Chris Christie repeatedly has said that U.S. corporations are taxed twice on income earned abroad, claiming in one speech that IRS officials “don’t recognize the tax that you paid to a foreign country.” That’s false.
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Christie’s Fact-Free Keynote
New Jersey Gov. Chris Christie largely avoided factual claims in a Republican convention keynote address that was heavy on generalities, opinion and platitudes. The pugnacious former prosecutor exaggerated a bit, though, when he bragged about his accomplishments as governor, and he repeated the common but false claim that the president’s health care law interferes with the doctor-patient relationship.
Christie said he delivered “three balanced budgets with lower taxes.” Actually, he cut the state Earned Income Tax Credit for low-income residents and the popular property-tax rebate program for renters and homeowners.