A Half-true Attack on McCain – FactCheck.org

Summary

The conservative anti-tax group Club for Growth targeted 2008 presidential hopeful Sen. John McCain with a TV ad in New Hampshire. It contains a half-true claim that McCain would “keep the death tax.” In fact, McCain has long advocated reducing the number subject to the tax, so that it falls only on the estates of multi-millionaires.

The ad also misleads viewers by saying, “when you die, the IRS can tax you again. Taking as much as 55 percent of everything you’ve saved for your children.” In fact, only estates exceeding $1.5 million currently pay any tax on that wealth. It fell on fewer than 1 percent of all Americans who died in 2004.