The Yoga Debate

The facts were stretched and manipulated on both sides during the first and only vice-presidential debate. Here are a few of the highlights from the side I want to lose – President Vice-President Cheney mislead in the following ways:

“Cheney accused Kerry of voting for taxes 98 times. That’s down from the 350 times wrongly claimed by Republicans, but it’s still a stretch. Those 98 votes include times when Kerry voted for lower taxes — but not as low as Republicans wanted. And times when many procedural votes were cast on a single tax increase or package.” [Source: CNN]
“Cheney suggested that an agreement had been reached on debt relief for Iraq, saying that “the allies have stepped forward and agreed to reduce and forgive Iraqi debt to the tune of nearly $80 billion, by one estimate.” While there are reports of some sort of agreement, no plan has been made public. Cheney also said that allies had contributed $14 billion in “direct aid.” Actually, $13 billion was pledged, but only $1 billion has arrived.” [Source: MSNBC]

And Cheney and Edwards have met before… a couple times.
Unfortunately even some of the “fact checking” articles at some news sites are getting the facts wrong. Take this from MSNBC:

“Edwards asserted that “millionaires sitting by their swimming pool … pay a lower tax rate than the men and women who are receiving paychecks for serving” in Iraq. President Bush last year cut the tax rate on dividends to 15 percent, whereas most soldiers would be in a 15 percent tax bracket — and pay an effective rate much less after taking deductions for children and mortgages.”

What this “analysis does not understand or state is that the millionaire by the pool does not make all his money via income from a paycheck as does the common worker or soldier. The millionaire’s income comes in large part from dividend on investments which are taxed at a far lesser extent – 9% or below. In many cases this results in the injustice of our taxation system where someone making $60,000 a year gets taxed at a 30% rate where someone bringing in millions in dividends and capitol gains pays a much lesser %.
That’s all I want to say for now but be sure to follow the Vice-President’s instructions and go to, FactCheck.com. đŸ™‚

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One response to this post.

  1. Fact check dot huh? đŸ™‚

    “During last night’s vice presidential debate Dick Cheney pleaded exoneration by third-party neutral on the topic of Halliburton. “Go to factcheck.com” he said. Oops. He actually meant http://www.factcheck.org, an independent Web site run by the Annenberg fou…

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