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 Greenberg details just what happens when the individual mandate is repealed.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.
Space Milestone, Booster Debate & Greatest Songs Ever
President Joe Biden has invited CEOs and business leaders to the White House to discuss COVID-19 mandates.
Massachusetts’ governor has activated the state’s National Guard to help with busing students to school as districts across the country struggle to hire enough drivers.
If you want to dine indoors, go to a gym or attend an event at an entertainment venue in New York, you'll need to show proof that you have had at least one dose of a COVID-19 vaccine.
North Korea said Monday that it successfully tested newly developed long-range cruise missiles over the weekend.
The fight for funding for 9/11 survivors and first responders is back on the legislative agenda, as Congress considers a bill to update the funding formula for a key program which could mean billions of additional dollars for care.
The Justice Department on Thursday sued Texas over a new state law that bans most abortions, arguing that it was enacted “in open defiance of the Constitution."
President Joe Biden on Thursday is toughening COVID-19 vaccine requirements for federal workers and contractors as he aims to boost vaccinations and curb the surging delta variant that is killing thousands each week and jeopardizing the nation’s economic recovery.
A crowd erupted in cheers and song Wednesday as work crews hoisted an enormous statue of Confederate Gen. Robert E. Lee off the pedestal where it has towered over Virginia’s capital city for more than a century.
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