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 Greenberg details just what happens when the individual mandate is repealed.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.
Schools, shops, banks and Iceland's famous swimming pools shut on Tuesday as women in the volcanic island nation — including the prime minister — went on strike to push for an end to unequal pay and gender-based violence.
A group of 33 states including California and New York are suing Meta Platforms Inc. for harming young people’s mental health and contributing the youth mental health crisis by knowingly designing features on Instagram and Facebook that addict children to its platforms.
In a courtroom showdown five years in the making, Donald Trump's fixer-turned-foe Michael Cohen testified Tuesday that he worked to boost the supposed value of the former president's assets to “whatever number Trump told us to."
Republican Tom Emmer abruptly abandoned his bid to become House speaker, withdrawing hours after winning the internal party nomination once it became clear he would not have enough support from GOP colleagues for the gavel.
Eighty-five-year-old Yocheved Lifshitz spoke of a “hell that we never knew before and never thought we would experience” as she described the harrowing Oct. 7 assault on her kibbutz by Hamas militants and the terror of being taken hostage into the Gaza Strip.