For the first time face-to-face, President Obama and Governor Mitt Romney had plenty to say in Wednesday night’s first presidential debate. But how much of it was true? Fox59 is putting the facts to the test.
First, on taxes, and spending:
That’s false, for the most part. Fact checkers who’ve analyzed Romney's proposed 20 percent rate cut said it would mean $480 billion in lost revenue every year, So that $4.8 trillion figure is really over a decade's time ($480 billion x 10). Romney hopes to offset that loss with closed loopholes and deductions, but hasn't gotten into specifics, despite being pressed on the issue by President Obama.
Governor Romney: “We're now spending 42 percent of our economy on government.”
That's true, according to the Organization of Economic Cooperation & Development, though government-issued figures do have that number slightly lower, in the mid-to-high 30’s.
The candidates also sparred on the president’s health care initiative.
Governor Romney: “It puts in place an unelected board that's going to tell people ultimately what kind of treatments they can have.”
That's mostly false. Fact checkers said the health care board could make broad decisions on how much the government spends for different types of services, but not on individual treatment plans.
President Obama: “The fact of the matter is, we used the same advisers, and they say it's the same plan.”
That's mostly true. A former Romney advisor did call “Romney-care” the blueprint for “Obama-care,” a term both candidates used freely during last night's debate.