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 Greenberg details just what happens when the individual mandate is repealed.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.
The Supreme Court has dismissed a challenge to the Obama era health care law, preserving insurance coverage for millions of Americans.
The Supreme Court has ruled that the city of Philadelphia violated the Constitution by limiting its relationship with a Catholic foster care agency over that group's refusal to certify same-sex couples as foster parents.
President Joe Biden has signed legislation Thursday establishing a new federal holiday commemorating the end of slavery, saying he believes it will go down as one of the greatest honors he has as president.
The number of Americans applying for unemployment benefits rose last week for the first time since April despite widespread evidence that the economy and the job market are rebounding steadily from the pandemic recession.
How much do you think cops make? A few hundred thousand per year? It sounds extreme, but this is the case in many cities across the country thanks to a slew of financial perks in ironclad union contracts.
The Federal Reserve is holding steady on the dovish policy stance that it's maintained since the beginning of the pandemic but not without a hat-tip to those worried about rising inflation.
Just 40 years ago, New York City's Times Square was a very different place: crime-ridden and adult theaters as the main source of entertainment. Cheddar explains how it went from this to one of the top tourist attractions in the world.
Russian President Vladimir Putin says he and U.S. President Joe Biden agreed in a “constructive” summit to return their ambassadors to their posts and to begin consultations to replace the last remaining treaty between the two countries limiting nuclear weapons.
Joe Biden has arrived in the summit city of Geneva ahead of what will be the most-watched part of his first trip abroad as president: talks with Russia’s Vladimir Putin.
The U.S. death toll from COVID-19 has topped 600,000, even as the vaccination drive has slashed daily cases and deaths and allowed the country to emerge from the gloom.
