Economy and jobs

“David McCormick fired Pennsylvanians and bragged about shipping their jobs to Asia.”

PolitiFact says: A Pennsylvania firm once run by U.S. Senate candidate Dave McCormick cut 50 jobs in 2003. The same year, the company announced plans to open a center in India. But there’s no proof he “bragged” about offshoring the jobs.

“Gas prices are high “due to the Democrats’ war on fossil fuels.”

“Claim: annamalai not made this statement regarding fuel price hike”

“Gov. Tony Evers brought Republicans and Democrats together to cut income taxes for the middle class.”

“In April 1997, there was a ‘gas out’ conducted nationwide in protest of gas prices. Gasoline prices dropped 30 cents a gallon overnight.”

PolitiFact says: There's no evidence a 1997 gas boycott reduced gas prices by 30 cents overnight. It often takes time for gas prices to respond to changes in demand, so it is unlikely a one-day boycott would drive down prices this much.

“Claim: H Raja not made this comment on tamil nadu govt budget”

“Comparing the price of oil and gas in June 2008 to March 2022 shows that oil companies are “price gouging.”

PolitiFact says: Experts said it takes time for gas prices to respond to drops in crude oil costs, and that’s not necessarily indicative of price gouging. The numbers are also cherry-picked to suggest the difference in prices is larger.

“The U.S. oil and gas industry has "9,000 permits" on federal land that "they could be drilling right now" to increase production and lower prices.”

FactCheck.org says: There were 9,173 approved and available permits for federal land by the end of 2021, but that’s not unusual, nor is it a quick process to start production on them.

“Make no mistake: The current spike in gas prices is largely the fault of Vladimir Putin.”

PolitiFact says: The most recent spike in gas prices has stemmed largely from Putin’s invasion of Ukraine. However, gas prices were rising long before the Russian troop buildup around Ukraine became front-page news.

“Claim: senthil balaji not made this comment on electricity tariff hike”

“Claim: annamalai not commented this about petrol price hike”

“The IRS is taking money away from people who received unemployment benefits.”

PolitiFact says: Receiving unemployment benefits does not mean that a federal income tax refund will be reduced.

“Our economy created over 6.5 million new jobs just last year, more jobs in one year than ever before in the history of the United States of America.”

PolitiFact says: Biden accurately cited the raw number of jobs created and the fact that it was bigger than any previous year for which data is available. However, looking at the percentage increase, it's not.

“Telangana government has raised huge loans from the World Bank”

FACTLY says: The total outstanding debt of the Telangana state are sourced through internal agencies like corporations, banks and also loans from the central government, loans from Provident fund etc. There are no debts due to borro…

“The $2 trillion tax cut passed in the previous administration … benefitted the top 1% of Americans.”

PolitiFact says: Biden has a point, but his claim omits tax benefits for other income groups.

“We used to invest almost 2% of our GDP in research and development. We don’t now.”

FactCheck.org says: Biden was likely referring to federal research funding, which has fallen below 2%. But total R&D funding, which includes private companies and nonprofits, is about 3% in the U.S.

“Says his plan, which called for “all Americans” to “pay some income tax to have skin in the game,” wasn’t a proposal to increase taxes for some Americans.”

PolitiFact says: Scott’s spokesperson said the senator was not proposing a tax increase but was mum on what he was proposing. Experts said that with the limited information provided, it wasn’t clear what else Scott could have meant.

“Claimed that he had not suggested increasing federal income taxes on "over half of Americans" in his 11-point plan.”

FactCheck.org says: Page 35 of the multipart policy plan states: "All Americans should pay some income tax to have skin in the game, even if a small amount. Currently over half of Americans pay no income tax."

“Says Jen Psaki said in January 2022 that people will start seeing direct deposits in their bank account this weekend and payments to eligible Americans will continue for several weeks.”

“Inflation has been caused by the global economies shutting down all at once, reopening all at once. And … the U.S. economy is recovering at a far faster pace than any other country in the OECD.”

PolitiFact says: The U.S. has experienced faster economic growth than most of its most direct global competitors, and experts agree that this has contributed to inflationary pressures. Other pressures include Biden's fiscal policy.