Does Barack tell the truth?

"Every dollar that I've proposed, I've proposed an additional cut, so that it matches." Barack Obama, October 15 Presidential Debate.

The Committee for a Responsible Federal Budget estimates that his programs will add $281 billion to the deficit at the end of his first term. That means that of the approximate 136,000,000 tax returns filed every year every one would see an increase of $2066.18 to cover the deficit. But wait -- of the 136,000,000 returns filed, 43.4 million pay no taxes. So that means the 92.6 million of us who do would see an increase of $3,034.56 to cover Barack's deficit. Anyone who knows politicians know they rarely "cut" anything -- "cut" is politicianese for "raise somebody's taxes."

"I want to provide a tax cut for 95 percent of working Americans, 95 percent." Barack Obama, October 15 Presidential Debate.

As stated above, only 68.1 percent of tax filers pay taxes anyway. When he says tax cut for 95 percent, he means he will raise taxes on those who pay to give tax credits to those who don't -- his "spread the wealth" plan. Even if you take his statement at face value, the Tax Policy Center says his plan cuts taxes for 81.3 percent of households -- not 95 percent.

Does Barack tell the truth?

"Fact Check The presidential debate." The Dallas Morning News; October 15, 2008; p. 16A.
http://www.taxfoundation.org/research/show/1410.html