CTJ: McCain advisor admits ads about Obama's tax plan are misleading

From the Citizens for Tax Justice:

McCain Campaign Continues to Mislead About Obama's Tax Proposal -- and McCain's Chief Economics Adviser Admits Their Commercials Are Wrong

For someone who wants to make the Bush tax cuts permanent for all but the richest 2 or 3 percent of Americans, and add on top of that a lot of new tax cuts for middle-class Americans, it's surprising how often Senator Barack Obama is accused of proposing "painful tax increases" on American "families." Nonetheless, the McCain campaign has tried to paint Obama as a major tax-hiker. The most damning aspect of these statements is that the chief economic adviser to Senator McCain has acknowledged that the Obama tax plan does not raise taxes. TIME's Michael Sherer wrote, back in July: "Here is Douglas Holtz-Eakin, McCain's chief economic policy adviser. 'I used to say that Barack Obama raises taxes and John McCain cuts them, and I was convinced,' he told me in a phone interview this week. 'I stand corrected [about Obama's plans].'"Read More