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.
FactChecking McCarthy’s Statistics
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.
A Guide to the Tax Changes
The Tax Cuts and Jobs Act is now law. Here we compare some of the major provisions of the new law with previous tax code.
Video: Claims about the GOP Tax Plan
In this video, we highlight six common — and inaccurate — claims from Republicans and Democrats about the GOP tax plans.
Video: Misleading Tax Plan Claims
This fact-checking video from CNN’s Jake Tapper covers inaccurate claims made by a high-ranking Democrat and Republican about the GOP bills overhauling the U.S. tax system.