Issues: Taxes

U.S. Chamber Of Commerce: “Tammy Baldwin – Failure”

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The U.S. Chamber of Commerce accuses Wisconsin Rep. Tammy Baldwin of ‘making it worse’ for Wisconsin families by voting for the Dodd-Frank wall street reform bill and for health care reform, making false accusations about the legislation in the process. For instance, Dodd-Frank regulations target large firms in order to help prevent another financial sector meltdown — not, as the ad claims, small businesses. And the claim that Affordable Care Act — which won’t raise taxes for most Americans – is a job-killer has been debunked.

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U.S. Chamber Of Commerce: “Bill Nelson – Deciding”

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An ad from the U.S. Chamber of Commerce attacks Florida Sen. Bill Nelson as a “deciding vote for government-mandated health care,” although he was just one of 60 senators whose votes in favor of the health care reform law counted equally. The Chamber also throws out a series of distortions about the law, saying, for example, that it will cost taxpayers “over $1 trillion,” even though it reduces the deficit, and misusing information about how the law will expand coverage and achieve Medicare savings.

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U.S. Chamber Of Commerce: “Tim Kaine – Wrong Track”

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[NARRATOR:] Tim Kaine’s big government policies would take Virginia down the wrong track. Here’s what the Kaine train looks like: As governor, he proposed billions in new taxes, supported increasing regulations on business, and higher energy costs for families. Kaine continues to support the government health care mandate. As senator, Tim Kaine would derail Virginia’s recovery. Virginia needs jobs, not Tim Kaine and his big government policies. [U.S. Chamber of Commerce via YouTube, 7/26/12]

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Crossroads GPS: “Hiding”

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Crossroads GPS criticizes North Dakota Senate candidate Heidi Heitkamp for supporting the Affordable Care Act, even though, according to the ad, the “Supreme Court ruled Obamacare is a massive increase on working families.” Of course, while the Supreme Court ruled that the law’s requirement that people obtain health insurance or pay a small penalty is constitutional under Congress’ taxing power, the decision did not say anything about how the provision would affect working families. In reality, the Affordable Care Act does not directly raise taxes on most working Americans, and it will actually provide tax relief for millions. The ad also misleads on the law’s Medicare savings – which do not ‘cut’ seniors’ benefits – while failing to mention that Heitkamp’s opponent voted to preserve nearly all of those spending reductions.

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Crossroads GPS: “Calendar”

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An ad from Crossroads GPS suggests that Rep. Martin Heinrich (D-NM), who is running for the Senate, is responsible for an “explosion” in debt since he took office. But the main drivers of the debt in recent years are Bush policies, such as tax breaks for the wealthy, and the recession – not policies that Heinrich voted for since he took office in 2009. In fact, the Recovery Act helped prevent an even worse economic collapse, and the Affordable Care Act reduces the deficit.

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U.S. Chamber Of Commerce: “Congressman Heinrich Says He’s Standing For New Mexico Families”

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An ad from the U.S. Chamber of Commerce attacks New Mexico Senate candidate Martin Heinrich for allegedly voting to raise energy costs “by nearly $1,000 per year” and opposing “American energy exploration.” It’s true that Heinrich voted in the House for the American Clean Energy and Security Act, but nonpartisan experts concluded that the bill would have a minimal cost to consumers. Meanwhile, Heinrich’s “energy exploration” vote was against speeding up the process to restart drilling permits just a year after the Deepwater Horizon spill, when safety reviews were still being conducted.

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U.S. Chamber Of Commerce: “Sherrod Brown – Own It”

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In an ad going after Ohio Senator Sherrod Brown, the U.S. Chamber of Commerce complains that Brown supported the Affordable Care Act’s “higher taxes,” even though the health care law won’t raise taxes on most Americans and provides tax credits for millions. Citing Brown’s votes in favor of the Wall Street reform law and against a bill to increase drilling leases, the Chamber accuses the senator of supporting more regulations and opposing energy exploration, ignoring the devastating financial collapse and the Deepwater Horizon accident that had occurred just a year before.

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Fiscal Frauds: Conservatives Support Policies That Blew Up The Debt

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From the Heritage Foundation to the American Enterprise Institute (AEI) to purely political organizations like FreedomWorks and the Club for Growth, nearly the entire infrastructure of the right criticizes President Obama for the current state of our national debt. It is instructive to look back on these groups’ positions on the two primary drivers of both recent and future deficits: President Bush’s tax cuts and the expansion of the war on terror to Iraq. AEI, Heritage, and the Hoover Institution may be debt hawks now, but their roles in pushing the costly and misguided invasion of Iraq began almost before the wreckage was cleared at Ground Zero in New York City. And while it’s unremarkable that conservative institutions would support reducing taxes, the promises made in debate over the Bush tax cuts by Heritage, Americans for Tax Reform, and the like fly in the face of their current griping about our indebtedness.

Conservative Institutions Blame President Obama’s “Spending Binge” For Rising Debt

HERITAGE FOUNDATION

Heritage Foundation Decries Obama’s “Vision” Of “Deeper Deficits.” From the Heritage Foundation’s response to President Obama’s budget proposal for fiscal year 2013: “The Administration’s apparent vision is one of bigger government, more spending, higher taxes, and deeper deficits. At a time when runaway spending and swelling deficits must be reversed, President Obama increases both.” [Heritage.org, 2/28/12]

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Crossroads GPS: “Suffered”

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Crossroads GPS attempts to link “three years of crushing unemployment” to President Obama’s “failed” investments in clean energy through the Recovery Act. In addition to misrepresenting the program that provided loans for Solyndra and other companies, Crossroads GPS conveniently overlooks what really ‘crushed’ the job market: a historically devastating recession that was destroying hundreds of thousands of jobs per month when Obama was inaugurated. Since then, the avalanche of job losses has turned into steady growth, with the private sector gaining 4.5 million jobs over the last 29 months. The ad also blames Obama for the rising debt without noting the disastrous fiscal impact of Bush policies, such as tax breaks for the wealthiest Americans, and the recession.

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“Freeloaders” Far From Tax-Free: Examining The Tax Burden Of Low-Income Americans

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In their determination to prevent any tax increase for the wealthiest Americans, conservatives have argued that the real unfairness of our tax code is that approximately half the country did not pay income taxes in recent years due to their earnings levels and the tax credits aimed at middle- and low-income families. Though conservatives frequently describe these people as paying “no taxes,” the reality is that income taxes are only one facet of the tax code. Most of those without income tax liability still face the payroll tax, federal excise taxes, and state and local taxes. Meanwhile, one in four American millionaires paid a lower tax rate in 2006 than did 10.4 million middle-income Americans.

Despite Not Earning Enough To Incur Federal Income Taxes, Middle- And Low-Income Americans Do Pay Federal Taxes

Payroll And Excise Taxes Affect Americans At All Income Levels. From the Center on Budget and Policy Priorities:

The reality is that the income tax is one of a number of types of taxes that individuals pay, both over the course of their lifetimes and in a given year, and it makes little sense to treat it as though it were the only one that matters. Some 86 percent of working households pay more in payroll taxes than in federal income taxes. In fact, low- and moderate-income people pay a much larger share of their incomes in federal payroll taxes than high-income people do: taxpayers in the bottom 20 percent of the income scale paid an average of 8.8 percent of their incomes in payroll taxes in 2007, compared to just 1.6 percent for taxpayers in the top 1 percent of the income distribution (see Figure 2).

cbpp-taxes-low-income

[CBPP.org, 5/31/11, internal citations removed]

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