Sen. Paul claimed that 20 million jobs were created after Ronald Reagan’s dramatic tax cuts in the 1980s, and that this was the “last time” such job growth took place. Paul is wrong on both counts.
Stories by Brooks Jackson
Q: Did Democrats increase federal income tax rates in 2014 under Obamacare?
A: No. Tax increases mentioned in a viral email went into effect a year earlier, as part of a budget deal supported by many Republicans as well as most Democrats.
A liberal super PAC founded by San Francisco billionaire and climate-change activist Tom Steyer that focuses on environmental issues.
A super PAC formed in 2013 with the goal of pushing the Republican Party further right.
Republican Rep. Steve Stockman of Texas says he’s running against Sen. John Cornyn in the state’s 2014 primary because the incumbent is a backstabbing “liberal” who only votes with Republicans “temporarily” when an election approaches. But Cornyn’s voting record shows otherwise.
Q: Who are the holders of U.S. debt?
A: The biggest are the Social Security trust funds (16 percent), the Federal Reserve banks (12 percent), China (8 percent), Japan (7 percent) and mutual funds including money-market funds (6 percent).
We’ve been saying for years that President Obama was over-simplifying and over-promising when he kept saying, “if you like your health care plan, you can keep your health care plan” under the new health care law. Now reality is catching up with his political spin.