A new attack ad targeting three Democratic senators and one Republican criticizes “hidden taxes on … pensions and retirement accounts” in the financial regulation legislation being considered by Congress, and urges the senators to “vote against this phony financial reform.”

The ad gives a false impression. The Senate bill doesn’t contain the tax mentioned in the ad.

(It) is the work of a less-than-transparent group calling itself “Stop Too Big To Fail,” which says its $1.6 million ad buy is targeting senators in Nevada, Virginia and Missouri (Sens. Harry Reid, Mark Warner, Claire McCaskill and Kit Bond).

So begins a April 23, 2010 posting from Fact Check.org…
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