The Congressional Leadership Fund wants New York voters to believe Rep. Kathy Hochul’s (D) support for ending the Bush tax cuts for the wealthy and her opposition to repealing Obamacare amount to “working with President Obama to raise taxes that hurt small businesses.” That isn’t true. In reality, allowing the Bush tax cuts on top earners to expire would reduce deficits without harming the economy or affecting many actual employers, and the Affordable Care Act offers tax credits to millions of small businesses.Read more after the jump.
Politicians & Pundits: Mitch McConnell
Crossroads GPS attacks Rep. Joe Donnelly (D-IN), who is running for Senate, over his votes in favor of a 2009 budget plan and the Affordable Care Act, which the ad suggests are harmful to small businesses. The non-binding budget resolution Donnelly supported cut taxes for middle- and lower-class Americans while letting the Bush tax cuts expire on top earners, few of whom are small businesses. The Affordable Care Act, meanwhile, contains tax credits for small businesses.Read more after the jump.
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.Read more after the jump.
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.Read more after the jump.
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.
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.”Read more after the jump.
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.Read more after the jump.
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.Read more after the jump.
The U.S. Chamber of Commerce’s attack on California congressional candidate Mark Takano is premised on two parallel deceptions about taxes. The first is the common Republican claim that ending the Bush tax cuts for the wealthy will hurt small businesses, an argument that only makes sense if you define some of the biggest corporations and richest athletes in America as “small businesses.” The second is more specific, relying on a misrepresentation of an already-dishonest study of President Obama’s tax proposals.Read more after the jump.
The U.S. Chamber of Commerce criticizes U.S. House candidate Brad Schneider (D-IL) for supporting “government-mandated health care” and accuses him of wanting “to hit our small businesses with higher taxes.” However, the Chamber relies on the false argument that ending the Bush tax cuts for the wealthiest Americans would have a significant impact on small businesses, when in fact it would reduce the deficit without harming the economy. The Chamber’s broader argument that taxes and regulations are holding back the economy is misleading, as the real key to job creation is increasing consumer demand.Read more after the jump.