BARCARO.
>> I LIKE TO DRIVE.
I USED TO THINK I WAS A GOOD
DRIVER.
MATT: THIS AD IS FROM CLUB FOR
GROWTH ACTION, A CONSERVATIVE
POLITICAL ACTION COMMITTEE
OPPOSED TO JOE BIDEN’S
CANDIDACY.
IT RE-EDITS VIDEO THE BIDEN
CAMPAIGN PRODUCED SHOWING THE
FORMER VICE PRESIDENT DRIVING
HIS CLASSIC CORVETTE.
HERE’S THE FIRST CLAIM, BIDEN
-- >> BUCKLE UP FOR HIS $4
TRILLION TAX HIKE.
MATT: THAT IS TRUE BUT NEEDS
CONTEXT.
THE AD CITES A REPORT FROM THE
INDEPENDENT TAX FOUNDATION IN
APRIL THAT ANALYZED BIDEN’S TAX
PLAN
BIDEN IS PLEDGING TO RAISE TAXES
, BUT ONLY ON PEOPLE EARNING
MORE THAN $400,000 A YEAR AND ON
CORPORATIONS BY RAISING THE
CORPORATE TAX RATE FROM 21% TO
28%.
THE TAX FOUNDATION ANALYSIS SAYS
BIDEN’S TAX PLAN WOULD GENERATE
JUST UNDER $4 TRILLION OVER A
DECADE.
IN A RECENT INTERVIEW, BIDEN
PLEDGED THAT HE WOULD NOT RAISE
TAXES ON ANYONE EARNING FEWER
THAN $400,000 A YEAR.
ANOTHER CLAIM.
>> HE HAS PLEDGED TO ELIMINATE
BLUE-COLLAR OIL AND GAS JOBS.
MATT: THIS IS MISLEADING.
HE IS NOT FLAT-OUT PLEDGING TO
DO THIS.
THE CLAIM COMES FROM A
HYPOTHETICAL QUESTION BIDEN WAS
ASKED AT DEMOCRATIC DEBATE IN
DECEMBER.
HE ASKED IF HE WOULD BE WILLING
TO SACRIFICE SOME ECONOMIC
GROWTH EVEN IF IT DISPLACED BLUE
COLLAR WORKERS IN THE INTEREST
OF TRANSITIONING TO A GREENER
ECONOMY.
>> THE ANSWER IS YES.
YES, BECAUSE THE OPPORTUNITY FOR
THOSE WORKERS TO TRANSITION TO
HIGH-PAYING JOBS IS REAL.
MATT: BIDEN WENT ON TO SAY
DISPLACED WORKERS WILL BE NEEDED
FOR NEW,
ENVIRONMENTALLY-CONSCIOUS
INDUSTRIES, LIKE MANUFACTURING
ELECTRIC CARS AND OUTFITTING
HOMES WITH GREEN TECHNOLOGIES.
THE LAST CLAIM.
>> ANALYSTS ESTIMATE STOCKS
WOULD CRASH UP TO 25% IF BIDEN
TAKES THE WHEEL.
MATT: WHILE NO ONE CAN SAY HOW
STOCKS WILL PERFORM IN JANUARY,
THIS CLAIM IS TRUE IN THAT THE 2
ANALYSTS THE AD CITES HAVE
ESTIMATED A STOCKS DOWNTURN.
THEY WERE INTERVIEWED BY YAHOO
FINANCE IN JULY.
BOTH REFERENCED BIDEN’S TAX PLAN
AS A FACTOR THAT COULD CAUSE
STOCKS TO DROP.
BUT ONE OF THE ANALYSTS IS ALSO
QUOTED AS SAYING A CRASH MAY NOT
WORK OUT THAT WAY.
THAT IS AT LEAST THE THEORY.
OTHER ANALYSTS NOT CITED IN THE
AD ARE PREDICTING STOCKS COULD
RISE IF BIDEN WINS.
IF YOU SEE OR HEAR A POLITICAL
AD OR SEE A POST ON FACEBOOK OR
SOCIAL MEDIA AND WANT TO KNOW IF
IT’S TRUE, TAKE A SCREENSHOT AND
SEND IT TO US AT NEWS8@WGAL.COM
WE WILL BE FACT-CHECKING ADS
FROM ALL PARTIES, CANDIDATES AND
GROUPS UNTIL THE ELE
