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 Greenberg details just what happens when the individual mandate is repealed.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.
El Salvador President Nayib Bukele has announced that he will send proposed legislation to the country’s congress to make bitcoin legal tender in the Central American nation.
California's reservoirs are shrinking quickly as a drought grips the western United States.
Facebook says it will suspend former President Donald Trump's accounts for two years following its finding that he stoked violence ahead of the deadly Jan. 6 insurrection.
U.S. employers added a modest 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession.
Gas pipelines have long been a vulnerable target due to their value and exposed nature, yet while government agencies have doubled down on physical security, cybersecurity has been overlooked for decades.
The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low
Amazon says it will no longer test jobseekers for marijuana use. The e-commerce giant, which is the second-largest private employer in the U.S. behind Walmart, is making the change as several states legalize cannabis.
An emotional President Joe Biden has marked the 100th anniversary of the massacre that wiped out a thriving Black community in Tulsa, Oklahoma.
China's leaders are easing limits on how many children each couple can have, hoping to counter the rapid aging of Chinese society.
The Supreme Court is leaving in place a $2 billion verdict in favor of women who say they developed ovarian cancer from using Johnson & Johnson talc products.
