Economy

CNN Posts ‘Fact’ About McCain’s Lie That His Corporate Tax Cuts Will Create Jobs

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CREDIT:

Appearing on CNN’s post-debate coverage is a graphic with the text:

FACT: McCain says he would lower business taxes in order to encourage job growth.

McCain Corporate Cuts

McCain did say during the debates, “I want to cut that business tax. I want to cut it so that businesses will remain in — in the United States of America and create jobs.”

But the real fact is this: according to the Congressional Budget Office, a corporate tax cut “does not create an incentive for [corporations] to spend more on labor” and “is not a particularly cost-effective method of stimulating business spending.” And McCain opposes eliminating the tax loopholes that encourage companies to send jobs overseas.

CNN should have indicated it was posting a “fact” about a “lie.” Is that a lact? A flie?