Taxes Scorecard true 0% 199 Checks mostly true 0% 339 Checks half true 0% 375 Checks mostly false 0% 347 Checks false 0% 345 Checks Pants on Fire 0% 105 Checks For more details, see the Principles of PolitiFact All Fact-checks for Taxes stated on January 14, 2026 a statement New York ranks No. 1 in the nation for individual tax burden. By Jill Terreri Ramos • February 17, 2026 Elise Stefanik stated on November 7, 2025 a television interview Gov. Kathy Hochul has raised taxes. By Jill Terreri Ramos • December 11, 2025 Ron DeSantis stated on October 15, 2025 a speech In Florida, “68 to 70% of property tax revenue” is from “second homes, investment properties, commercial properties, Airbnb,” not primary residences. By Samantha Putterman • October 30, 2025 JD Vance stated on August 21, 2025 a speech in Peachtree City, Georgia “We had the biggest tax cut for families that this country has ever seen.” By Louis Jacobson • August 22, 2025 Americans for Prosperity stated on July 28, 2025 X “The (Evers) Era locked Wisconsin families into a 400‑year property tax increase.” By Hope Karnopp • August 15, 2025 stated on July 17, 2025 a post on X Under President Donald Trump’s newly signed tax law, “Those making less than $50,000 receive the largest (tax) cuts.” By Louis Jacobson • July 21, 2025 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.” By Louis Jacobson • July 18, 2025 Hakeem Jeffries stated on July 2, 2025 a House floor speech President Donald Trump’s tax law has “tax breaks for billionaires, permanent; tax breaks for everybody else, expire.” By Louis Jacobson • July 8, 2025 Donald Trump stated on June 29, 2025 an interview on Fox News' 'Sunday Morning Futures' The One Big Beautiful Bill will deliver the promise of “no tax on Social Security.” By Louis Jacobson, Loreben Tuquero • June 30, 2025 Elizabeth Warren stated on June 24, 2025 an X post “If every one of the 340 million people in America paid a new $35 copay to visit the doctor, that still wouldn’t be enough to cover how much Meta would get from just one tax break in Donald Trump's ‘Big Beautiful Bill.’" By Amy Sherman, Louis Jacobson • June 27, 2025 Occupy Democrats stated on June 11, 2025 Facebook post "Undocumented immigrants paid more taxes last year than Amazon, GM, IBM & Netflix combined." By Ella Moore • June 27, 2025 Donald Trump stated on June 24, 2025 a White House fact sheet If the “Big Beautiful Bill” passes, "hardworking Americans and families will see an average increase in take-home pay of OVER $10,000 per year." By Louis Jacobson • June 26, 2025 stated on June 2, 2025 Radio interview “The state of Illinois has a lower income tax rate than we do, and a flat tax. It’s almost half of what the top bracket here in Wisconsin is.” By Hope Karnopp • June 25, 2025 American Action Network stated on June 4, 2025 an ad The Republican tax and spending bill will provide a “tax cut for Social Security recipients.” By Loreben Tuquero • June 24, 2025 Donald Trump stated on June 5, 2025 a Truth Social post If the “Big, Beautiful” tax and spending bill doesn’t pass, “there will be a 68% tax increase.” By Louis Jacobson • June 10, 2025 Kathy Hochul stated on May 5, 2025 a television interview The state budget contains the largest middle class tax cut in 70 years. By Jill Terreri Ramos • June 1, 2025 Karoline Leavitt stated on May 19, 2025 a White House press briefing President Donald Trump’s tax and spending bill “does not add to the deficit.” By Louis Jacobson • May 21, 2025 Charles Schumer stated on April 27, 2025 an interview on CNN's "State of the Union" “It's estimated” that President Donald Trump’s tariffs will mean “American families would have to pay about $4,000 more a year.” By Louis Jacobson • May 5, 2025 Michael Lawler stated on March 21, 2025 a television interview “If we don’t pass the tax bill by the end of the year, we will have the largest tax increase in American history.” By Jill Terreri Ramos • April 22, 2025 Karoline Leavitt