Checked elsewhere

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.

Kamala Harris, Vice President of the United States

“Goldman Sachs, Moody's, Wharton School of Business and 16 Nobel laureates "have collectively determined" that her economic plan "would strengthen the economy" and former President Donald Trump's "would weaken it.”

FactCheck.org rated this: Misleading

FactCheck.org says: Harris was mostly correct in her description of Moody's Analytics, the Financial Times survey and the 16 Nobel laureates. But she is wrong about the Wharton analysis and exaggerates what Goldman Sachs said.

Social media posts

“Kamala Harris’ “plan to tax unrecognized Capital Gains mean(s) if your house goes up in value you will have to pay that Tax Even if you don’t sell your House!”

PolitiFact rated this: Mostly False

PolitiFact says: Under Vice President Kamala Harris’ plan, most Americans wouldn’t have to pay a tax on the appreciated value of their unsold assets. It would apply only to people with more than $100 million in wealth.

Kamala Harris, Vice President

“Former President Donald Trump "intends to enact what, in effect, is a national sales tax ... that would raise prices on middle-class families by almost $4,000 a year.”

PolitiFact rated this: Half True

PolitiFact says: The specific projected dollar impact on consumers varies. Two estimates we found broadly support Harris’ $4,000 figure; two others show a smaller — though still significant — impact.

Kamala Harris, Vice president of the United States

“The Inflation Reduction Act, what we have done to invest ... probably a trillion dollars over the next 10 years, investing in a clean energy economy. What we've already done creating over 300,000 new clean energy jobs.”

FactCheck.org rated this: Spins the Facts

FactCheck.org says: Not all the funding has come from the IRA, and her jobs figure is an estimate based on announced projects.

J.D. Vance, vice presidential nominee

“Anything that you lose on the tariff from the perspective of the consumer, you gain in higher wages, so you're ultimately much better off.”

PolitiFact rated this: False

PolitiFact says: Surveys have shown that the vast majority of economists believe tariffs’ negative impacts — which include higher costs for consumers — consistently outweigh the benefits. Academic studies bolster those views.

Donald Trump, Former President of the United States

“The Harris/Biden administration has been caught fraudulently manipulating job statistics. ... The new data from the Bureau of Labor Statistics shows that the administration padded the numbers with an extra ... 818,000 jobs that don’t exist.”

FactCheck.org rated this: False

FactCheck.org says: Each year, the Bureau of Labor Statistics revises its monthly employment figures, which come from a survey of employers, based on more comprehensive data it obtains later from state filings. It's a routine revision.