Emphasis added is a very important feature of this critique, for it spells out the differences for which PolitiFact’s critics think it can be rebuked.
PolitiFact Virginia’s fact-check reads as follows (emphasis added): that Robert C. “Bobby” Scott (D-Va.) claimed “The tax-cut deal [Tax Cuts Compromise] ‘adds more than $800 billion to the deficit over two years -- more than the cost of TARP and more than the cost of the Recovery Act’ and about the same as health care reform.” It ruled his statement Mostly True.
Robert C. "Bobby" Scott (D-Va.) actually said in his statement: (emphasis added)
But Bryan White finds his loophole in the second paragraph: (emphasis added)“This bill adds more than $800 billion to the deficit over two-years – more than the cost of TARP and more than the cost of the Recovery Act. It costs about the same over two years as the 10 year cost of the Health Care Reform bill, which we paid for." …
“We cannot add more than $800 billion to the deficit through tax cuts and tell the American people with a straight face that they won’t have to sacrifice anything in the future to balance the federal budget. If we didn’t have the political will to end the Bush-era tax cuts tonight, we certainly won’t have the political will to do it two years from now during a presidential election.”
According to Bryan, it’s “tax cuts” only that adds $800 billion to the deficit, and not “the bill”, and since it’s only tax cuts, the $800 billion is incorrect and also less, not more than the cost of the TARP, ARRA and the HCR bills. Note (1) That it is the bill he says adds more to the deficit than TARP and the Recovery Act, and that IT (the bill) costs about the same as HCR; and that (2) Scott initially calls it “the bill” and then (in the second paragraph) refers to it as tax cuts. It appears Scott is using “the bill” (or “tax deal” as PolitiFact refers to it) interchangeably with tax cuts. He could be talking about either one or both. Maybe he just didn't want to get into all the detail, since even Bryan admits, 90% of it was tax cuts. So PolitiFact writer/researcher Wes Hester chooses (or as Bryan would say, selects “with bias”) the FIRST description—bill—the beginning subject line for the statement--but Bryan thinks it should be the second paragraph “context” line, which is “tax cuts”. Further aggravating the rhetoric is PolitiFact referring to the bill (or tax cut) as “tax deal” in its title which Bryan uses to further his cause.
As a believer in the “Laffer” curve, I find it troubling that the tax cuts, as they were originally put in place in 2001 and 2003, failed to increase tax revenues, and job creation remained flat. So, while there may be some economic recovery, there will likely be no “payback” for this tax compromise. This means in terms of “offsets” to cost, the TARP and HCR contain more “offsetting” factors than the Tax Compromise, while the ARRA is about the same, i.e., it’s hard to tell.
