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Top ITEP News
Donald Trump · United StatesWMUR's partners at PolitiFact are examining President Donald Trump's claim that his tariffs could generate enough revenue to eliminate federal income taxes.See the Story
PolitiFact: Tariffs Couldn't Generate Enough Revenue to Eliminate Income Tax
44% Right coverage: 9 sources
Taxes · United StatesTreasury Secretary Scott Bessent probably confused a lot of taxpayers yesterday with a misleading statement accusing policymakers in Colorado, Illinois, New York, and the District of Columbia of somehow depriving their residents of federal tax cuts enacted in the recent Trump tax bill. Fox News announced Bessent’s statement this way: “Bessent blasts Democrat-led states for blocking Trump tax relief in OBBBA.” That’s incorrect. Whether they are g…See the Story
No, Scott Bessent: States Aren’t Taking Away Anyone’s Tax Cuts
80% Right coverage: 5 sources
Donald TrumpAmerican corporations use accounting gimmicks to make profits appear to be earned by subsidiaries in countries or jurisdictions known as tax havens, where they will be taxed very little or not at all, instead of in countries that would meaningfully tax them. This widespread problem could be fixed by Congress enacting legislation to implement a minimum tax on corporations that meets (and preferably exceeds) the standards of the global minimum tax…See the Story
Tax Haven Data Demonstrate Need for Global Minimum Tax Despite Opposition from Trump Administration
Coverage: 2 sources
