“His 2017 tax bill slashed taxes on companies that sent production and jobs overseas. Those corporations then make huge profits by shipping these foreign-made products back to the United States to sell to American consumers.”
What Washington Post found
The law is believed to have broadly reduced incentives to invest overseas, compared to the previous system. Even if it’s possible a new loophole was created, many other loopholes were closed.
Their words, from the summary they publish with the rating.
In short
Joe Biden (former vice president) made this claim around 9 September 2020. Washington Post (United States) looked into it and published its finding on 25 September 2020, 16 days later. Its rating was “Two Pinocchios”.
Joe Biden has 509 checked claims in this archive. Fact-checking organisations rated 140 of them false or fake, 281 misleading or mixed and 34 true.
Where the claim appeared
Links recorded by Washington Post. Some posts may have been deleted since.
This check was done by Washington Post, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.