Former Vice President Joe Biden wrongly says “most of the conservative think tanks,” including the Heritage Foundation, agree that the tax cuts championed by President Donald Trump “generated virtually no growth at all.”
In launching his reelection campaign, President Donald Trump said, “Nobody’s done what we have done in two and a half years.” However, we found his speech was filled with familiar false, misleading and exaggerated statements about his record on jobs, military spending, veterans, energy and more.
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.