Economy & business fact checks

Labour lied when it said it will freeze gas and electricity prices to give people breathing space over winter.

Publisher’s rating: The document highlighted is from August 2022 and was in reference to the following winter. The promised freeze on bills was set to last only until April 2023, a period when Labour was still in opposition and had no control over energy pricing or relief measures.

“Trump was the mastermind of the GOP tax scam, where 83% of the benefits went to the wealthiest 1% in America.”

Publisher’s rating: Half True

"Since the end of the Cold War, in 1989, America has created about 51 million new jobs. … What’s the score? Democrats 50 (million), Republicans 1 (million)."

Publisher’s rating: Mostly True

“Since the end of the Cold War in 1989, America has created about 51 million new jobs. ... What’s the score? Democrats 50, Republicans 1.”

Publisher’s rating: Not the Whole Story

“83% of the benefits” from the Tax Cuts and Jobs Act “went to the wealthiest 1% in America.”

Publisher’s rating: Misleading

“Com mais de 10 milhões de dólares em empresas fora do Brasil”.

Publisher’s rating: Insustentável

The government granted income tax exemption to the Patanjali Research Foundation but did not exempt GST on research grants for IIT Delhi.

Publisher’s rating: MISLEADING

The review says the comparison is misleading because income-tax exemptions for research are also available to IITs, while the IIT Delhi issue concerns GST. It explains that education fees are NIL-rated for GST, but research equipment purchases are subject to GST.

Under Joe Biden, the U.S. produced "15 million jobs, higher wages, lower health care costs."

Publisher’s rating: Half True

“Unemployment was soaring” when Biden and Harris took office in January 2021.

Publisher’s rating: Mostly False

Related reporting states that Biden inherited an unemployment rate of 6.8% from Trump’s first term. That figure is relevant to the claim, but the supplied excerpt does not establish whether unemployment was “soaring” at the time.

"We cut childhood poverty by over 40% through an expanded child tax credit."

Publisher’s rating: Mostly True

Related reporting describes the expanded child tax credit as a benefit that paid parents monthly in 2021 and says it “slashed child poverty.” It also quotes Michael Bennet saying the credit “cut childhood poverty in America in half,” which is consistent with the claim that the reduction exceeded 40%.

"And on Page 587, Project 2025 would cut overtime pay for hardworking Americans."

Publisher’s rating: Half True

Former President Donald Trump “wants the middle class to pay the price for another huge tax cut that would mostly help him and his rich friends.”

Publisher’s rating: Unsupported

President Joe Biden delivered “higher wages” for American workers.

Publisher’s rating: Not the Whole Story

“Inflation [is] down, way down, and continuing to go down.”

Publisher’s rating: Not the Whole Story

Trump “created the largest debt any president had in four years with his $2 trillion tax cut for the wealthy.”

Publisher’s rating: Not the Whole Story

President Joe Biden created “a record 16 million new jobs.”

Publisher’s rating: Not the Whole Story

Investments in semiconductor manufacturing in the United States will create factory jobs that pay $100,000 a year for those without a college degree.

Publisher’s rating: Misleading

U.S. billionaires pay an average federal tax rate of 8.2%.

Publisher’s rating: Misleading

The review says the 8.2% figure was calculated by the White House and includes earnings on unsold stock as income. It notes that when only income is considered, top-earning taxpayers on average pay higher tax rates than lower-income groups.

Former President Trump “lost millions of jobs in America.”

Publisher’s rating: Lacks Context

On Inauguration Day in 2021, the United States was "in the grip of ... historic joblessness.”

Publisher’s rating: Misleading