Asked whether he believes federal law requires him to give Congress his tax returns, President Donald Trump responded, “There’s no law whatsoever.” He’s wrong about that.
Trump Wrong About Tax Law
Issues: Taxes
Does China Pay Tariffs?
President Donald Trump is fond of saying that China is paying the U.S. billions of dollars in increased tariffs. Not true. Tariffs are taxes paid by U.S. importers in the form of customs duties, and to some extent by U.S. consumers in the form of higher prices.
Meme Spreads Bogus Tax Information
A meme is circulating online with false information about changes to tax deductions. Student loan interest, medical expenses, property taxes and charitable donations are still deductible.
Kamala Harris Mistweet on ‘Tax Hike’
Sen. Kamala Harris, a declared candidate for president, cited preliminary IRS tax refund data for 2018 to criticize the Tax Cuts and Jobs Act as “a middle-class tax hike.” That’s a misreading of the data.
Video: Trump on His Tax Returns
CNN’s Jake Tapper examines President Donald Trump’s claims about his tax returns in this week’s fact-checking video.
The President’s Tax Returns
After Democrats gained control of the House in the midterm elections, President Donald Trump repeated his long-running statement that he wouldn’t release his tax returns because they were under audit, making false claims in the process.
Trump Stump Speeches: Economy
President Donald Trump is proud of his economic record, and he points to some key economic indicators with great delight. But he doesn’t always stick to the facts out on the campaign trail when he talks to his supporters.
Cherry-Picking to Overhype Jobs Gains from Tax Cuts
The GOP cherry-picked states with the largest number of job gains this year to promote its claim that “GOP tax cuts have fueled a massive acceleration in job growth since this time last year.”
A Rally Filled with Repeats
Trump’s August speech in Wilkes-Barre, Pennsylvania, was packed with familiar factual distortions.
CBO Didn’t Say Tax Cuts Were ‘Virtually Paid For’
The chief economic adviser to President Donald Trump recently said Congressional Budget Office numbers show the “entire $1.5 trillion tax cut is virtually paid for by higher revenues and better nominal GDP.” That’s not what the numbers show, experts told us.