Fact Check: Obama's Biggest Truths and Burning Lies

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  • Mitt Romney Fully Endorsed Arizona Immigration Law
  • As Governor, Mitt Romney Had “One of the Worst Economic Records in the Country.”
  • Tax Loopholes Encourage Companies to Outsources Jobs
  • Romney Supports Employer's Moral Decisions Regarding Birth Control
  • Mitt Romney Paid Less Taxes Than You
  • BET.com fact-checks President Obama
  • Romney Wants to Add $2 Trillion to Defense Budget
  • Obama Says Romney Wants $5 Trillion Tax Cut
  • Romney and Ryan Backed Laws Outlawing Abortion
  • Tax Rates for the Wealthy Won't Exceed 1993 Levels
  • Romney "Would Turn Medicare Into a Voucher Program."

Claim: Tax Loopholes Encourage Companies to Outsource Jobs  

True: In their first debate, Romney denied Obama's claim that there are tax "loopholes that are giving incentives for companies that are shipping jobs overseas." Politifact.com writes: "Independent analysts agree that firms with international operations can take advantage of tax loopholes that domestic firms cannot. Such tax laws might not be the deciding factor for companies to locate in foreign countries, but they make that choice more lucrative." 

(Photo: David McNew/Getty Images)

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