Claim: President Obama has repeatedly and falsely claimed that "right now, we're scheduled to spend nearly $1 trillion more" in tax cuts for the "wealthiest 2 percent of Americans." That's simply not true. The Bush tax cuts — which Obama and Congress extended for two years — expire at the end of this year, so any plans to "spend" beyond Dec. 31, 2012, would require Congress to act again. The White House told us that the president is referring to the $968 billion that "we save"
Fact-check: Obama's Trillion-Dollar Exaggeration - FactCheck.org
Verdict: president obama has repeatedly and falsely claimed that "right now, we're scheduled to spend nearly $1 trillion more" in tax cuts for the "wealthiest 2 percent of americans." that's simply not true. the bush tax cuts — which obama and congress extended for two years — expire at the end of this year, so any plans to "spend" beyond dec. 31, 2012, would require congress to act again. the white house told us that the president is referring to the $968 billion that "we save"
Organisation: FactCheck.org
Author: Eugene Kiely
Date published: 2012-02-15T17:22:32