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 Greenberg details just what happens when the individual mandate is repealed.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.
New York City will require all municipal workers to get coronavirus vaccines by mid-September or face weekly COVID-19 testing.
President Joe Biden and Iraqi Prime Minister Mustafa al-Kadhimi are set to announce that they’ve come to an agreement to end the U.S. military’s combat mission in Iraq by the end of the year.
Team USA's Uneven Start, Optimism Plummets & 'Old' Stuns Box Office
The flame at Tokyo’s National Stadium and another cauldron burning along the waterfront near Tokyo Bay throughout the games will be sustained in part by hydrogen, the first time the clean fuel source will be used to power an Olympic fire.
Australia has garnered enough international support to defer for two years an attempt by the United Nations’ cultural organization to downgrade the Great Barrier Reef’s World Heritage status because of damage caused by climate change.
The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy
Dollar-pegged cryptocurrencies called stablecoins are on the rise, and U.S. regulators are taking notice.
Senate Republicans have rejected an effort to begin debate on a bipartisan infrastructure deal that senators brokered with President Joe Biden.
While the Biden administration has been busy undoing some of former President Trump's legacy decisions, the latest military branch, the U.S. Space Force established in 2019, isn't going anywhere.
Israeli Prime Minister Naftali Bennett spoke to the head of Unilever after its subsidiary Ben & Jerry’s announced it would stop selling its ice cream in the Israeli-occupied West Bank and contested east Jerusalem.
