Economy and jobs

“Biden's liberal plan would force many family farms and ranches to be sold off to pay his higher capital gains taxes.”

FactCheck.org says: Biden's plan would tax heirs on the gain in value for assets, but would defer such taxes unless or until a farm is sold or no longer operated by the family.

“The annual Pentagon budget hovers over $750 billion annually, twice that of the much debated Build Back Better Act that costs about $350 billion annually as currently proposed.”

“Raising the debt limit is paying our old debts. It has nothing to do with new spending.”

PolitiFact says: New spending initiatives, such as the two bills Biden is currently backing in Congress, were not the immediate cause of the debt limit increase that Democrats in Congress enacted. But they aren’t entirely irrelevant.

“In case you forgot. Two years ago today, we were experiencing the greatest economy in the history of the world.”

PolitiFact says: Unemployment was near historical lows, but growth in gross domestic product was well below that of previous years, and other metrics such as wages and business investment were average or worse.

“Were you aware the $3.5 Trillion Human Infrastructure package includes an animal agriculture tax of $2,600‼️ per head of cattle? $500 for swine!!!”

PolitiFact says: Democrats are considering a legislative proposal to tax methane emissions by oil and gas producers as a way of curbing climate change. However, the proposal does not apply to methane released by livestock operations.

“Raising the debt limit is usually a bipartisan undertaking.”

FactStream says: During the Trump administration, Democrats joined Republicans three times to raise the debt limit. But there have also been times when the party in power had to raise the debt ceiling without the other party’s support.

“Raising the debt limit is usually a bipartisan undertaking.”

PolitiFact says: During the Trump administration, Democrats joined Republicans three times to raise the debt limit. But there have also been times when the party in power had to raise the debt ceiling without the other party’s support.

“In West Virginia, a gallon of gas is nearly one dollar more than it was a year ago, and we’re paying about 30 cents more for a gallon of milk than we did at this time last year.”

PolitiFact says: Various sources show that there was nearly a $1 increase in the price of a gallon of gasoline over the past year. Milk prices rose, but by less than 30 cents. The actual increase was about 18 cents a gallon.

“On tax cuts and repealing Wisconsin’s personal property tax on businesses.”

“The top 1% pays 90% of income taxes.”

FactStream says: The top half of taxpayers pay 97% of federal income taxes, according to the latest IRS figures.

“President Biden said no one making under $400,000 will see their federal taxes go up. That’s a lie, just like he lied about Afghanistan. In fact, under his plan, an average family who earns over $50,000 will see a tax increase.”

Washington Post says: McCarthy is basing his claim in part on a quirk in the 2017 tax law passed by Republicans

“A tank of fuel already costs £10 more than it did at the start of the year”

“Democrats “want to tax your retirement funds to pay for their new trillion dollar power grab.”

PolitiFact says: The ad implies that the proposal would touch average people, when in fact, it applies to a thin sliver of top income earners with at least $10 million in IRAs.

“The yearly cost of religious tax exemptions: $71 billion. If the church paid taxes, everyone would only have to pay 3% taxes.”

PolitiFact says: The federal income tax revenue that would be generated by removing the tax exemption for churches would not be enough to reduce income tax rates for individuals to 3%.

“Democrats are responsible for the massive spending and debt growth, they alone need to take responsibility for raising the debt limit.”

PolitiFact says: The national debt has grown over the decades through both Republican and Democratic actions, including rising by $7.8 trillion under Donald Trump.

“Reliance Jio is going to acquire Federal Bank and the deal has been done for Rs 73616 crore”

Vishvas News says: Reliance spokesperson said that this is just a rumour

“PM Modi visited America to get a loan of 3.5 lakh crore dollars from the World Bank as the Indian economy has seen an all-time low.”

“Wisconsin Governor (Tony) Evers wanted to raise your taxes by $1 billion in a pandemic. Republicans stopped him and delivered the largest tax CUT in state history.”

“As a result of the massive decline in natural gas prices, we’re saving 11,000 lives per year in the U.S.”

PolitiFact says: He fairly relayed the findings of a study, but the study had its limits. And other works links fossil fuel-driven climate change to thousands of heat-related deaths.

“The past debt ceiling paid for everything in the Trump administration, plus seven months of this Biden administration.”