Sen. Elizabeth Warren likes to say, “I’ve got a plan for that.” She has lots of plans, but there is one on which many of the others hinge: her plan for an “Ultra-Millionaire Tax,” an annual wealth tax on all assets over $50 million. We’ll answer several questions about how it would work and what it might raise.
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.”
Asked whether he believes federal law requires him to give Congress his tax returns, President Donald Trump responded, “There’s no law whatsoever.” He’s wrong about that.
President Donald Trump is fond of saying that China is paying the U.S. billions of dollars in increased tariffs. Not true. Tariffs are taxes paid by U.S. importers in the form of customs duties, and to some extent by U.S. consumers in the form of higher prices.
A meme is circulating online with false information about changes to tax deductions. Student loan interest, medical expenses, property taxes and charitable donations are still deductible.
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.
CNN’s Jake Tapper examines President Donald Trump’s claims about his tax returns in this week’s fact-checking video.
After Democrats gained control of the House in the midterm elections, President Donald Trump repeated his long-running statement that he wouldn’t release his tax returns because they were under audit, making false claims in the process.
President Donald Trump is proud of his economic record, and he points to some key economic indicators with great delight. But he doesn’t always stick to the facts out on the campaign trail when he talks to his supporters.
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.”