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Myths and Lies
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Posted By: sally on 2008-09-06

McCain created the DoNotCall list:



  • Lie 8/17/08: "2003 – McCain led in creating the FTC’s ‘Do-Not-Call’ telemarketing registry"
  • Truth: FTC Chairman Tim Muris announced in October 2001 that the FTC was going to create the Do Not Call list

McCain co-authored the CAN-SPAM Act:



  • Lie 8/17/08: "2003 - McCain co-authored the CAN-SPAM Act to regulate the sending of unsolicited commercial e-mail (”spam”) 
  • Truth: According to the Library of Congress, three Republicans and four Democratic senators introduced the CAN-SPAM bill in 2003. John McCain was not one of them.

Obama would increase capital gains taxes on 100 million Americans



  • Lie 4/20/08: "Senator Obama says that he doesn’t want to raise taxes on anybody over — making over $200,000 a year, yet he wants to nearly double the capital gains tax. Nearly double it, which 100 million Americans have investments in — mutual funds, 401(k)s — policemen, firemen, nurses. He wants to increase their taxes."
  • Truth: "Investments contained in 401-K's (Or in the case of 'policemen, firemen' usually a 403-B), pensions, IRAs, tax deferred variable annuities, and similar retirement vehicles aren't subject to capital gains tax -- they're not taxed at all. Changing the capital gains tax rate will have zero effect on them. Withdrawals from tax deferred accounts by retirees are generally taxed at whatever the income tax rate is for that person at the time of withdrawal (Which, incidentally, is usually a heck of a lot more than the current long term capital gains tax rate, yet another way to rip off the middle class)." 


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