Get the Facts: Trump’s false claim on raising taxes
Updated: 11:40 PM CDT Jun 27, 2024
Biden facing off against Donald Trump in the first presidential debate of the campaign season, immigration, inflation and the economy, key issues the candidates focused on. First, let's get the facts on this statement on the economy made by former President Trump. We have the greatest economy in the history of our country. We have never done so well. Everybody was amazed by it. Other countries were copying us. Economists generally measure our economy's health by looking at the GDP, the gross domestic product and adjusting it for inflation. That basically means the monetary value of the goods and services we produce here in the US. Under Trump, the growth was modest at most. It grew 3% in 2018. The economy grew at *** faster annual rate 48 times and under every president before and after Trump dating back to 1930 except under Barack Obama and Herbert Hoover. When talking about the pandemic at the debate, President Biden making *** claim about Trump and how he told people to get rid of the coronavirus pandemic was so badly handled. Many people were dying. All he said was, it's not that serious, just inject *** little bleach in your arm. You'll be all right back in 2020. During *** news conference, Trump suggested that scientists test the use of very powerful light and disinfectant in the body to kill the virus. He mentioned an injection at one point but he never said to use bleach and he didn't tell people to inject themselves. At one point in the debate, Trump attacking Biden about the number of drugs he says are coming through the southern border. But the number of drugs coming across our border now is, is the largest we've ever had by far. Data on the total amount of illicit drugs smuggled into the US doesn't exist. But the amount of drug seized by border patrol officials is tracked and the number is trending down under President Biden, for example, £1.1 million of drugs were seized by border patrol and the office of field operations in 2020. Trump's last full year as president in 2021 9 £113,000 were seized and that number has continued to go down every year since finally, President Biden making this claim about what he thinks Trump will do to the Affordable Care Act. He wants to get rid of the AC *** again and they're going to try again if they win that comment needs more context. According to our partners at factcheck.org Trump has said in the past that he wants to get rid of the law, but in March of this year, Trump wrote on social media that he wants to make it better, stronger and far less expensive as for *** formal health care plan, the former president hasn't released one. And our investigative team fact checked the entire debate for more. You can head to our website and mobile app helping you get the facts. I'm national investigative correspondent, John Cardelli.
Get the Facts: Trump’s false claim on raising taxes
Updated: 11:40 PM CDT Jun 27, 2024
For the first time since 2020, President Joe Biden and former President Donald Trump shared the debate stage Thursday.Similar to the candidates' previous meetings, some of the statements made during the debate require clarification or further explanation.Our National Investigative Unit fact-checked the June 27 presidential debate on CNN and broke down the context of both candidate's statements. Claim: Donald Trump made the statement that President Joe Biden wants to raise taxes, saying, "He's the only one I know, he wants to raise your taxes by four times."Get the Facts: Looking at an analysis from the nonprofit group, Tax Foundation, President Biden's proposed tax increases would be about $4.4 trillion over ten years. The Congressional Budget Office says that under current policies, without those proposals, the U.S. would collect $62.6 trillion. So that means, Biden's policies would increase taxes about 7%. That's a lot less than "four times," and many of Biden's tax proposals would affect corporations and higher-income level taxpayers.
For the first time since 2020, President Joe Biden and former President Donald Trump shared the debate stage Thursday.
Similar to the candidates' previous meetings, some of the statements made during the debate require clarification or further explanation.
Our National Investigative Unit fact-checked the June 27 presidential debate on CNN and broke down the context of both candidate's statements.
Claim: Donald Trump made the statement that President Joe Biden wants to raise taxes, saying, "He's the only one I know, he wants to raise your taxes by four times."
Get the Facts: Looking at an analysis from the nonprofit group, Tax Foundation, President Biden's proposed tax increases would be about $4.4 trillion over ten years. The Congressional Budget Office says that under current policies, without those proposals, the U.S. would collect $62.6 trillion. So that means, Biden's policies would increase taxes about 7%. That's a lot less than "four times," and many of Biden's tax proposals would affect corporations and higher-income level taxpayers.