Is Mike Fallon a liar? You tell me. (Part 1)

by Ben Hoffman

Yesterday I posted Mike’s responses to some questions I sent his campaign manager. Today I’ll start fact-checking some of his answers.

1. Mike: “My opponent, Diana DeGette, is in a position of leadership in the U.S. House, yet the leadership broke for election recess without voting to extend the Bush era tax cuts for anyone.”
Ben: Republicans want to extend all the tax cuts. Obama and Democratic leaders in Congress want to extend them for individuals making more than $200,000 and married couples making more than $250,000. The Senate vowed to block any vote that didn’t extend all the tax cuts, including those for the upper 2%. Because of that, Harry Reid decided to delay the vote. Nancy Peloci then filed suit and delayed the vote in the House.

The real issue here is: why are the Republicans blocking tax cuts for the middle class? Their idea of “bipartisanship” is doing it their way or no way. That is hardly the fault of Diana DeGette.

2. Mike: On the Small Business Jobs and Credit Act of 2010: “I would have voted against it. I agree that the premise of the bill was a great idea — to free up capital to assist small businesses. But, I don’t believe the government should pick economic winners and losers.”
Ben: Tax cuts and small business loans are “picking economic winners and losers?” Seems like Mike’s ideology is getting in the way of doing something to create jobs and help small businesses.

3. Mike: On outsourcing jobs overseas: “This is a big concern of mine. Over the past few years, our country has become business unfriendly. We have the second highest corporate tax rate among developed countries in the world. […] To bring corporations back to the United States, as I mentioned, we should make corporate taxes fair, which would encourage investment and level the playing field.”
Ben: Corporate tax rates are graduated. The tax rate is 35% where taxable income exceeds $335,000. Below that, it is between 1 and 16%. With deductions, no corporations pay the 35% and many pay nothing. Some even get rebates! So reducing corporate taxes will do nothing to bring jobs back to the U.S.

More this evening…

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