House Minority Leader Nancy Pelosi claimed that the Republican tax cut plan “raises taxes on middle class,” while President Donald Trump claimed that “everybody’s gonna benefit” from a plan that “is for the middle class.”
Democrats have used outdated or inflated figures to attack the GOP tax plan, when sticking to the facts would have served them just as well.
In calling for the repeal of the estate tax, President Donald Trump repeated a popular myth that a farmer’s heirs often have to “sell the farm” in order to pay the tax. In fact, less than 1 percent of the heirs of farm owners are expected to have to pay any estate tax.
In advocating for a corporate tax cut, Treasury Secretary Steve Mnuchin overstates the consensus when he says “most economists believe that over 70 percent of corporate taxes are paid for by the workers.”
In a speech on changing the tax code, President Donald Trump offered some political spin on the facts.
President Donald Trump’s budget proposal for fiscal year 2018 is the subject of this week’s fact-checking video from CNN’s Jake Tapper.
The president’s budget counts on economic growth to reach a balance, but his tax cut plan also relies on that growth to remain revenue-neutral. Tax and budget experts say that’s double-counting the same money.
A TV ad from the Donald J. Trump for President campaign committee praises Trump’s first 100 days, but it stretches the facts on some of his accomplishments.
President Donald Trump did a flurry of TV interviews and held a campaign-style rally to mark his first 100 days, and he left a trail of false, misleading and sometimes puzzling statements in his wake.
As a candidate, Donald Trump issued a “100-day action plan to Make America Great Again.” He has kept some of those promises, broken a few, and many are still a work in progress.