stated on March 11, 2025 a White House press briefing “Tariffs are a tax cut for the American people.” By Louis Jacobson • March 13, 2025 Load More Latest Articles Could $1,000 seed money in a Trump account multiply to $243,000? That’s without inflation and taxes By Louis Jacobson • February 3, 2026 Fact-check: President Trump’s speech on inflation, wages, military dividend By Louis Jacobson, Maria Briceño • December 18, 2025 Fact-checking Donald Trump’s statements on the economy in insult-laden Pennsylvania speech By Louis Jacobson • December 10, 2025 Trump sees a future without federal income taxes, but the tariff math doesn’t add up By Louis Jacobson • December 3, 2025 PolitiFact answers reader questions about the Big Beautiful Bill By Louis Jacobson • July 16, 2025 The child tax credit is changing. Here’s what it means for your family. By Chabeli Carrazana • July 15, 2025 Ask PolitiFact: How will the Republican megabill affect Social Security’s future solvency? By Louis Jacobson • July 3, 2025 Fact-checking falsehoods about Trump’s ‘Big Beautiful Bill’ and taxes, deficit, Medicaid By Amy Sherman, Louis Jacobson, Loreben Tuquero • June 24, 2025 Did Trump impose ‘the largest tax hike in our lifetime’? How it compares, as it’s currently proposed By Grace Abels • April 7, 2025 Fact-checking the New Hampshire gubernatorial debate on WMUR By Louis Jacobson • October 31, 2024 In ad, Harris says Trump would gut Medicare and preexisting condition coverage. Here are the facts By Samantha Putterman • October 30, 2024 How Donald Trump and Kamala Harris want to change your taxes By Louis Jacobson • October 9, 2024 Has Act 10 saved Wisconsin taxpayers $16.8 billion? Here’s what we could find By Hope Karnopp • December 13, 2023 Fact-checking the third GOP presidential debate in Miami November 9, 2023 Fact-check: How accurate are 2024 Republican presidential candidates’ attacks on one another? By Amy Sherman • August 21, 2023 Why Wesley Snipes and Kodak Black went to prison, but Hunter Biden likely won’t By Sevana Wenn • June 23, 2023 How much economic impact do film and TV production tax credits yield for states? By David Scibilia • May 3, 2023 New electric vehicle tax credit rules aim to reduce dependence on China, but present new obstacles By Matthew Crowley • May 1, 2023 PolitiFact readers respond to our fact-checks related to Biden, Trump April 3, 2023 Fact-checking 6 claims in Joe Biden’s budget speech on the economy, taxes and Medicare By Amy Sherman, Louis Jacobson • March 10, 2023 Latest promises about Taxes Donald Trump End taxation on overtime Overtime pay receives tax break in megabill | July 15, 2025 Donald Trump Restore the state and local tax deduction (SALT) Trump megabill temporarily increases state and local tax break | July 15, 2025 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 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 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 Enact tax credit for family caregivers No tax credit for caregivers in Trump’s megabill | July 10, 2025 Donald Trump End taxation on Social Security Older Americans get a tax deduction, but no elimination of Social Security taxation | July 7, 2025 Joe Biden Require all federal candidates to release tax returns Twin efforts to require tax return disclosure fail to make it to Biden’s desk | December 9, 2024 Joe Biden Offer up to $8,000 tax credit for child care Joe Biden expanded the child care tax credit as promised, but only for one year | December 4, 2024 Joe Biden No tax increase for anyone making less than $400,000 Biden keeps his pledge not to raise taxes on people earning under $400,000 | December 2, 2024 Joe Biden Establish an offshoring tax penalty Laws targeting overseas tax dodges fail to emerge from Congress | December 2, 2024 Joe Biden Raise corporate tax rate to 28% Provisions targeted at biggest companies replace hike to overall corporate tax rate | August 10, 2022 Latest promises about Taxes