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 Greenberg details just what happens when the individual mandate is repealed.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.
Israel and Hamas have announced a cease-fire to end a bruising 11-day war that caused widespread destruction in the Gaza Strip and brought life in much of Israel to a standstill.
President Joe Biden signed legislation Thursday designed to curtail a dramatic rise in hate crimes against Asian Americans and Pacific Islanders.
Anyone who gets vaccinated at select state-run vaccination sites in New York next week will receive a lottery scratch ticket with prizes potentially worth millions, as the state tries to boost slowing vaccination rates.
Amazon says it will extend its ban on police use of its face-recognition technology beyond the one-year pause it announced last year.
The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop and business restrictions ease.
The U.S. economy’s faster-than-expected reawakening had some Federal Reserve officials discussing whether it might be time to start planning for easing back on one of the central bank’s levers for keeping interest rates low.
The European Union has taken a step toward relaxing travel for visitors from outside the bloc, with EU ambassadors agreeing on measures to make it easier for fully vaccinated visitors to get in.
Congress has passed legislation aimed at combating hate crimes against Asian Americans and Pacific Islanders. It would expedite federal reviews of hate crimes and provide grants to local law enforcement.
NY Gov. Andrew Cuomo has disclosed that he was paid a $3.1 million advance to write his COVID-19 leadership book last year and will make another $2 million on the memoir over the next two years.
President Joe Biden says the U.S. will share an additional 20 million doses of COVID-19 vaccines with the world in the coming six weeks.
