Murphy’S Misleading: Scott Murphy’s Radio Ad Lies About Tedisco’s Support For Capping CEO Pay

Tedisco quoted in the Post Star on February 11 saying CEO compensation needs to be capped, Tedisco campaign calls on Murphy to take ad down

With just four weeks left in the race for New York’s 20th Congressional District, candidate Scott Murphy is getting desperate, running a negative radio ad that misleads voters about Jim Tedisco’s (R,C-Saratoga) support for capping the compensation of CEOs whose companies receive a financial bailout from taxpayers.

In a Post Star story on February 11, Tedisco said he supported capping CEO compensation. When asked in a phone interview by Post Star writer Maury Thompson on whether Congress should take a serious look at capping the compensation of CEOs, Tedisco is quoted as responding: “I think we have to cap it.” A copy of the Post Star article is attached with this press release.

In the story, Tedisco continued: “at some point they have to be capped for these CEOs, especially at a time when we’re trying to get money to middle class people who are suffering the effects probably the most and didn’t give out these risky loans.”

“In a desperate attempt to mislead voters about Jim Tedisco’s support for capping compensation for CEOs whose companies received a taxpayer-financed bailout, Scott Murphy is running a radio advertisement that is a bold-faced lie,” said Joshua Fitzpatrick, Communications Director for Tedisco for Congress.

“Scott Murphy needs to take down his false ad. We are calling on radio stations to stop running the ad, and for voters to hold Murphy accountable for lying about Jim Tedisco’s support for capping the compensation of CEOs whose companies got bailed out by taxpayers,” Fitzpatrick stated.

“This latest distortion is part of a much larger pattern of troubling behavior by Scott Murphy. First, he didn’t come clean about the business taxes he failed to pay and refused to answer questions about his time as a Missouri lobbyist. Then, he scrubbed his bio to try and hide the fact that jobs he created were in India, not Upstate. Next, he tried to distance himself from his disparaging comments about America’s military. Now, he’s running an ad that’s a total lie. It looks like ‘Mr. Jobs’ has become ‘Mr. Distortion.’ Upstate voters just can’t trust Scott Murphy to tell it straight,” Fitzpatrick stated.