“McCormickâ€
— Sen. Bob Casey (D-Pa.), speaking to the camera in a new ad, released Oct. 10
The Senate race between Casey, the incumbent, and former hedge fund manager Dave McCormick is one of the closest in the nation and could determine control of the chamber. In this ad, Casey walks out of a bank vault as he complains that McCormickâ€
Then he does something unusual — he directly attacks McCormick as having “made clear heâ€
When Casey utters this line, the ad shows images of elderly people, and the small text citation reads “Americans for Tax Fairness, March 3, 2023.� Our antenna went up. The Fact Checker has covered budget and tax policy in Washington for more than three decades and had never heard of this group. Moreover, McCormick officially announced he was running for the Senate on Sept. 21, 2023 — so how would a report from six months earlier be relevant?
It turns out this accusation was made up.
The Facts
Americans for Tax Fairness, on its website, describes itself as a “diverse campaign of more than 420 national, state and local endorsing organizations united in support of a fair tax system that works for all Americans.â€� The staff have links to labor and other liberal organizations. But the tip-off that this is no ordinary think tank or research organization is that it says it is a project of the New Venture Fund — which is a liberal dark money group, meaning it disguises the source of its contributions. New Ventureâ€
The group has an affiliate, Americans for Tax Fairness Action Fund, funded by an entity connected to New Venture called Sixteen Thirty Fund. Because itâ€
Americans for Tax Fairness issues reports with some detailed analysis, but that citation in the ad was to a March 2023 “fact sheet� titled “Renewing The Trump Tax Cuts Benefits The Rich & Threatens Social Security, Medicare, Medicaid & More.�
The across-the-board tax cut that Congress approved in 2017 will expire at the end of 2025, which will pose a challenge for the next president and Congress. Former president Donald Trump wants to renew the tax cut and has proposed other tax breaks. Vice President Kamala Harris proposes to keep the tax cuts in place for people making less than $400,000 but end them for wealthier Americans — and also boost taxes on the super-rich. As weâ€
Caseyâ€
But this is a prediction — not a factual statement. Both Trump and Harrisâ€
The Casey campaign also pointed to comments that McCormick — a former senior Treasury Department official — made in 2022. Speaking at a meet-and-greet, McCormick noted that “we made promisesâ€� to “anybody in this room thatâ€
“I donâ€
To some extent, this is an unremarkable statement. Since 1995, the trustees of Social Security have warned, year after year, that a financing crunch would occur early in the 2030s, resulting in an immediate cut in benefits, unless Congress took action to address the problem. Thereâ€
As a fix, Democrats have favored raising payroll taxes or raising the income level subject to tax. Republicans have preferred raising the retirement age from 67 or changing the rate at which Social Security benefits are adjusted for inflation. For Republicans, higher taxes are a non-starter. For Democrats, a higher retirement age is unfair to workers who earn money through manual labor.
Trump, we should note, has ruled out any changes to Social Security. If heâ€
The Casey campaign also pointed to the fact that, as a Bush administration official, McCormick supported George W. Bushâ€
Asked for comment, the McCormick campaign directed us to remarks he made at an event in June: “We need to support our seniors in retirement. Let me be perfectly clear: Our government needs to keep its promises to protect Social Security and Medicare.�
This line is in keeping with his statement in 2022 — that some adjustments in benefits might be necessary for younger workers, but current benefits would be kept for people at or near retirement. Thatâ€
The Pinocchio Test
Itâ€
Casey claims that McCormick, in backing an extension of the Trump tax cut, “made clear heâ€
One could question whether adding to the budget deficit is a wise move in the face of the fiscal challenges. But thatâ€
Four Pinocchios
(About our rating scale)
Send us facts to check by filling out this form
Sign up for The Fact Checker weekly newsletter
The Fact Checker is a verified signatory to the International Fact-Checking Network code of principles