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 Greenberg details just what happens when the individual mandate is repealed.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.
China says its launch of a new spacecraft was merely a test to see whether the vehicle could be re-used.
Colin Powell, former Joint Chiefs chairman and secretary of state, has died from COVID-19 complications.
A panel of U.S. health advisers has endorsed booster doses of Johnson & Johnson’s single-shot COVID-19 vaccine.
The Biden administration says the U.S. will reopen its land borders to nonessential travel next month, ending a 19-month freeze due to the COVID-19 pandemic.
The White House says it's helped broker an agreement for the Port of Los Angeles to become a 24-hour, seven-days-a-week operation.
Members of the House are scrambling to Washington to pass a short-term lift of the nation’s debt limit.
Senate Majority Leader Chuck Schumer said Thursday an agreement has been reached with Republicans to extend the government’s borrowing authority into December, temporarily averting a debt crisis.
With the Biden administration reportedly looking into regulating stablecoins like Tether and Circle, just what might those rules look like going forward?
Amplify Energy’s emergency response plan for a major oil spill like the one unfolding in coastal Southern California depended heavily on a quick shutdown of its pipeline if sensors pick up a sudden loss of pressure.
New York's new Cannabis Control Board met Tuesday for its inaugural meeting to expand the Empire State's medical cannabis program effective immediately and appoint key staffers following months of delays.
