Economy

Scorecard

true
0% 305 Checks
mostly true
0% 427 Checks
half true
0% 469 Checks
mostly false
0% 319 Checks
false
0% 370 Checks
Pants on Fire
0% 89 Checks
For more details, see the Principles of PolitiFact

All Fact-checks for Economy

Donald Trump
Donald Trump
stated on January 27, 2026 remarks at a restaurant in Iowa
“We right now have more factories and plants being built in our country than we've ever had before.”
Half-True
By Louis Jacobson • February 9, 2026
Gretchen Whitmer
Gretchen Whitmer
stated on February 2, 2026 a Substack
Under Michigan Gov. Gretchen Whitmer, there are “fewer families living in poverty” than under her predecessor.
Half-True
By Amy Sherman • February 6, 2026
Donald Trump
Donald Trump
stated on January 11, 2026 remarks to reporters
Credit card companies would be “in violation of the law” if they don’t cap interest rates at 10% by Jan. 20.
False
By Louis Jacobson • January 12, 2026
Donald Trump
Donald Trump
stated on November 6, 2025 remarks at a dinner
Walmart’s 2025 package of Thanksgiving dinner ingredients shows a “25% reduction in costs for Thanksgiving between (President Joe) Biden and me.”
Mostly False
By Louis Jacobson • November 14, 2025
stated on October 26, 2025 an interview on NBC's "Meet the Press"
"Overall, the inflation since President Trump” took office “has come down."
Half-True
By Louis Jacobson • October 29, 2025
X posts
X posts
stated on September 19, 2025 an X post
Thirty percent of U.S. medical residents are international medical graduates, and 10,000 of 43,000 residency spots are filled by H-1B visa holders.
Half-True
By Maria Briceño • October 2, 2025
Donald Trump
Donald Trump
stated on September 19, 2025 an exchange with reporters in the White House
The U.S. currently has “no inflation.”
False
By Louis Jacobson • September 24, 2025
Donald Trump
Donald Trump
stated on August 26, 2025 a Cabinet meeting
“Groceries are down. Energy is way down. ... Was $4 and $5 for a gallon of gas.”
Half-True
By Louis Jacobson • September 5, 2025
Donald Trump
Donald Trump
stated on August 26, 2025 a Cabinet meeting
“The average American worker has already seen a $500 wage increase this year.”
Half-True
By Louis Jacobson • September 5, 2025
Donald Trump
Donald Trump
stated on August 5, 2025 an interview on CNBC
Bureau of Labor Statistics employment numbers “were rigged” when the agency revised them “down by almost 900,000 jobs” after the 2024 election.
Pants on Fire!
By Louis Jacobson • August 5, 2025
Ritchie Torres
Ritchie Torres
stated on July 20, 2025 an interview on CNN's "State of the Union"
“Since Donald Trump's inauguration, we have seen an 11% decline in the value of the dollar, the steepest decline in more than a half a century.”
Mostly True
By Louis Jacobson • July 25, 2025
Gavin Newsom
Gavin Newsom
stated on July 14, 2025 a podcast interview
“California provides $83.1 billion more than we receive from the federal government. Texas? Receives $71.1 billion more than they provide to the federal government. 71% of the U.S. GDP comes from blue counties.”
Mostly True
By Louis Jacobson • July 18, 2025
stated on July 6, 2025 an interview with CBS News' "Face the Nation"
A Congressional Budget Office estimate of people who stand to lose insurance from President Donald Trump’s tax and spending law said “about 5 million … have other insurance,” so “if they lose one (type of coverage), they're still insured.”
Mostly False
By Louis Jacobson • July 11, 2025
Donald Trump
Donald Trump
stated on June 25, 2025 a Truth Social post
New York City mayoral candidate Zohran Mamdani is a communist.
False
By Amy Sherman, Ella Moore • June 26, 2025
stated on May 18, 2025 remarks on NBC's "Meet the Press"
“Gasoline prices have collapsed under President Trump."
Mostly False
By Louis Jacobson • May 20, 2025
Donald Trump
Donald Trump
stated on May 8, 2025 an event in the White House
Declining cargo traffic at U.S. ports “means we lose less money. … When you say it's slowed down, that's a good thing.”
False
By Louis Jacobson • May 16, 2025
Donald Trump
Donald Trump
stated on May 8, 2025 an interview with NBC's "Meet the Press"
“We have now close to $10 trillion” in investments. “We’re talking about essentially two months.”
False
By Louis Jacobson, Madison Czopek • May 8, 2025
Tim Walz
Tim Walz
stated on April 6, 2025 an interview
“Less than half of Americans have $1,000 in savings.”
Mostly False
By Claire Cranford • April 16, 2025
Donald Trump
Donald Trump
stated on April 9, 2025 remarks at a White House event
In 2024, “China made $1 trillion off trade with the United States.”
False
By Louis Jacobson • April 11, 2025
Donald Trump
Donald Trump
stated on April 8, 2025 a speech
The U.S. is “taking in almost $2 billion a day in tariffs.”
False
By Amy Sherman • April 10, 2025
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Latest promises about Economy

Donald Trump
Donald Trump
Adopt a four-year plan to phase out Chinese imports
Trump has not released a four-year plan to phase out China imports | February 19, 2026
Donald Trump
Donald Trump
Create deregulated “freedom cities” on federal land
Despite some outside activity, Trump hasn’t moved to advance ‘freedom cities’ | February 10, 2026
Donald Trump
Donald Trump
Put a temporary cap of 10% on credit card interest rates
Trump calls for 10% cap, but legislation hasn’t gone anywhere | January 29, 2026
Donald Trump
Donald Trump
Reduce prices for groceries, cars, and other consumer items
Inflation persists for a wide range of items in first year of second Trump term | January 20, 2026
Donald Trump
Donald Trump
End taxation on overtime
Overtime pay receives tax break in megabill | July 15, 2025
Donald Trump
Donald Trump
Restore the state and local tax deduction (SALT)
Trump megabill temporarily increases state and local tax break | July 15, 2025
Donald Trump
Donald Trump
Make interest on car loans tax deductible
Trump megabill includes tax break for car loans | July 14, 2025
Donald Trump
Donald Trump
End taxation on tips
Trump’s tax bill includes broad exclusion for tip income. It expires in 2028 | July 14, 2025
Donald Trump
Donald Trump
Reduce corporate tax rate for companies making products in the U.S. to 15%
Trump megabill includes benefits for domestic investment, but no corporate rate cut | July 14, 2025
Donald Trump
Donald Trump
Provide a middle-class, upper-class, lower-class, business-class big tax cut”
Trump signs extension of 2017 tax law, plus new cuts | July 14, 2025
Donald Trump
Donald Trump
Stop China from buying land in the U.S.
New USDA plan seeks to crack down on Chinese ownership of U.S. farmland, advancing Trump’s promise | July 11, 2025
Donald Trump
Donald Trump
Create “baby bonuses” for young parents
Trump’s tax bill includes $1,000 bonus for U.S. citizen newborns through 2028 | July 9, 2025
Latest promises about Economy