With the recent failure of two midsize banks, some Democrats have blamed deregulation championed by then-President Donald Trump in 2018. While the law did reduce oversight of small and midsize banks, experts are divided over whether deregulation in 2018 ultimately caused Signature and Silicon Valley Bank to collapse.
President Joe Biden has repeatedly tried to flip the script about the GOP claiming to be the party of fiscal responsibility, saying Republican proposals would add $3 trillion to the nation’s debt in 10 years. But Biden doesn’t mention their proposed budget cuts.
Efforts to stop child sex trafficking in the U.S. have been underway for decades, led by presidents including Joe Biden. But an Instagram post makes the false claims that former President Donald Trump was the first to “acknowledge that children are being sold for sex in the U.S.” and that Biden “rescinded” a Trump order addressing the problem.
Former President Donald Trump, who has regularly complained about the amount of money South Korea pays the U.S. to maintain American military bases there, falsely claimed this week that he “had a deal [with South Korea] for full payment to us, $Billions, and Biden gave it away.”
President Joe Biden said in April 2022 that some of the funding in a Ukraine aid package that Congress later overwhelmingly approved could be used to pay pensions for Ukrainians amid the ongoing war with Russia. That is not a new development, as several viral tweets have misleadingly claimed in recent days.
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.
President Joe Biden and Vice President Kamala Harris said in April 2021 that they do not believe America is a racist nation — although both have said America has a history of racism and racism does exist in the country today.
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.
President Joe Biden announced on Jan. 25 that the U.S. would provide Ukraine with 31 tanks. After the announcement, a meme on social media misquoted Biden’s remarks from March 2022, suggesting he said that sending tanks to Ukraine would cause World War III. Biden said sending weapons “with American pilots and American crews” would cause a world war.
Gen. Mark A. Milley, the chairman of the Joint Chiefs of Staff, is the nation’s highest-ranking military officer. But posts on social media falsely claimed Milley “never served in combat.” Milley has an “extensive background of combat experience,” according to the U.S. Army, including deployment to Iraq and three tours in Afghanistan.