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.
The GOP tax plan is fodder for campaign ads from both sides in Pennsylvania’s special House election and races across the country.
President Trump claimed that “Apple is investing $350 billion in the United States” over the next five years all because of the Tax Cuts and Jobs Act. That’s contradicted by Apple’s chief executive officer, who said that “there’s large parts of this that we would have done in any situation.”
Politicians often make the same claims over and over again, leaving us fact-checkers empathizing with Bill Murray’s character in that 1993 classic “Groundhog Day.” This week was no different.
The president exaggerates his accomplishments in his address to Congress.
The Republican tax plan was signed into law just last month, and Democrats already have a well-worn, and misleading, talking point about it.
President Donald Trump misleadingly inflated the benefits of the tax overhaul when he claimed it provides “$3.2 trillion … in tax cuts for American families.” It actually totals about $1.5 trillion in tax cuts for all taxpayers, including corporations.
The Tax Cuts and Jobs Act is now law. Here we compare some of the major provisions of the new law with previous tax code.
This fact-checking video from CNN’s Jake Tapper covers inaccurate claims made by a high-ranking Democrat and Republican about the GOP bills overhauling the U.S. tax system.
Rep. Kevin Brady, the chairman of the House tax-writing committee, made misleading claims about the Tax Cuts and Jobs Act passed by the House earlier this month.