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 Greenberg details just what happens when the individual mandate is repealed.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.
President Biden on Tuesday called on the Senate to change its rules to allow the passage of voting rights legislation in his most pointed remarks yet on the issue.
2021's supply chain woes are quickly becoming a 2022 problem as well. Here's what experts are anticipating for Year Two of the supply chain crisis.
U.S. employers added a modest 199,000 jobs last month while the unemployment rate fell sharply, at a time when businesses are struggling to fill jobs with many Americans remaining reluctant to return to the workforce.
A top Tennessee House Republican lawmaker has apologized for losing his temper and being ejected from watching a high school basketball game after getting into a confrontation with a referee.
Locked in a dispute over his COVID-19 vaccination status, Novak Djokovic was confined to an immigration detention hotel in Australia on Thursday.
President Joe Biden addressed the nation Thursday from the U.S. Capitol Building, as it marks one year since rioters breached the building in a deadly attack.
Federal Reserve policymakers at a meeting last month said the U.S. job market was nearly at levels healthy enough that the central bank's low-interest rate policies were no longer needed.
The U.S. and the Iraqi military say a Katyusha rocket has struck an Iraqi military base hosting U.S. troops at Baghdad’s international airport, and in Syria, eight rounds of indirect fire hit a base where members of the U.S.-led coalition are deployed.
A record 4.5 million American workers quit their jobs in November, a sign of confidence and more evidence that the U.S. job market is bouncing back strongly from last year’s coronavirus recession.
American activists are appealing to Tesla Inc. to close a new showroom in China’s northwestern region of Xinjiang, where officials are accused of abuses against mostly Muslim ethnic minorities.
