The BIG Lie -- "Your taxes will go up!"

John McCain, running ever deeper into the red of lies stacked on lies, is mounting a new series of advertisements making a claim what must seem to GOP voters like an evergreen: his opponent Barack Obama is a "tax and spend liberal" and that your taxes will go up under a President Obama.

But is there truth behind the claim?

For those who earn under about $227,000 a year, McCain's claim is a whopper, blatantly inaccurate.

For someone in the bracket of $161,000 a year and $227,000, the average tax bill will decrease an average of $2,789 per year under Obama's supposed "tax and spend" budget.


How about those 'unlucky' enough to earn between $227,000 a year and $603,000 a year (well more than a half million dollars a year, mind you)?

Surely their taxes will go up under Obama! Right?

Yes... on average, their taxes will be 12 dollars a year more than current rates. A 12 dollar yearly increase for someone making a half-million a year... quite the onerous ax burden, eh?

CNN: What they'll do to your tax bill


File under: McCain Desperation