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 Greenberg details just what happens when the individual mandate is repealed.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.
As explosions and gunfire thundered outside, Sudanese huddled in their homes for a third day Monday in the capital Khartoum and other cities, while the army and a powerful rival force battled in the streets for control of the country.
Norwegian battery startup Freyr is planning its next factory in an Atlanta suburb because a new U.S. clean energy law offers generous tax credits for local production.
Next month, the IRS will release the first in a series of reports looking into how a publicly run system might be created.
Without citing a reason, the Delaware judge overseeing a voting machine company’s $1.6 billion defamation lawsuit against Fox News announced late Sunday that he was delaying the start of the trial until Tuesday.
“This has been an unspeakable week of tragedy for our city,” said mayor Craig Greenberg.
The Supreme Court said Friday it was temporarily keeping in place federal rules for use of an abortion drug, while it takes time to more fully consider the issues raised in a court challenge.
President Joe Biden announced Thursday that hundreds of thousands of immigrants brought to the U.S. illegally as children will be able to apply for Medicaid and the Affordable Care Act's health insurance exchanges.
Anyone who wants to buy a gun in Michigan will have to undergo a background check, and gun owners will be required to safely store all firearms and ammunition when around minors under new laws signed Thursday by Gov. Gretchen Whitmer.
In Ireland this week, well-wishers have lined the streets to catch a mere glimpse of President Joe Biden. Photos of his smiling face are plastered on shop windows, and one admirer held a sign reading, “2024 — Make Joe President Again.”
A Massachusetts Air National Guardsman has appeared in court, accused in the leak of highly classified military documents.
