“Says Mandela Barnes “supported a 20% increase in the gas tax.”
PolitiFact rated this: Half True
Economy and jobs
1,152 claims on this topic checked by other fact-checking organisations. Topics are sorted by the words in each claim and cover English-language checks.
“The wealth of the Marcoses, including gold, stored in over 170 banks worldwide, will be used to fund the economic program and other priority projects of Bongbong Marcos' administration”
Vera Files rated this: False
“Inflation is "not due to any local factors; it's really about the exchange rate.”
Vera Files rated this: Misleading
Vera Files says: Sonny Africa, executive director of IBON Foundation, told VERA Files Fact Check in an email that while rising global prices of food and the depreciation of the peso, driven by interest rate hikes in the United States, a…
“GM and Ford vehicles sent to Ukraine were funded with Americans' "tax dollars.”
FactCheck.org rated this: No Evidence
FactCheck.org says: Two American carmakers have donated 100 pickup trucks and SUVs to assist with humanitarian aid in Ukraine.
“By the way, we’ve also … reduced the deficit by $350 billion my first year. This year, it’s going to be over $1.5 trillion, reduced the debt.”
Washington Post rated this: Three Pinocchios
Washington Post says: The numbers are right but Biden has incrased the deficit from what was projected before he became president.
“Congressional Democrats gave the IRS funding that would allow it to "extract" $20 billion in "higher taxes" from “lower- and middle-income families.”
FactCheck.org rated this: False
FactCheck.org says: The $20 billion figure cited in the ads was a preliminary estimate issued before Treasury directed the IRS not to increase audits for those earning less than $400,000.
“The 3.7% unemployment rate is "nearly a 50-year low in our country.”
FactCheck.org rated this: Misleading
FactCheck.org says: The unemployment rate was as low as 3.5% in January and February of 2020. The last time the rate was lower than that was when it was 3.4% for nine straight months between 1968 and 1969.
“The Marcos family "had no chance" to respond to the P203-billion estate tax case when it was in court because they were in exile in Hawaii.”
Vera Files rated this: False
Vera Files says: The Supreme Court, in its 1997 ruling on the case, noted that the Bureau of Internal Revenue (BIR) issued around 30 notices of levy to “satisfy” the estate tax and deficiency income taxes on the properties of the Marcos…
“The “Inflation Reduction Act” will reduce energy production.”
MediaWise rated this: Not Legit
“This year, it's going to be over $1.5 trillion (that we’ve) reduced the debt.”
PolitiFact rated this: Half True
PolitiFact says: The latest projection shows that the deficit is about $1.7 trillion lower now than it was in 2021. But this is mostly because of an unusual historical circumstance — the expiration of coronavirus pandemic relief.
“Democrats' radical green energy policies caused record gas prices.”
PolitiFact rated this: Mostly False
“Harvard is sitting on top of a $54 billion hedge fund they call an ‘endowment’ that they pay zero taxes on. Yale has $31 Billion. Stanford $29 Billion. Princeton $26 Billion.”
PolitiFact rated this: Half True
PolitiFact says: Kirk was in the ballpark about the size of these endowments, though his numbers might be slightly outdated. But calling such an endowment a "hedge fund" is a misnomer, and large endowments are now taxed.
“Screenshots show that conservative political commentator Ben Shapiro received more than $20,000 in Paycheck Protection Program loan forgiveness.”
PolitiFact rated this: False
PolitiFact says: Conservative political commentator and media personality Ben Shapiro is based in Florida. He has a different middle initial than the Shapiro in California who records show received a Paycheck Protection Program loan.
“Barack Obama urged people on Sept. 10, 2001, to “report to work tomorrow” at the World Trade Center.”
PolitiFact rated this: Pants on Fire
“Walmart management is helping with rising prices with $500 grocery cards for $2.”
PolitiFact rated this: False
“Right now, I have the strongest record of growing manufacturing jobs in modern history.”
Washington Post rated this: Two Pinocchios
Washington Post says: Biden is doing a monthly average, comparing himself to one and two term presidencies.
“According to several news outlets, “State Bank of India had said in its report that India would become the 3rd largest economy by 2029.”
Youturn rated this: Misleading
“The child tax credit passed under President Joe Biden “has helped 97% of the families with children who are living in poverty.”
PolitiFact rated this: Half True
PolitiFact says: The 97% success rate was a pre-implementation estimate of how many families would benefit. Post-implementation analyses suggest the success rate was closer to 75% or 80%.
“Joe Biden and Raphael Warnock "are spending $1.5 billion on ‘urban forestry’ and raising taxes on those making under $200k to pay for it.”
PolitiFact rated this: Half True
PolitiFact says: A recent bill signed by Joe Biden allocates $1.5 billion for tree planting, but it an exaggeration to say the bill will raise taxes on middle- and lower-income Americans.
“Joe Biden's student debt forgiveness plan is a "bailout for rich kids.”
PolitiFact rated this: Mostly False
PolitiFact says: The vast majority of the student loan debt relief will go to Americans on the lower end of the income scale. By one independent estimate, 75% of the relief will go to households in the bottom 60% by income.