocchios For Lying About McCain's Plan

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Why four Pinocchios? Because they don't give five!




Michael Dobbs' Fact Checker examined Biden's claims and declared them to be "fabrications". (That's how polite people call you a liar!)

By most independent calculations, the McCain plan will leave most taxpayers better off in strictly financial terms, at least until 2013. After 2013, the benefits will begin to diminish. By 2018, taxpayers in the top quintile will be slightly worse off, but middle-income taxpayers will either break even or be slightly ahead. According to the non-partisan Tax Policy Center, the McCain proposals will result in a net benefit of $1,241 to the average tax payer in 2009, $895 in 2013, and $386 in 2018.

"It is not fair to pull out just one part of the McCain proposal," said Eric Toder, a TPC analyst. "It is a package. They are giving back more than they are taking away."


...In this particular case, Joe Biden has looked at only the negative side of the balance sheet--and ignored the positive. It is simply not true that the McCain health plan represents the largest "tax increase" in American history.


Hat tip The Corner
Cross Posted at Say Anything

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