OBAMA: Said oil companies "would get an additional $4 billion in tax breaks" under McCain's plan.
THE FACTS: The $4 billion in tax breaks for the oil companies is simply part of McCain's overall corporate tax reduction plan and does not represent an additional tax benefit. In other words, the corporate tax reduction applies to all corporations, oil companies included. Both Obama and McCain have proposed eliminating oil and gas tax loopholes.
MCCAIN: "I've been criticized because I called for the resignation of the chairman of the Securities and Exchange commission."
THE FACT: McCain did eventually call for the resignation of SEC Chairman Christopher Cox. But he first said that if he were president he would fire him, a step a president cannot take with the head of an independent regulatory agency. This is what McCain said on Sept. 18 during a rally in Iowa: "The chairman of the SEC serves at the appointment of the president and, in my view, has betrayed the public's trust. If I were president today, I would fire him."
MCCAIN: McCain said Obama voted to cut off money for the troops in Iraq.
THE FACTS: Despite opposing the war, Obama has, with one exception, voted for Iraq troop financing. In 2007, he voted against a troop funding bill because it did not contain language calling for a troop withdrawal. The Illinois senator backed another bill that had such language _ and money for the troops.
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