Economy & business fact checks

Says Donald Trump is breaking a campaign pledge to bring manufacturing jobs back to Wisconsin and Pennsylvania since the two states "have lost the most manufacturing jobs in the past year."

Publisher’s rating: Mostly False

Vice President Kamala Harris “cast the tiebreaking votes that caused the worst inflation in American history, costing a typical American family $28,000.”

Publisher’s rating: Mostly False

Related reporting describes research on the Inflation Reduction Act, the 2022 law passed with a Senate tiebreaking vote by Vice President Kamala Harris. The research examined whether federal investment under the law affected House incumbents’ election results—not whether the law caused inflation or increased a typical family’s costs by $28,000. The researchers say they accounted for factors including district support for Trump, incumbents’ prior vote shares, campaign spending and district demographics. They report that doubling federal investment in a congressional district was associated with about a 0.9 percentage-point increase in the incumbent’s 2024 vote share relative to 2022; the reported electoral benefit applied to both Democratic and Republican incumbents. The excerpt says the researchers found no direct evidence that district economies improved between 2022 and 2024, and suggests credit-claiming by incumbents may help explain the electoral results. These findings concern funding and election outcomes. The supplied research excerpts do not report an estimate of the law’s effect on inflation or household costs, so they do not establish the claim’s $28,000 figure.

"Here in Wisconsin, prescription drug costs grew at a pace of nearly twice as much as the average Wisconsinite's income from 2015-2019."

Publisher’s rating: Mostly True

“Biden’s Treasury Department declares IRS will monitor” all accounts over $600.

Publisher’s rating: Mostly False

The United States is "#1 in oil consumption" in the world.

Publisher’s rating: Mostly True

Says that “over a 45-minute period that we had the press conference” on the coronavirus on March 13, 2020, the stock market set "an all-time record."

Publisher’s rating: Half True

“Elon Musk: ‘I am officially buying McDonald’s.”

Publisher’s rating: False

"The much-trumpeted job growth in the last year was ENTIRELY part-time jobs."

Publisher’s rating: Half True

The CEO of Starbucks just said, ‘If you support traditional marriage, don’t buy our coffee."

Publisher’s rating: False

The $1,200 coronavirus relief checks this year are “just an advance on your next tax return. … Next year, you're automatically going to owe $1,200 come tax season.”

Publisher’s rating: False

"Trump bailed out Wall Street, but not Main Street."

Publisher’s rating: False

"For the first time in history, most new hires of prime working age are minorities and women."

Publisher’s rating: Half True

"California's Attorney General, Xavier Becerra is putting together plans to raise property tax revenue by eliminating the only thing keeping some people's property tax from sky rocketing, Prop 13."

Publisher’s rating: False

“Before the pandemic, just over 40,000 were on continuing UI claims. Now, there are well over 100,000 on state or federal UI benefits.”

Publisher’s rating: True

"Since 1990, production of metals in the U.S. has held roughly constant, but the number of people employed in the industry has fallen steadily."

Publisher’s rating: True

“The Inflation Reduction Act led to higher taxes.”

Publisher’s rating: Mostly False

"Hidden in the CARES Act was an obscure $135 billion tax break for 43,000 millionaires."

Publisher’s rating: Mostly True

A photo shows a $123,199 turkey for sale at Target “this year.”

Publisher’s rating: False

The Trump administration has denied "4.2 million American workers overtime."

Publisher’s rating: Half True

Joe Biden’s tax plan would result in “doubling and tripling your taxes.”

Publisher’s rating: False