The ad [McCain's ad] is plain wrong about higher taxes on working families. In fact, Obama's economic plan would produce a tax cut for the majority of American households, with middle-income earners benefiting most. As for "years of deficits," exactly the same claim could be made about McCain's program. It's unlikely either Obama or McCain would balance the budget, and both are projected to increase the debt by trillions.
The ad also claims that Obama and congressional Democrats would bring about "years of deficits." But (and we've reported this before, too), the fact is both candidates' economic plans would fail to bring an end to deficit spending, and by that measure, McCain's is worse than Obama's. According to the TPC analysis, Obama's tax plan would increase the debt by $3.5 trillion by 2018, while McCain's plan would bring about a projected $5 trillion increase in the same time frame.