Jon Greenberg, staff writer for Politifact, breaks down some of the rhetoric from the left and the right around the GOP tax reform bill.
Chris Ruddy of Newsmax claimed that the GOP bill would bring in $3 trillion of offshore funds back into the economy from large U.S. corporations receiving a tax cut overseas. But just how true is this? Politifact has rated the statement half true. Greenberg notes that while corporations are receiving a reduction in overseas taxes, 45% of the $3 trillion made overseas is already in the U.S.
Greenberg also weighs in on House Minority Leader Nancy Pelosi's statement that the GOP bill would "sabotage" the healthcare of 13 million Americans. Greenberg details just what happens when the individual mandate is repealed. He explains that the repeal of the individual mandate will cause healthy people to leave the marketplace, which will cause costs to go up for those that are sick. That means some of those people won't be able to afford health insurance anymore. Politifact's overall rating of Pelosi's statement: half true.
Fox News says it has agreed to part ways with Tucker Carlson, less than a week after settling a lawsuit over the network’s 2020 election reporting.
President Joe Biden said Monday that his top domestic policy adviser, Susan Rice, will leave her post next month.
Former President Donald Trump appears in court for his arraignment in a criminal case over fraudulent business records, April 4, 2023, in New York.
The Supreme Court is facing a self-imposed Friday night deadline to decide whether women’s access to a widely used abortion pill will stay unchanged until a legal challenge to its Food and Drug Administration approval is resolved.
President Joe Biden will formally announce his 2024 reelection campaign as soon as next week, three people briefed on the discussions said Thursday.
U.N. Secretary-General Antonio Guterres bluntly challenged the climate efforts of President Joe Biden and other world leaders Thursday in a message for a White House summit, charging that expanded oil and gas drilling and other policies of the richest countries amount to a “death sentence” for the planet.
Twitter has removed labels describing global media organizations are government-funded or state-affiliated.
Supreme Court Justice John Roberts is being asked to testify to Congress as scrutiny mounts around Justice Clarence Thomas.
The GOP-dominated Iowa Senate passed a bill that would loosen the state's child labor laws.
House Speaker Kevin McCarthy has unveiled a sweeping package that would raise the nation’s debt limit by $1.5 trillion into next year.
