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 Greenberg details just what happens when the individual mandate is repealed.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.
Asa Hutchinson, who recently completed two terms as Arkansas governor, said Sunday he will seek the Republican presidential nomination, positioning himself as an alternative to Donald Trump just days after the former president was indicted by a grand jury in New York.
Prosecutors say Donald Trump conspired to undermine the 2016 election through a series of hush money payments designed to stifle claims that could be harmful to his candidacy.
He is expected to be joined in Florida by supporters as he tries to project an image of strength and defiance and turn the charges into a political asset to boost his 2024 presidential campaign.
Board members picked by Florida Gov. Ron DeSantis to oversee the governance of Walt Disney World said Wednesday that their Disney-controlled predecessors pulled a fast one on them by passing restrictive covenants that strip the new board of many of its powers.
The federal government has filed a lawsuit against railroad Norfolk Southern over environmental damage caused by a train derailment on the Ohio-Pennsylvania border that spilled hazardous chemicals.
The charges in the indictment, made by a Manhattan grand jury, center on payments made during the 2016 presidential campaign to silence claims of an extramarital sexual encounter.
