Democratic presidential nominee Joe Biden has twice botched a talking point on an already dubious claim that his proposal for a minimum corporate tax would pay for his free-tuition plan.
Issues: Corporate tax
Trump Distorts Biden’s Tax Plan
Video: The Ninth Democratic Debate
FactChecking the Las Vegas Democratic Debate
Harris’ Campaign Kickoff Claims
Paul Ryan Misleads on Corporate Tax Revenues
House Speaker Paul Ryan misleadingly claimed that corporate tax revenues are “still rising,” even though the 2017 tax law cut tax rates. In the first six months of fiscal year 2018, corporate tax receipts have declined by 22.3 percent from a year ago. Revenues are also projected to be less over the next 10 years than they otherwise would have been because of the law.