We spotted a few instances in President Joe Biden’s televised town hall when his answers didn’t square with the facts.
Issues: Taxes
Republicans Mischaracterize Proposed Financial Reporting Requirement
To help detect unreported income and narrow the gap between federal taxes collected and owed, the Biden administration has proposed expanding annual reporting requirements for banks and other financial institutions to include the total amounts of money flowing in and out of all business and personal accounts worth at least $600.
Ads Distort How Much Biden’s Tax Plans Could Cost ‘Your Family’
The 2022 budget proposed by President Joe Biden would redistribute income, hitting high-income earners with tax increases and providing refundable tax credits to low- and middle-income Americans. Ads from the conservative Club for Growth targeting nine vulnerable Democrats and one centrist Republican in the House, however, distort the impact of the Biden plan on taxpayers.