AP reports that North Carolina-based RightChange plans to spend about $1.5 million criticizing Obama's tax plan in an ad that will run over the next two weeks on national cable networks, including Fox News Channel, CNN and CNN Headline News.
This one is recycling a long debunked July 29 Wall Street Journal op-ed piece by Michael Boskin, chairman of the Council of Economic Advisers under President George H.W. Bush. The column included some faulty assumptions about Obama's proposals. For example, it said Obama might place a new tax of up to 12.4 percent on earnings now exempt from the Social Security payroll tax. Obama has said his new tax would not exceed 4 percent, and it would apply only to annual incomes above $250,000.
It is also recycling the beyond cynical lying "out of context cut-n-paste use" of FactCheck.org's actual debunking of McCain's lying about Obama's tax proposals.
Fred Eshelman, a pharmaceutical executive -- former Senior VP for Glaxo & board member of Anton Phrama -- is the primary backer of Rightchange.com and is also a max-out donor to McCain, and has contributed more than $200,000 to Republicans since 2002.
Beyond the typical factual lying, it is the right wing faux populism style that really annoys me as in this video.
More Ugh on their website:
10 Things You Need to Know About Senator Obama’s Tax Proposals
Under the tax plans of Barack Obama and his Democratic friends in Congress, American families will only be left with... the change in their pockets.
In 2009, Barack Obama and the Democratic Congress have an idea for a bill. Well, really, it’s a lot of bills that will be paid for by nearly every American in the form of higher taxes and higher costs for food, energy and other products.
Tax Hikes Will Leave Middle Class Families with Little More than the Change in their Pockets
We hear a lot about "change", and it usually involves politicians making grand promises with other people’s money. That is, with our money.
Can America’s Small Businesses Afford the Wrong Change?
American small businesses are the largest engine for job creation and innovation in the nation today. Nearly 16 million people operate small businesses as their primary occupation each year, while collectively they employ more than half of our country’s private sector employees.10
Can America’s Seniors, and those Close to Retirement Afford the Wrong Change?
Millions of American seniors have worked hard, saved and invested their entire lives to ensure that they can enjoy and afford their golden years. Yet Senator Obama’s tax plan proposes to penalize those who have worked hard and achieved the American dream.
What the Wrong Change could Do to Our Jobs and Economy.
Improving the economy is a main issue for millions of Americans. History proves that a key driver of economic growth and prosperity is lower tax rates, which allow businesses to hire, buy goods and services, and make major investments in things like new equipment, automobiles and facilities.