Campaign '04: The Debates: WHO STRETCHES THE TRUTH?

JOHN KERRY ON ...

TAXES "The President got $84 from a timber company that [he] owns, and he's counted as a small business."

Kerry responded to the charge that his tax plan would raise levies on "900,000 small businesses" by arguing that even the President would qualify as one, thanks to investment income. Kerry had a basis in fact, although an obscure one. Bush reported $84 in income in 2001 from an entity called Lone Star Trust, whose main business was oil and gas; it later listed a stake in a timber company.

WAR IN IRAQ "General Shinseki, the Army Chief...