Economy & business fact checks

“WV families making less than $400K & small businesses will NOT be targeted by the IRS.”

Publisher’s rating: Mostly True

"No one should have to choose between a job and a paycheck."

Publisher’s rating: Missing context.

“Biden’s banking nominee demands all ‘private bank accounts’ be eliminated”

Publisher’s rating: Mostly False

"Iran only had $4 billion in the foreign exchange when they took office. They now have $70 billion. Iran only produced 400,000 barrels of oil a day when they — when Biden took office. They now produce 3 million."

Publisher’s rating: Two Pinocchios

"In West Virginia, we have 20,000 jobs in which we don’t have skilled workers."

Publisher’s rating: Half True

"Back when I was studying it, two out of three families that ended up in bankruptcy after a serious medical problem had health insurance."

Publisher’s rating: Mostly True

“Since the week ending March 14, Wisconsin actually saw a drop in tourism spending compared to last year of $1.7 billion.”

Publisher’s rating: True

“McDonald’s (makes) you all sign noncompete contracts that you cannot go across town to try to get a job at Burger King.”

Publisher’s rating: False

Quickmart jobs

Publisher’s rating: FALSE

“Gasoline prices are now $5, $6, $7 and even $8 a gallon.”

Publisher’s rating: Mostly False

"Under President Biden ... the share of working age men choosing to work is the lowest it has ever been."

Publisher’s rating: False

Coca Cola casual jobs advertisement

Publisher’s rating: FALSE

"While Americans struggle to get ahead, he [Florida Gov. Ron DeSantis] increases taxes.”

Publisher’s rating: Misleading

“The mislabeled ‘Inflation Reduction Act’ will do nothing to bring the economy out of stagnation and recession, but it will raise billions of dollars in taxes on Americans making less than $400,000.”

Publisher’s rating: Not the Whole Story

„A sada je dostupna svima. Glavna prednost je osiguranje vašeg ulaganja što je vrlo važno u ovoj situaciji. Budući da je ova informacija bila skrivena, sada sam dužan podijeliti je sa cijelom zemljom. Uložite i već u prvom mjesecu počet ćete ostvarivati stabilan prihod. Projekt je odobren od strane Vlade, podržan na službenoj razini i donedavno je bio držan u tajnosti. Prema našim podatcima, sudionici zarađuju u prosjeku 30 eura na sat. To je oko 720 eura dnevno, odnosno više od 21 tisuća 600 eura mjesečno. Zarada raste svakim danom jer sustav koristi napredne tehnologije i umjetnu inteligenciju za automatizaciju trgovine. Program je jednostavan, dostupan svima i ne zahtijeva specifična znanja. Radi na bilo kojem uređaju, telefonu, tabletu ili računaru. Ovo je prilika za sve koji sanjaju o financijskoj slobodi, ali ne znaju odakle početi. Možda je danas početak vašeg puta prema financijskoj stabilnosti. Registracija traje samo nekoliko minuta. Jednostavno se prijavite, pričekajte poziv menadžera, dobit ćete besplatne konzultacije. Uložite i sustav će početi zarađivati za vas. Novac možete povući bilo kada na bilo koju bankovnu karticu. Djeluje sada. Vaš život može se promijeniti već danas.“

Publisher’s rating: Netočno, Dezinformacija

Says Alexandria Ocasio-Cortez's net worth is “over $1 million.”

Publisher’s rating: Pants on Fire

“CEOs are now making 400 times more than their average worker.”

Publisher’s rating: Mostly True

"The top 1% pays 90% of income taxes.”

Publisher’s rating: False

Foxconn “is the largest taxpayer in Racine County.”

Publisher’s rating: True

"Fill out this census form so you can get your stimulus check. That's how they going to know where to send the checks."

Publisher’s rating: False

The post said that people should complete the 2020 census form to receive a stimulus check, adding that the census would tell the government where to send payments. The review identifies the post as circulating on Facebook while the Trump administration and Congress were negotiating coronavirus relief payments. It addresses the same claim as the one assessed here: “Go to 2020census.gov and fill out this census form so you can get your stimulus check. That’s how they going to know where to send the checks,” the post claims. The review’s central evidence is that census responses could not determine eligibility for government benefits, including potential stimulus payments. It quotes the 2020 census website: “Your [census] answers cannot be used to impact your eligibility for any government benefits, including any potential stimulus package.” The article also describes the payment plan under discussion: it says the proposed Senate bill would use tax returns, not census information, to decide eligibility and payment amounts. The review therefore distinguishes the census’s purpose from the separate process for determining relief payments. The article says that the Constitution requires a census every 10 years to count the population, determine each state’s representation, and distribute federal funds, but that census participation was not a condition for receiving coronavirus relief. Its April 1 update reports that the president signed the $2 trillion stimulus package into law on March 27 and summarizes payment amounts and income thresholds. The update supplies later detail about the enacted package; it does not change the article’s explanation that census responses were not used to determine eligibility.