- The McCain campaign's oft-repeated assessment of Obama's tax proposals is based, in several instances, on outdated material that has been widely debunked. Obama has said his plan would raise taxes on single people making more than $200,000 and couples making more than $250,000, which by all measures doesn't add up to middle class.
- The ad's most specific assertion - Obama voted to raise taxes on people making $42,000 - is based on a nonbinding Senate budget resolution early this year that the Bush tax cuts of 2001 and 2003 be allowed to expire in 2011 as scheduled. Obama has criticized the Bush tax cuts and called for ending them for the wealthiest taxpayers.
- The broader charge that Obama promised more taxes on small businesses, the elderly, "life savings" and families - what the McCain campaign called "painful taxes" resulting in "hard choices for your budget" - is based on an overly broad reading of the Obama budget plan.
- The ad continues the McCain campaign argument that Obama is a celebrity. By showing no men, the ad makes its appeal directly to women, a group polls show leans toward Obama. By saying Obama is not like "the rest of us," the spot also adds to what Obama contends is part of the GOP effort to make voters fearful of him personally.
*Update
Obama Camp has awesome video up picking apart McCain's latest lies.