FactCheck.org: A Bogus Tax Attack Against Obama from Crossroads GPS
The latest multimillion-dollar attack ad from Crossroads GPS claims President Obama broke a promise to not increase taxes for families making less than $250,000 a year. Thats almost entirely false.
The truth is that Obama repeatedly cut taxes for such families, first through a tax credit in effect for 2009 and 2010, and beginning in 2011, through a reduction in the payroll tax that is worth $1,000 this year to workers earning $50,000 a year. And while its true that some tax increases contained in the new health care law would fall on individuals, they have mostly not taken effect yet and are small compared with the cuts the president already enacted. And this ad exaggerates them greatly.
The ad titled Obamas Promise lists several pledges that it claims the president has broken. The worst distortion it contains one we havent addressed in this campaign is an almost entirely groundless assertion that he broke his often-repeated promise not to raise taxes on persons making less than $200,000 a year, or couples making less than $250,000.
The Crossroads GPS ad simply ignores these very real tax cuts and points to the health care law instead. To back up the claim that 18 taxes are being raised, the ad cites on screen an analysis by the conservative Heritage Foundation.
But of the $503 billion in taxes listed by the Heritage document, $210 billion falls specifically on individuals making more than $200,000 a year, or couples making over $250,000. And we count another $190 billion that falls only on businesses, including corporations in general, or in particular on health insurance companies, pharmaceutical manufacturers and importers, makers of medical devices and even producers of biofuels.
http://factcheck.org/2012/05/a-bogus-tax-attack-against-obama/
Much more at the link. I know it's not exactly a news flash that republicans lie.