Jon Greenberg, staff writer for Politifact, breaks down some of the rhetoric from the left and the right around the GOP tax reform bill.
Chris Ruddy of Newsmax claimed that the GOP bill would bring in $3 trillion of offshore funds back into the economy from large U.S. corporations receiving a tax cut overseas. But just how true is this? Politifact has rated the statement half true. Greenberg notes that while corporations are receiving a reduction in overseas taxes, 45% of the $3 trillion made overseas is already in the U.S.
Greenberg also weighs in on House Minority Leader Nancy Pelosi's statement that the GOP bill would "sabotage" the healthcare of 13 million Americans. Greenberg details just what happens when the individual mandate is repealed. He explains that the repeal of the individual mandate will cause healthy people to leave the marketplace, which will cause costs to go up for those that are sick. That means some of those people won't be able to afford health insurance anymore. Politifact's overall rating of Pelosi's statement: half true.
Texas storms, U.S. tanks could be headed for Ukraine, and journalist deaths spiked in 2022. Here is everything you Need2Know for Wednesday, January 25, 2023.
Pope Francis has criticized laws that criminalize homosexuality as “unjust,” saying God loves all his children just as they are.
Classified documents were found at former Vice President Mike Pence's Indiana home.
New estimates show more than $60 billion in fraudulent unemployment benefits were paid out during the pandemic, according to a government watchdog.
The Bulletin of Atomic Scientists says the world is closer to Armageddon than it has ever been.
U.S. officials say the U.S. is poised to approve sending M1 Abrams tanks to Ukraine, as international reluctance to send tanks to the battlefront against the Russians appeared to begin eroding.
Classified documents were found in former Vice President Mike Pence's Indiana home.
President Joe Biden is again calling for gun safety legislation in the wake of several mass shootings.
The Senate Judiciary Committee on Tuesday held a hearing looking into entertainment giant Live Nation's role in the botched pre-sales process for Taylor Swift's Eras tour.
Documents with classified markings were discovered in former Vice President Mike Pence's Indiana home last week, his lawyer told the National Archives in a letter — the latest in a string of discoveries of confidential information in private residences.
