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Latest Fact-Checks In Economy

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Ron Johnson
Ron Johnson
stated on August 7, 2022 in News release:
"Last year the IRS audited Americans earning less than $25,000 a year at five times the rate of other groups."
Mostly True
By D.L. Davis • August 25, 2022
Joe Biden
Joe Biden
stated on August 16, 2022 in remarks at the White House:
The American Rescue Plan “helped create nearly 10 million new jobs.”
Mostly False
By Louis Jacobson • August 24, 2022
Rebecca Kleefisch
Rebecca Kleefisch
stated on July 6, 2022 in TV ad:
“Tim Michels pushed for years to raise (Wisconsin’s) gas tax.”
Mostly False
By Madeline Heim • August 5, 2022
Viral image
Viral image
stated on July 30, 2022 in a Facebook post:
The Atlantic published a story titled “Quiet Courage of Biden’s Negative Growth Economy”
False
By Andy Nguyen • August 1, 2022
Janet Yellen
Janet Yellen
stated on July 24, 2022 in an interview on NBC's "Meet the Press":
"We've cut the deficit by a record $1.5 trillion this year."
Half-True
By Louis Jacobson • July 28, 2022
Instagram posts
Instagram posts
stated on July 25, 2022 in social media posts:
‘The White House is now trying to protect Joe Biden by changing the definition of the word recession.'
False
By Louis Jacobson • July 27, 2022
Tim Michels
Tim Michels
stated on June 23, 2022 in Twitter:
“My company was building the Keystone Pipeline when (President Joe) Biden canceled it.”
Mostly True
By Kelly Smits • July 21, 2022
Ron Johnson
Ron Johnson
stated on June 28, 2022 in Twitter:
"Thanks to failed Dem policies, beer is 9.1% more expensive."
Half-True
By Laura Schulte • July 18, 2022
Instagram posts
Instagram posts
stated on July 14, 2022 in an Instagram post:
Video shows Biden giving the "same exact speech" months apart.
False
By Yacob Reyes • July 15, 2022
Facebook posts
Facebook posts
stated on July 7, 2022 in a Facebook post:
“Adults over 51 can receive $$$ in additional spending for groceries and expenses.”
False
By Andy Nguyen • July 14, 2022
Liberal Groups
Liberal Groups
stated on June 2, 2022 in Public statement:
"Milwaukee’s hotels and restaurants are already filled during the summer. The RNC convention will simply replace those who normally visit our city."
Mostly False
By Vanessa Swales • July 12, 2022
Cavalier Johnson
Cavalier Johnson
stated on May 27, 2022 in News conference:
The RNC is “a $200 million economic infusion into our communities.”
Half-True
By Vanessa Swales • July 8, 2022
Nikki Haley
Nikki Haley
stated on July 4, 2022 in a tweet:
The cost of a Fourth of July cookout in 2022 increased by 67.2% because of inflation.
False
By Louis Jacobson • July 5, 2022
Abigail Spanberger
Abigail Spanberger
stated on June 16, 2022 in an op-ed.:
“The four big meat packers are raking in record profits … ”
True
By Warren Fiske • June 30, 2022
Lawrence Summers
Lawrence Summers
stated on June 17, 2022 in an interview with Barron's:
“When you have unemployment below 4% and inflation above 4%, recession always follows within two years.”
Mostly False
By Louis Jacobson • June 23, 2022
Joe Biden
Joe Biden
stated on June 16, 2022 in an interview with the Associated Press:
“In every other major industrial country in the world … inflation is higher.”
Half-True
By Louis Jacobson • June 22, 2022
Viral image
Viral image
stated on June 17, 2022 in a post on Facebook:
An image shows gas prices on Jan. 6, 2021.
False
By Grace Abels • June 21, 2022
Ted Cruz
Ted Cruz
stated on June 4, 2022 in a tweet:
"The impact of President Biden being beholden to the Green New Deal radicals in his party has electricity costs through the roof in Texas."
False
By Nusaiba Mizan • June 21, 2022
Karine Jean-Pierre
Karine Jean-Pierre
stated on June 13, 2022 in a press briefing:
When Joe Biden “walked into this administration … 20 million people were on unemployment insurance benefits.”
False
By Louis Jacobson • June 14, 2022
Glenn Grothman
Glenn Grothman
stated on May 21, 2022 in Newsletter:
"Nearly 60% of all student loan debt is held by the rich and upper-middle class," so forgiveness would give the wealthy a "financial windfall" but not really help low-income people.
Half-True
By Laura Schulte • June 10, 2022
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