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 Greenberg details just what happens when the individual mandate is repealed.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 government plays a key role in determining the colors of your food, and for that, we can thank the margarine wars of the late 19th century.
The Democratic-led House passed a bill that would enshrine LGBTQ protections in the nation’s labor and civil rights laws.
Rep. Jason Smith (R-Mo. 8th District), talked to Cheddar about his objections to the latest stimulus bill presented by Democrats.
The number of Americans seeking unemployment benefits fell sharply last week in a sign that layoffs may have eased, though claims remain at a historically high level.
Federal Reserve Chairman Jerome Powell has told Congress that the central bank will not begin raising interest rates until it believes its goals on maximum employment and inflation have been reached.
An analysis by U.S. regulators says Johnson & Johnson's single-dose vaccine protects against COVID-19.
The U.S. Postal Service says it has chosen Oshkosh Defense to build its next-generation mail-delivery vehicle.
The Senate Select Committee on Intelligence concluded its hearing on the massive SolarWinds hack.
Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.
Facebook says it will lift a ban on Australians viewing and sharing news on its platform after it struck a deal with the government on proposed legislation that would make digital giants pay for journalism.
