President Donald Trump exaggerates when he describes a reduction in the top marginal rate for pass-through business income as a boost to small businesses and truckers.
Trump Exaggerates ‘Small-Business’ Tax Cuts
Issues: Taxes
Trump Muddles Economic Indicators
In a news interview and a speech in Pennsylvania, President Donald Trump misleadingly suggested that rising stock value could reduce the national debt.
A Tax Hike or Benefit for the ‘Middle Class’?
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 Overstate Trump Tax Plan Effects
Democrats have used outdated or inflated figures to attack the GOP tax plan, when sticking to the facts would have served them just as well.
‘Death Tax’ Talking Point Won’t Die
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.
Who Benefits From Corporate Tax Cut?
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.”
FactChecking Trump’s Tax Speech
In a speech on changing the tax code, President Donald Trump offered some political spin on the facts.
Video: Trump’s Budget Double Count
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.
Double-Counting Growth
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.
Trump’s TV Campaign Ad
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.