Issues: Bush Tax Cuts

American Crossroads: “Sack It”

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In its latest attack on President Obama, American Crossroads pretends that the economic recovery is not happening, asking, “Where are the jobs you promised?” The economy was hemorrhaging jobs when Obama took office, but the private sector has created 4.7 million new jobs over the last 31 consecutive months of growth. Indeed, even counting the hundreds of thousands of job losses each month in early 2009, the latest data shows positive net job growth in Obama’s first term. Moreover, Crossroads dishonestly blames Obama for rising debt fueled by the recession and Bush-era policies, such as tax breaks for the wealthy and unfunded wars.

Read more after the jump.

American Action Network: “3 Wishes”

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In an ad urging voters to “make Kathy Hochul go away” on November 6, the American Action Network attacks the first-term Democrat from New York, claiming she voted to raise taxes “almost 50 percent” and increase spending “even more.” But the ad’s citations make clear that it’s referring to Hochul’s time on the Hamburg, New York town board, and the increases in question occurred over the course of 13 years. In fact, when the town budget is adjusted for inflation, spending actually increased a mere 8.5 percent during Hochul’s service. The ad also claims Hochul “voted for the job-killing health care law” and to increase small business taxes. But Hochul wasn’t in Congress when the health care law passed, and she voted to preserve tax cuts on the middle class while ending them for top earners, few of whom are true small businesses.

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Americans for Tax Reform: “Tax Raising Politician Sean Maloney (NY-18)”

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Americans for Tax Reform targets New York congressional candidate Sean Maloney’s (D) support for ending the Bush tax cuts for the wealthy, which the group claims will hurt small businesses and kill jobs. However, conservatives rely on a dubious definition of “small business,” and allowing the top tax bracket to return to its pre-Bush level would not affect many actual employers. In addition, ATR’s charge that phasing out the tax breaks would cause job losses is based on a flawed study that assumes the revenue will not go toward deficit reduction, which is exactly what Maloney and other Democrats have proposed.

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Americans for Tax Reform: “Charlie Wilson – Boxer”

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Grover Norquist’s anti-tax organization, Americans for Tax Reform, released an ad blaming Rep. Charlie Wilson (D-OH) for the country’s spending and debt. The ad derides the bipartisan bank bailout, which helped avoid an economic depression, and the Recovery Act without mentioning the conditions that made both actions necessary. The ad’s emphasis on the debt is disingenuous given Norquist’s rigid “Taxpayer Protection Pledge,” which commits signers to oppose tax increases and undermines any balanced solution to the nation’s fiscal troubles.

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American Crossroads: “Four More”

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American Crossroads looks forward in its latest ad, warning viewers that President Obama’s second-term plans will bring tax hikes on small businesses, job losses, and higher debt. In reality, Obama wants to extend tax cuts for the middle class while phasing out tax breaks on income above $250,000. That would reduce deficits without harming job creation, and the flawed study that American Crossroads cites to claim otherwise does not actually address Obama’s proposal. Meanwhile, the ad also claims that Obama has “nothing to show” for his first term, ignoring the economic disaster he inherited and the 4.7 million new private-sector jobs created over the last 31 months of growth.

Read more after the jump.

NRA Political Victory Fund: “Chipping Away”

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In an ad that provides no details or citations, the National Rifle Association claims an unspecified “they” are “attacking our Second Amendment rights” before urging voters to support the Romney/Ryan ticket. But despite conservative fears, the only gun laws President Obama has signed expand – rather than restrict – gun rights. The ad’s other claims about “mountains of debt” and “new spending” are also misleading, since it was Bush-era policies and the recession that drove up the debt and spending growth under Obama has been low.

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Crossroads GPS: “Vision”

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In an ad accusing Sen. Sherrod Brown (D-OH) of casting votes that ‘cost Ohio jobs,’ Crossroads GPS misrepresents the American Jobs Act, the Affordable Care Act, and Brown’s vote to end the Bush tax cuts for top earners. The American Jobs Act would have boosted employment and GDP while cutting payroll taxes for workers and employers, paid for with a surtax only on millionaires, but all the ad says is that it’s a “tax increase.” To help pay for expanding coverage, the Affordable Care Act levies a small tax on medical device manufacturers, who are likely to see increased business thanks to the law. And the “new small business tax” is no such thing: Brown voted to preserve tax breaks for the middle class while ending them for top earners, few of whom are real “small businesses.”

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U.S. Chamber Of Commerce: “John Tierney”

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An ad from the U.S. Chamber of Commerce cites the Affordable Care Act, Wall Street Reform, and the Bush tax cuts to build the case that Rep. John Tierney (D-MA) has “one of the worst voting records for small businesses.” But Tierney voted against various efforts to extend provisions of the Bush tax cuts because Republican plans routinely involved giveaways for the wealthy at the expense of the deficit, while the health care reform law includes tax credits for small businesses and Dodd-Frank targets large firms, not small banks.

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U.S. Chamber of Commerce: “IL-11 Can’t Afford Bill Foster”

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The U.S. Chamber of Commerce relies on stale misinformation to attack former Rep. Bill Foster’s (D-IL) positions on health care and tax policy. To support the claim that Foster’s support for the Affordable Care Act means “job-killing regulations on our small business owners,” the Chamber cites a Gallup poll that did not actually mention the health care law at all – and which identified weak consumer demand as the main obstacle to hiring. Furthermore, the Chamber dishonestly claims that ending the Bush tax cuts for the wealthy will hurt job-growth, citing a flawed study that the Chamber itself commissioned.

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U.S. Chamber Of Commerce: “Louise Slaughter – Wrong Way”

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The U.S. Chamber of Commerce attacks Rep. Louise Slaughter (D-NY) over her vote for the Affordable Care Act and against a bill to extend the Bush tax cuts for top earners. What the ad doesn’t mention is that the health care law, which doesn’t raise taxes on most Americans, makes tax credits available to millions of small businesses. Meanwhile, although Slaughter opposed tax giveaways for the top 2 percent of earners, she has since supported extending the Bush tax cuts for the middle class.

Read more after the jump.