Caught on Film: The Bush Credibility Gap
In addition, in February 2003 Congressional Democrats began to press this case, launching a campaign on the Bush ''credibility gap'' on budget matters.
LIE: In May 2003, President Bush signed into law tax cut legislation which excluded low and moderate income families from the expanded child tax credit. The White House promised to address this omission.
FACT: It has been over six months since the White House?’s promise and no action has been taken to date. (Democratic Senatorial Campaign Committee)
See Running Clock On Failure to Address Child Tax Credit: http://www.dscc.org/welcome/
LIE: During the campaign, Bush claimed that the ?“vast majority?” of the tax cuts go the ?“those at the bottom end of the economic ladder
FACT: The bottom sixty percentile received only 12.6 percent of the proposed tax cut, while the top one percent would receive almost half. (Franken ?– Lies and the Lying Liars Who Tell Them, Corn ?– The Nation 10.13.03)
LIE: The Bush administration reported a $158 billion deficit for 2002 by reporting expenses when paid not when incurred.
FACT: Had the Bush administration used accrual method of accounting as recommended by Federal Reserve Chairman Greenspan, the 2002 deficit would increase by 230% to $365 billion.
LIE: The Bush administration promised in late 2002 to repeal the loophole that allows US companies who incorporate off-shore in order to avoid taxes to receive contracts from the Homeland Security Department.
FACT: Bush has not taken any action on this issue. (Ackerman ?– Newsweek 07.28.03)
LIE: In light of his promise to keep Social Security in a lock box, the Bush administration promised to preserve surpluses ?“at least the size of the Social Security surplus?” as a ?“threshold condition of public finance.?”
FACT: Bush's 2004 budget requires the government to use the entire Social Security surplus to fund deficits over the next ten years. (Conrad & Spratt - Washington Post 02.04.03)
LIE: ?“To keep farms in the family, we are going to get rid of the death tax.?”
FACT: The American Farm Bureau Federation could not cite a single example of a farm
Peace
