The fact-checkers were busy after Wednesday’s presidential debate. Among the conclusions by the Washington Post: Mitt Romney’s math is wrong on his tax-cut plan (eliminating tax loopholes and deductions would not cover its cost); President Obama exaggerated his spending cuts; businesses can get a tax break for shipping jobs overseas (though the break is relatively small); the estimated $712 billion reduction in the growth of Medicare spending over 10 years doesn’t reduce benefits (and was included in the GOP budget plan approved by the House); the 50-year decline in health care costs cited by Obama is likely due to the bad economy rather than to his health care plan.
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