PeakMetrics / Fact Checks
Economy & business fact checks
Explore claims publishers have checked about economy & business. Read their original ratings and follow the evidence.
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Search by text or image7,093 published reviews in this topic
আমেরিকার মিসৌরিতে ব্যাচেলর থাকতে হলে ট্যাক্স দিতে হবে
Publisher’s rating: মিথ্যা
“It’s not fair the idea that in 2020, 55 of the biggest companies in America, the Fortune 500, made $40 billion in profits and paid zero in federal income taxes? Zero.”
Publisher’s rating: Subject to dispute
“For too many decades, we imported products and exported jobs. Now, thanks to all we’ve done, we’re exporting American products and creating American jobs.”
Publisher’s rating: Misleading
"No billionaire should pay a lower tax rate than a schoolteacher or a firefighter.”
Publisher’s rating: Misleading
“In the last two years, my administration cut the deficit by more than $1.7 trillion — the largest deficit reduction in American history.”
Publisher’s rating: Misleading
“No president added more to the national debt in any four years” than Donald Trump, and “nearly 25% of the entire national debt” was added by Trump.
Publisher’s rating: Lacks Context
“Inflation has fallen every month for the last six months, while take-home pay has gone up."
Publisher’s rating: Lacks Context
“In the last two years, my administration has cut the deficit by more than $1.7 trillion – the largest deficit reduction in American history."
Publisher’s rating: Misleading
"We've created ... 12 million new jobs. More jobs created in two years than any president has created in four years."
Publisher’s rating: Lacks Context
"For too many decades, we imported projects and exported jobs,” but now “we’re exporting American products and creating American jobs.”
Publisher’s rating: Misleading
"I stand here tonight after we’ve created, with the help of many people in this room, 12 million new jobs — more jobs created in two years than any president’s created in four years."
Publisher’s rating: Comparison lacks context
"In the last two years, my administration cut the deficit by more than $1.7 trillion."
Publisher’s rating: Needs context
Labor introduced a new beer tax
Publisher’s rating: Misleading
The claim arose from a January 28 Facebook post by Coalition MP Jason Wood, who said beer drinkers were facing a new Labor tax after excise rates rose by 3.7 per cent in February 2023, following a 4 per cent rise in August 2022. The investigation distinguishes a new tax from an increase in an existing tax: it reports that the rises followed the established automatic indexation system, rather than a new measure introduced by Labor. S1 says the duty increase was announced for February 1 and that alcohol excise “typically increases automatically every February and August — regardless of which party is in power.” The review explains that the excise is indexed to inflation. It quotes the ATO saying rates are adjusted twice a year based on upward movement in the consumer price index, and notes that the current arrangements had been in place for nearly 40 years. It also reports that the relevant legislation had not changed since Labor took office in May 2022. These details support the distinction between an automatic increase in the amount of an existing duty and the introduction of a new tax. The increase did raise the tax component of beer prices: the review estimates that the February adjustment added a little over three cents to the tax on a 570 mL pint at 5 per cent alcohol. But the post’s attribution to Labor omitted that the adjustment followed longstanding rules applying regardless of the party in power. The review also notes that excise rates can vary by beer type and that prices depend on factors beyond tax.
