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Rebutting Obama's "100 Days" Press Conference Claims on Taxes, Jobs

By on 4.29.09 @ 8:06PM

During his press conference tonight, Obama made claims on taxes and jobs that invite rebuttal:

Obama Claim:

"We began by passing a Recovery Act that has already saved or created over 150,000 jobs and provided a tax cut to 95% of all working families."

Rebuttal:

First, cutting taxes for "95% of all working families" is mathematically impossible.  Obama is referring to the "Making Work Pay" refundable tax credit, which took effect on April 1.  According to IRS data, one-third of all income tax filers don't have a federal income tax liability.  About 15 percent of all working families don't even have a FICA tax liability, and these numbers are before taking into effect all the new refundable tax credits of the Obama budget.  For these "working families," all Obama's budget will do is cut them the equivalent of a welfare check.

Second, there is no intellectually honest way to measure "saved or created" jobs.  As Senate Finance Committee Chairman Max Baucus (D-Mont.) said on March 4 to Tim Geithner:  "You created a situation where you cannot be wrong. If the economy loses 2 million jobs over the next few years, you can say yes, but it would've lost 5.5 million jobs. If we create a million jobs, you can say, well, it would have lost 2.5 million jobs," Baucus said. "You've given yourself complete leverage where you cannot be wrong, because you can take any scenario and make yourself look correct."

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Rebutting Obama’s "100 Days" Press Conference Claims on Taxes, Jobs | But As For Me links to this page. Here’s an excerpt:

…his press conference tonight, Obama made claims on taxes and jobs that invite rebuttal: Obama Claim: “We began by passing a Recovery Act that has already saved or created over… → Read full article… Rebutting Obama’s "100 Days" Press Conference Claims on Taxes, Jobs Leave a Reply Click here to cancel reply. Name (required) Mail (will not be published) (required) Website…

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Let Freedom Ring » Blog Archive » Pelosi vs. Pence links to this page. Here’s an excerpt:

…a lower Gross Domestic Product over the next 10 years than if the government had done nothing. This isn’t the only instance where fuzy math has been employed by the Obama administration. Here’s another example : Obama Claim: “We began by passing a Recovery Act that has already saved or created over 150,000 jobs and provided a tax cut to 95% of all working families.” When I saw the 150,000…

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California Conservative » Blog Archive » Pelosi vs. Pence links to this page. Here’s an excerpt:

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…over 150,000 jobs and provided a tax cut to 95% of all working families." First, cutting taxes for "95% of all working families" is mathematically impossible. Obama is referring to Read More World of Warcraft is one of the most popular games in the world, boasting over 11,5 million paying subscribers each month. The extremely successful MMORPG has captured the imagination of players across…

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…Work Pay" refundable tax credit, which took effect on April 1. According to IRS data, one-third of all income tax filers don't have a federal income tax liability. About 15 percent of all working [...] A strutting star of political theatre | Stuff.co.nz Finance Minister Bill English has accepted he cannot breathe life back into tax cuts, in the current cash-strapped crisis, and was last seen slipping…

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…Work Pay" refundable tax credit, which took effect on April 1. According to IRS data, one-third of all income tax filers don't have a federal income tax liability. About 15 percent of all working [...] A strutting star of political theatre | Stuff.co.nz Finance Minister Bill English has accepted he cannot breathe life back into tax cuts, in the current cash-strapped crisis, and was last seen slipping…

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