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The conservative group is misleading about Jacky Rosen’s vote on the Inflation Reduction Act and taxes

The conservative group is misleading about Jacky Rosen’s vote on the Inflation Reduction Act and taxes

A conservative political group tied to the Republican strategist and former White House deputy chief of staff Karl Rove claims in a TV ad that U.S. Sen. Jacky Rosen, D-Nev., voted to raise taxes on families making less than $75,000 a year.

“Housing. It’s a basic need for everyone. But many Nevadans struggle to afford it,” says a narrator over photos of Rosen. “Sen. Jacky Rosen voted to raise taxes on families making less than $75,000 a year, making it harder to afford rent or mortgages.”

The One Nation ad is part of a nearly $6 million worth of ad buys against Rosen, who is running for re-election against Republican former Army Capt. Sam Brown in a race that could decide control of the Senate. One Nation has released three other ads since June, all of which say Rosen voted to raise taxes on families making less than $75,000.

The ad copy cited Rosen’s vote for the 2022 Inflation Reduction Act. (We reached out to One Nation for comment through its website and the law firm listed on its 2022 IRS Form 990 and did not receive a response.)

Rosen’s campaign spokeswoman Johanna Warshaw pointed to several fact-checks by Police fact and other news channels to found similar claims deceptive. The One Nation ad is also misleading.

The Inflation Reduction Act was a broad spending bill that included new taxes but did not raise personal income taxes. It targeted tax increases on large corporations and wealthy money managers through a combination of new taxes and reduced loopholes. For example, companies earning more than $1 billion in profits will pay a new corporate tax rate of 15%.

Alex Durante, an economist at the Tax Foundation, a tax policy think tank, said businesses could pass on increased tax burdens to consumers through higher prices and employees through lower wages and reduced benefits, but those changes could be offset by credits in the Inflation Reduction Act, such as for green energy and healthcare allowance.

Republican-backed groups making claims similar to the One Nation ad have relied on a 2022 Joint Committee on Taxation Inflation Reduction Act analysis which showed an increased tax burden in each bracket. However, that analysis did not include other money-saving provisions in the law, including:

  • Tax deductions for new and used electric vehicles.

  • Tax credits for green energy improvements.

  • The American Rescue Plan extension extended Affordable Care Act subsidies through 2025.

  • Allows Medicare to negotiate drug prices directly with pharmaceutical companies.

Another independent analysis from the Urban-Brookings Tax Policy Center showed that any tax changes affecting the bottom 80% of taxpayers are extremely small.

Our decision

A One Nation ad said Rosen “voted to raise taxes on families making less than $75,000 a year.”

Rosen voted in favor of the 2022 Inflation Reduction Act, which raised taxes on high-income earners and large corporations. The law did not raise taxes for people earning less than $75,000 a year.

Some of the higher tax costs for wealthier entities may be passed on to consumers and employees, but those changes are likely to be offset by the law’s credits and other money-saving provisions. Independent analyzes have found that taxpayers in that income range are likely to see little change in what they pay in taxes.

We rate the claim mostly false.

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