Archive for the ‘Right-Wing Lies’ Category

Right-Wing Lies: Robert Reich On Corporate Tax Rate Reform

photo by HarvardEthics (Flickr)

Robert Reich is always an interesting read, and he regularly offers up great mini articles in the form of Facebook status updates. Today Reich gives us four “right-wing whoppers about corporate taxes.” 1. The U.S. corporate tax rate of 35% is one of the highest among advanced countries. True but misleading. The effective corporate income-tax rate – what corporations actually pay after all deductions, credits, and loopholes – is 27.7%, close to the average of all rich countries (27.2%). You will rarely hear a fiscal conservative offer up the effective corporate tax rate. Why? — It would hardly help them make…
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CHART: The Conservative ‘Big Government’ Lie – U.S. Residents per Public Sector Worker

U.S. Capitol

Conservatives loathe “big government.” I mean, they hate it with a passion. But their antipathy for big government is manufactured from a false pretense that larger government leads to smaller individual liberty. It’s hard to believe something as complex as the United States government, in a country with a population over 300 million, could be boiled down to a zero sum game of government vs. liberty, but that’s conservative logic for ya. And because we know many conservatives have no problem meddling in the lives of others on issues like abortion, welfare, and food stamps, then it must be the…
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The Lie: Mitt Romney Says He Doesn’t Have a $5 Trillion Tax Cut

THE LIE – During the first presidential debate of the 2012 election, Republican challenger Mitt Romney said, “I don’t have a five trillion dollar tax cut. I don’t have a tax cut of the scale that you’re [President Obama] talking about. My view is that we ought to provide tax relief to people in the middle class.” THE TRUTH – This is a two-prong lie. First, the amount of the tax cut. Second, who gets the greatest benefit of the tax cut. 1. The amount of the tax cut. The Tax Policy Center says that Romney’s proposed 20 percent across-the-board tax cut…
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The Lie: Obama’s Free Rein Democratic-Controlled 111th Congress

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THE LIE Republicans say President Obama had a Democratic majority in congress during his first two years as president, and this much is true. Republicans also say that Obama had free rein to pass anything he wanted during that 111th Congress when Democrats held control of both the Senate and the House, but is this true? THE TRUTH What Republicans don’t tell you is that they have filibustered nearly everything that President Obama and Democrats have tried to do since the moment Obama took office in January 2009. Because of the threat of Republican filibuster, that means Democrats needed a…
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The AAA Credit Rating Lie: Is Obama Responsible for the S&P Downgrade?

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THE LIE This is a lie told by many, but let’s use the words of the Republican vice presidential nominee. Paul Ryan said during his Republican National Convention speech on Wednesday that Obama’s presidency “began with a perfect triple-A credit rating for the United States; it ends with a downgraded America.” The obvious implication being that Obama is responsible for the downgrade. But is President Obama really culpable for the Standard & Poor’s credit rating downgrade? THE TRUTH The Bush tax cuts and the Republican refusal to raise taxes (to reduce the deficit) is the real reason S&P downgraded the credit…
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