Friday, 16 November 2018

Fact Checker: Is Trump’s tax cut mostly benefiting the top 1 percent?

 
Democracy Dies in Darkness
 
 
Fact Checker
The truth behind the rhetoric
 
 

Is Trump's tax cut mostly benefiting the top 1 percent?

Democrats are no fans of Trump or his tax cut. But when Rep. David Cicilline (D-R.I.) claimed, "83 percent of [the cut goes] to the top 1 percent," the claim caught our eye. Fox News anchor Maria Bartiromo pushed back on Cicilline's point in the moment, noting, "the tax cut plan lowered all income levels." The conversation devolved from there. Both people claimed the other was making a false point.

In 2018, most taxpayers can expect some kind of a tax cut. The wealthy will see the biggest cuts, but they also pay the largest percentage of taxes. But by 2027, 82.8 percent of the tax cuts will flow to the top one percent. That's because individual tax cuts are scheduled to expire over the course of the decade. But given what's happened in the past, it would be surprising if lawmakers allowed this to happen. While neither person is totally wrong, they are both only telling half of the story. Cicilline earns Two Pinocchios.

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Trump's week fanning the conspiratorial flames

President Trump fueled conspiracies this week, offering plenty of speculation and no evidence.

He rattled off a series tweets about the forest fires in California, the recount in Florida's races for Senate and governor and a stock market plunge. The fires aren't a result of "gross mismanagement" of California forests, as the president claimed. As vote counting continued in Florida, the tally increased for both parties — not just Democrats. And the stock market's turn could be attributed to a dip in the tech sector and signs that Apple was slowing production, not the Sunday show banter.

Days later, the president doubled down on his claims of electoral trouble. In an interview with the Daily Caller he made false claims about voter ID laws (no, you don't need ID to buy cereal) and imaginary voters being bused to New Hampshire. The claims were so steeped in fantasy, it led us to wonder if the president hadn't dreamed it all up.

 

A short history of disinformation

With the midterms mostly behind us, the 2020 race for president is coming into view. And while we don't know who is running, it's abundantly clear that disinformation — from Pizzagate to paid protesters — will be a factor. But how did we get here? "Operation infektion" is a new three part series by the New York Times that lays out the timeline — from the KGB spies who originated the practice to efforts of Eastern European countries to limit its influence.

We're always looking for fact-check suggestions.

You can also reach us via email, Twitter (@GlennKesslerWP, @mmkelly22, @rizzoTK or use #FactCheckThis), or Facebook (Fact Checker). Read about our rating scale here, and sign up here for our weekly Fact Checker newsletter.

Scroll down for this week's Pinocchio roundup.

— Meg Kelly

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