Obama Campaign
“Romney would give millionaires another tax break and raise taxes on
middle-class families by up to $2,000 a year.”
Reality: Romney hasn’t specified how he’d pay for marginal tax cuts he says he’d give all Americans. The nonpartisan Tax Policy Center concluded that he would have to close tax loopholes that benefit the middle class to do so
Verdict: The accusation is speculative
“Obama has ‘a balanced plan to reduce our deficit by $4 trillion over the
next decade.'”
Reality: Obama counts $1 trillion in budget cuts that have already been signed into law, some $850 billion from foreign wars already set to end and substantial savings from tax increases
Verdict: The plan relies heavily on budget gimmickry
“The way Bain Consulting reorganized cost the government and American
taxpayers $10 million.”
Reality: Bain wrote off $10 million in debt to a failed bank at the expense of the FDIC, which is funded by banks. Taxpayers paid nothing
Verdict: The charge is untrue
Romney Campaign
“Romney’s plan? Reverse Obama’s defense cuts, strengthen our military,
create over 700,000 jobs for Florida.”
Reality: The cuts are part of a 2011 debt-reduction deal agreed to by the White House and congressional Republicans, including Paul Ryan
Verdict: Blaming Obama alone for the cuts is misleading
“Where did all the Obama stimulus money go? … Electric cars from Finland.”
Reality: The Administration made a $529 million loan to Fisker Automotive, which has a plant in Finland, but the money moved through a Bush-era program, not the stimulus. In any case, much of the money has been spent in the U.S.
Verdict: The claim is misleading