In this week’s fact-checking video, CNN’s Jake Tapper examines a false claim by former Vice President Joe Biden that “all of” the tax cuts signed into law by President Donald Trump “went to folks at the top and corporations that pay no taxes.”
On the day the Trump administration released its fiscal 2020 budget, White House economic adviser Larry Kudlow misleadingly claimed that “overall revenues are up about 10 percent.” In fact, federal revenues are down since the Republican tax cuts became law.
Sen. Kamala Harris, a declared candidate for president, cited preliminary IRS tax refund data for 2018 to criticize the Tax Cuts and Jobs Act as “a middle-class tax hike.” That’s a misreading of the data.
In the past week, many Democratic ads across the country have focused on health care and taxes, campaign-long themes for the party’s candidates. Some of the ads have used familiar, and misleading, talking points.
President Donald Trump on several occasions has taken credit for making Medicare “stronger.” In one instance, he said, “Medicare will be $700 billion stronger over the next decade thanks to our growth.” In fact, Medicare’s finances have worsened since he took office.