The Conservative political group, Crossroads GPS has a second tv commercial up against Missouri Democratic Senate Incumbent Claire McCaskill.
She’s one of five incumbent Democrats up in 2012 Crossroads is campaigning again (see previous posts)
The group Factcheck.org says some of the ads points are “misleading or require context”:
The TV spots say the senators paid for “reckless spending” with “billions in new taxes.” That’s a reference to the health care law, according to Crossroads’ spokesman, Jonathan Collegio. It’s true that the health care law included $437.8 billion in tax revenue over 10 years, according to the Joint Committee on Taxation‘s calculations. Republicans tend to add in fees on individuals who don’t obtain health insurance and businesses that don’t provide it to bump that up to about $500 billion. Still, the ad gives a misleading view of the Democrats’ record on taxes. They have voted for hundreds of billions more than that in tax cuts.
Plus, the nonpartisan Congressional Budget Office has estimated that overall the health care law would reduce the deficit, by $210 billion over the 2012-2021 period (see Table 1), saving the government money, not adding to the debt. By that measure, at the same time these senators were voting for “billions in new taxes,” they were also voting for billions in deficit reduction. On screen, the ads also show the words “Healthcare Takeover: $1 Trillion.” That’s not the net effect of the law, and as we’ve said many times, the law doesn’t enable the government to takeover health care. It expands Medicaid, but also greatly expands business for private insurance companies by requiring individuals to have coverage.
Back to those tax cuts: The Joint Committee on Taxation calculated $326.4 billion in tax savings in the stimulus law — the American Recovery and Reinvestment Act — passed in 2009 with the support of all five senators targeted by the Crossroads ads. Among the many tax cut provisions in the stimulus was the Making Work Pay tax credit worth $116 billion to workers earning less than $75,000 in adjusted gross income ($150,000 for couples). These five Democrats also voted in support of Obama’s tax deal last December, which extended the Bush tax cuts and created a one-year payroll tax holiday that reduced workers’ Social Security taxes by 2 percent. The Joint Committee on Taxation said the tax savings in that legislation totaled $857.8 billion over 10 years.
Some may argue that extending the Bush tax cuts shouldn’t be counted as voting for or enacting a tax cut, since it’s an extension of the status quo. We’ll leave that debate to our readers. But we can say that of the $857.8 billion, the JCT said $363.5 billion was the cost of extending the 2001 and 2003 tax provisions. The rest of the cost included extending 2009 tax provisions ($44 billion), creating the payroll tax holiday ($111.7 billion), instituting relief for the Alternative Minimum Tax ($136.7 billion) and extending unemployment insurance ($56.5 billion).