President Biden's recent remarks during his campaign swing in Pennsylvania have been subject to fact-checking, revealing several false or misleading claims.
Biden's earnings: Biden falsely claimed that he never made $400,000 in a year. However, his joint tax filings with the first lady showed income well above $400,000, including millions in 2017 and 2018 from book deals and speeches.
Biden's cap on seniors' prescription drug spending: Biden inaccurately stated that starting in 2024, seniors' prescription drug costs would be capped at $2,000 annually. The correct implementation date is 2025, and the cap is subject to change based on inflation. Additionally, it does not apply to all prescription drugs.
China's demographics: Biden claimed that China has more retired people than working people, which experts say is an overstatement and premature. While China's working-age population is shrinking as its population ages, the number of retirees does not currently exceed the number of working people.
Biden's corporate minimum tax: Biden claimed that no big corporations would pay zero federal taxes due to the 15% minimum tax he signed into law. However, this claim is exaggerated, as the tax only applies to corporations with over $1 billion in annual income, and some profitable corporations may still pay no federal income tax.
Billionaires and taxes: Biden cited an average federal tax rate for billionaires as 8.3%, but this figure is based on an alternative calculation that includes unrealized capital gains. The actual tax rate paid by billionaires under current law is higher than 8%.
Biden and the budget deficit: Biden boasted about cutting the federal deficit by over $1 trillion, but experts note that this reduction was largely due to the expiration of pandemic relief spending from the previous administration. Biden's own policies have contributed to higher deficits overall.
Biden's visits to Iraq and Afghanistan: Biden falsely claimed to have visited Iraq and Afghanistan 36 to 38 times as a senator and vice president. His actual visits, according to his 2020 campaign, total 21 occasions.
Biden's uncle in World War II: Biden told a dramatic story about his late uncle being shot down in New Guinea and possibly eaten by cannibals, but the Defense Department's official account of the incident does not mention cannibalism or being shot down. It describes the plane crashing in the ocean off the coast of New Guinea.
These fact-checks highlight the importance of verifying political claims to ensure accurate information is presented to the public.
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