
Originally Posted by
mannyamador
More on claims and facts in the Palin-Biden debate...
TAX CUTS FOR RICH
Sen. Joe Biden, the Democratic vice-presidential nominee, said Sen. John McCain was proposing $300 billion a year in tax cuts for corporations and wealthy individuals. Sen. Barack Obama said the same thing in the presidential debate last Friday.
The figure is based on calculations from the Obama campaign and from the non-partisan Tax Policy Center. They looked at McCain tax proposals beyond the extension of the tax cuts passed early in the Bush administration, which cost roughly $110 billion a year.
The policy center said it could not put a precise dollar figure on the McCain proposals because the senator's tax plan was not fully detailed and it was impossible to calculate how much of the tax relief would go to middle-class and low-income taxpayers.
The Obama campaign has used the $300 billion figure for months, but it is based on suppositions and projections, not fact.