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 Greenberg details just what happens when the individual mandate is repealed.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.
The truck blockade at the U.S. border by Canadians protesting the country’s COVID-19 restrictions is tightening the screws on the auto industry, forcing Ford, Toyota and General Motors to shut down plants or otherwise curtail production.
Inflation was hotter than expected in January, but the debate over what this means for the economy is getting even hotter as markets brace for a flurry of Fed rate hikes in 2022.
Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates.
A rapidly growing list of Canadian provinces moved to lift their COVID-19 restrictions as protesters decrying vaccine mandates and other precautions kept up the pressure with truck blockades.
The House has approved legislation financing federal agencies for another month. It's the latest emblem of Congress’ inability to finish its budget work on time.
The IRS said Monday it will suspend the use of facial recognition technology to authenticate people who create online accounts after the practice was criticized by privacy advocates and lawmakers.
The first lady says real people often are caught in the middle. She spoke Monday in Washington about a now-stalled proposal for tuition-free community college, which she's pushed for a long time as a community college professor.
In a flurry of diplomacy across two continents, President Joe Biden emerged from a meeting with Germany’s new leader to vow the crucial Nord Stream 2 gas pipeline in Europe would be blocked if Russia further invades Ukraine.
Kristin Myers, Editor-in-Chief at The Balance, joined Cheddar News to preview the January jobs report, and to break down the racial disparity in employment numbers in the U.S.
