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 Greenberg details just what happens when the individual mandate is repealed.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.
Allen Weisselberg was sentenced Tuesday to five months in jail for dodging taxes on $1.7 million in job perks.
The Justice Department is reviewing a batch of potentially classified documents found in the Washington office space of President Joe Biden’s former institute.
The House passed the chamber's rules package with all but one Republican vote while all GOP members voted for its first bill, which would strip funding from the IRS.
At the top of Kevin McCarthy’s to-do list as he begins his role as House Speaker is adopting a new rules package for the chamber when it convenes Monday evening.
Brazilian authorities were vowing to protect democracy and preparing to mete out punishment Monday after thousands of ex-President Jair Bolsonaro’s supporters stormed Congress, the Supreme Court and presidential palace then trashed the nation’s highest seats of power.
Normally routine, drafting and approving rules to govern the House is the new speaker's next showdown.
The president did not appear to meet with anyone who was attempting to migrate to the U.S.
The action comes a week after the inauguration of his leftist rival, President Luiz Inácio Lula da Silva.
Rep. Kevin McCarthy (R-Calif. 20th District) gained some momentum on Friday afternoon in his bid to become the House speaker, flipping more than a dozen votes in his favor.
The United Nations' global index for tracking food prices fell 1.9 percent in December after hitting an all-time high in 2022 amid drought, war, pandemic, and supply chain challenges.
