On the day of the tax filing deadline, former President Donald Trump went on Truth Social to misleadingly warn that if President Joe Biden is reelected, “you will soon be facing colossal tax HIKES.” But in his latest budget proposal, Biden supports extending the tax cuts championed by Trump for people making less than $400,000.
As a primer for the 2024 election, here’s our guide to the top 10 falsehoods and distortions — so far — in terms of Trump’s and Biden’s propensity to repeat them.
The last two major candidates for the Republican presidential nomination have misfired in launching attacks on each other recently.
Following his projected win in New Hampshire’s GOP primary on Jan. 23, former President Donald Trump gave a speech that included distorted claims about the state’s primary rules, his election record in New Hampshire, his Republican opponent’s general election prospects and Democrats’ tax plans.
The two presidential contenders had the stage to themselves just days before the Iowa caucuses.
President Joe Biden announced on April 25 that he would run for reelection in the 2024 campaign. In his video announcement and a speech later that day to a union group, Biden repeated several claims we’ve fact-checked before.
The U.S. Constitution established Congress’ right to impose federal income taxes, and the Internal Revenue Service administers the laws that require payment of taxes. Yet social media posts falsely claim there is no law that requires U.S. residents to pay taxes.
President Joe Biden has said there are hundreds, if not a thousand, billionaires paying lower federal tax rates than schoolteachers, police officers, firefighters and nurses. What his audience may not know is that his comparison relies on including wealthy families’ gains on unsold stock as income.
After President Joe Biden took a veiled swipe at him during the State of the Union address, Sen. Rick Scott released an ad labeling Biden a “tax cheat.” The White House defends the tax maneuver, one it says the IRS blessed, though some tax experts remain unconvinced.
The IRS has proposed a voluntary program that employers could choose to use in order to manage the taxes owed on employees’ tips. The program would replace similar existing programs. But some partisan social media accounts have wrongly suggested that the program indicates either new taxes or increased enforcement. Neither is true.