President Joe Biden has been giving a series of campaign-style speeches, touting the success of his economic policies, which he calls “Bidenomics,” and talking about his efforts to diversify the federal courts. But we found that some of his claims were wrong or imprecise.
An ad from the National Republican Senatorial Committee makes two misleading claims about votes cast by Democratic Sen. Raphael Warnock of Georgia.
The IRS Criminal Investigation division’s “Adrian Project” educates the public about the IRS through community outreach sessions with high school and college students. Posts on social media are sharing a video from one of the sessions to falsely claim it shows agents in training. The images were posted by a New Jersey university in 2017 and earlier this year.
The Inflation Reduction Act includes $79 billion for the IRS. Social media posts misleadingly claim the IRS will now hire “87,000 new agents” to investigate average citizens. But most new hires will provide customer services, and enforcement efforts will be aimed at “high-income and corporate tax evaders,” a Treasury Department spokesperson said.
The reconciliation bill passed by Congress will affect prescription drug costs for Medicare beneficiaries. Democrats and Republicans offer opposing views on how it will affect seniors. We’ll explain what the bill would do.
The Inflation Reduction Act proposes to raise over $700 billion in new revenues over 10 years to be spent on energy, climate change initiatives, health care and deficit reduction. But not all of those revenues come via higher taxes. More than half comes from health care savings and from beefed up IRS tax enforcement.
Senate Majority Leader Chuck Schumer said the Senate plans to hold its first vote Aug. 6 on the Inflation Reduction Act. An estimated $369 billion over the next 10 years would go toward combating climate change and investing in “energy security.” Here we review some of the climate-focused provisions in the bill.
Both political parties are spinning the facts on whether the Democrats’ Inflation Reduction Act would raise taxes.