Reality verify: Biden makes deceptive claims when slamming Home GOP debt ceiling proposal

Chatting with union staff in Maryland on Wednesday, President Joe Biden took intention at Home Republicans’ request that he negotiate spending cuts in trade for a debt restrict hike as he sought to defend his work on the economic system.

Biden relied on a number of deceptive claims throughout an deal with aimed largely at discrediting Home Speaker Kevin McCarthy (R-CA) and the GOP plan McCarthy unveiled earlier within the afternoon.

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Listed here are among the cases wherein Biden stretched the reality.

'Putin’s warfare in Ukraine has disrupted power provides and meals provides, inflicting the worth of all the pieces from eggs to wheat to go up'

Whereas the Russian invasion of Ukraine did have an effect on grain costs final yr, the spike in the price of eggs has little to do with Ukraine.

Specialists say a lethal outbreak of chook flu killed a document variety of chickens and led to a scarcity of eggs beginning in 2022.

That led egg costs to climb no less than 60% final yr and contributed to larger prices for different kinds of meals merchandise that depend eggs amongst their elements.

Biden has misleadingly cited the warfare in Ukraine in different contexts, comparable to whereas defending the rise in gasoline costs, however his efforts to attach the egg scarcity to Ukraine are significantly far-fetched.

'In my first two years in workplace, I introduced the deficit down by a document $1.7 trillion'

This can be a frequent declare Biden has made when defending his administration’s document on the economic system.

Biden did certainly decrease the deficit throughout his first two years in workplace — however not as a result of he targeted on fiscal accountability.

As an alternative, the deficit fell as a result of a lot of the unprecedented pandemic spending that started in 2020 underneath Biden’s predecessor expired, comparable to the top of enhanced unemployment advantages.

Spending nonetheless stays nicely above pre-pandemic ranges underneath the Biden administration.

'Beneath my plan, nobody incomes lower than $400,000 has seen nor will see so long as I’m president a single solitary penny raised of their taxes'

Biden has maintained this line about taxes for the reason that days of the 2020 marketing campaign.

Relating to particular person revenue tax brackets, Biden has not violated that pledge nor proposed a change that will.

However his proposed will increase to company tax charges have precipitated some Republicans previously to accuse him of pushing tax will increase that will successfully tax individuals making lower than $400,000 a yr.

That’s as a result of, some consultants notice, companies would cross the upper tax burden on to their staff within the type of decrease wages or layoffs and to their prospects within the type of larger costs for items or companies.

The nonpartisan Tax Coverage Heart estimates that staff and prospects really feel no less than some, if not a major share, of all company tax burdens.

'MAGA Republicans in Congress wish to defund the FBI and the police'

Republicans are basically unanimous in opposing defunding the police underneath any circumstances.

Not even Trump-aligned Republicans have proposed chopping funding to police.

Former President Donald Trump has known as on congressional Republicans to chop FBI funding in retaliation for the a number of investigations he has confronted since leaving workplace.

Home Judiciary Chairman Jim Jordan (R-OH) has certainly floated the thought of threatening FBI and Justice Division funding however not particularly associated to Trump.

As an alternative, Jordan has mentioned Home Republicans ought to think about using the “energy of the purse” to carry the Justice Division to account on politically delicate points, comparable to its alleged disparate remedy of pro-abortion protesters and anti-abortion protesters.

'MAGA Republicans in Congress have launched a invoice that would take meals help away from 10 million children, individuals, 4 million kids, and put them prone to going hungry'

The Home Republican plan would increase work necessities to extra individuals receiving meals help, which might in idea end in some individuals being dropped from this system in the event that they don’t actively search for a job and attempt to keep on this system.

However that doesn’t imply thousands and thousands of individuals would lose their entry to advantages in a single day. The GOP proposal would merely elevate the age at which current work necessities would apply.

Home Republicans are additionally pushing to finish what they describe as loopholes that enable some states to waive current necessities for individuals hoping to obtain meals help.

Roughly 42.5 million individuals depend on the meals help advantages offered by the federal authorities. For Biden’s declare to come back true, meaning almost 1 in 4 recipients of the advantages must fail to fulfill work necessities that already apply to recipients as much as age 49. The GOP proposal would elevate that age to 65.

The Trump tax cuts 'overwhelmingly helped the tremendous [wealthy],' 'and that tax reduce ballooned the deficit by over 40%'

Each of those claims concerning the Trump-era Tax Cuts and Jobs Act are deceptive at finest.

First, these tax cuts decreased the tax burden for many households. Folks incomes underneath $50,000 noticed a modest tax reduce, and nearly everybody making above $50,000 noticed a considerable tax lower.

Whereas rich individuals did additionally obtain a discount of their taxes, as did companies, the tax cuts by design helped most taxpayers.

The declare that the tax cuts are accountable for ballooning the nationwide debt by 40% can also be inaccurate.

The nationwide debt did certainly develop by almost 40% on Trump’s watch, by $7.8 trillion, however once more, pandemic-related spending was accountable for a lot of that development,

The Tax Coverage Institute estimated that the Trump tax cuts would add $1.9 trillion to the deficit over a decade, far lower than the 40% improve over three years that Biden claimed.