President Donald Trump claimed that the Republican tax plans in Congress would “cost me a fortune.” He has offered no proof of that, and it’s highly doubtful. Several provisions of the tax bills would benefit wealthy individuals like Trump.
Republican plans to eliminate or modify federal tax deductions for state and local taxes have sparked criticism from lawmakers from states that would be largely affected. Who uses the deduction and how would changing it affect them? We’ll take a look at the facts.
Leaders in both parties make false and misleading claims about the GOP’s $1.5 trillion tax cut plan.
Will the Republican tax plan be the “largest tax cut in history,” as the Trump administration has repeatedly said? That’s still unknown. But past tax cuts have been larger than cost estimates of the GOP plan.
There have been several instances in which Trump administration and campaign officials have made public statements about issues concerning Russia that turned out not to be true.
President Donald Trump has claimed that under the Affordable Care Act, insurance companies have “taken advantage of this country” and “made a fortune,” which he “stopped” by ending payments for cost-sharing subsidies on the ACA marketplaces. That’s misleading, at best, for several reasons.
President Donald Trump exaggerates when he describes a reduction in the top marginal rate for pass-through business income as a boost to small businesses and truckers.
House Minority Leader Nancy Pelosi claimed that the Republican tax cut plan “raises taxes on middle class,” while President Donald Trump claimed that “everybody’s gonna benefit” from a plan that “is for the middle class.”
Democrats have used outdated or inflated figures to attack the GOP tax plan, when sticking to the facts would have served them just as well.
Republicans and Democrats are making competing claims on whether the latest GOP effort to repeal the ACA continues to protect those with preexisting medical conditions. Under the Graham-Cassidy bill, insurers couldn’t refuse to sell policies, but they could price plans based on health status in states that allowed it.