The GOP cherry-picked states with the largest number of job gains this year to promote its claim that “GOP tax cuts have fueled a massive acceleration in job growth since this time last year.”
Cherry-Picking to Overhype Jobs Gains from Tax Cuts
A Rally Filled with Repeats
Trump’s August speech in Wilkes-Barre, Pennsylvania, was packed with familiar factual distortions.
CBO Didn’t Say Tax Cuts Were ‘Virtually Paid For’
The chief economic adviser to President Donald Trump recently said Congressional Budget Office numbers show the “entire $1.5 trillion tax cut is virtually paid for by higher revenues and better nominal GDP.” That’s not what the numbers show, experts told us.
FactChecking McCarthy’s Statistics
House Majority Leader Kevin McCarthy got some of his facts wrong about mandatory spending and the labor participation rate during a recent appearance on Fox Business.
Paul Ryan Misleads on Corporate Tax Revenues
House Speaker Paul Ryan misleadingly claimed that corporate tax revenues are “still rising,” even though the 2017 tax law cut tax rates. In the first six months of fiscal year 2018, corporate tax receipts have declined by 22.3 percent from a year ago. Revenues are also projected to be less over the next 10 years than they otherwise would have been because of the law.
Tax Cut Ads Preview Midterm Elections Ahead
The GOP tax plan is fodder for campaign ads from both sides in Pennsylvania’s special House election and races across the country.
Pelosi’s ‘Crumbs’ Comment in Context
President Donald Trump and Vice President Mike Pence ridiculed House Democratic Leader Nancy Pelosi for likening $1,000 bonuses paid to some employees as a result of the GOP tax cuts to “crumbs.” We’re providing the fuller context of Pelosi’s “crumbs” remarks.
Democrats’ Misleading Tax Line
The Republican tax plan was signed into law just last month, and Democrats already have a well-worn, and misleading, talking point about it.
Pelosi Inflates Tax Cuts
Democratic House leader Nancy Pelosi claimed that the new tax law will provide “at least a $1.3 trillion tax break for corporations.” That’s misleading.
Trump Inflates Tax Benefits
President Donald Trump misleadingly inflated the benefits of the tax overhaul when he claimed it provides “$3.2 trillion … in tax cuts for American families.” It actually totals about $1.5 trillion in tax cuts for all taxpayers, including corporations.