In his speech at the Steamfitters Local 602 in Springfield , Biden made several claims about the current state of the economy…reports Asian Lite News
US President Joe Biden delivered speech last week to hail the economic progress his administration has made during his tenure, but is not facing backlash from fact-checkers.
The president spoke at the Steamfitters Local 602 in Springfield on Thursday. In his speech, he made several claims about the current state of the economy, reported Fox News.
However, fact-checkers from CNN and the House Ways and Means committee called his claims false and misleading, according to an NDTV report.
CNN reporter Daniel Dale accused the US President of making misleading statements. “Some of Biden’s claims in the speech were false, misleading or lacking critical context, though others were correct,” Dale said in his piece examining Biden’s remarks.
Biden, in his speech, claimed that his administration has “funded 700,000 major construction projects – 700,000 all across America,” the White House admitted that’s not the case, it was reported.
Dale wrote, “Biden’s ‘700,000’ figure is wildly inaccurate; it adds an extra two zeros to the correct figure Biden used in a speech last week and the White House has also used before: 7,000 projects.”
Dale also talked about Biden’s claim that only “3.5 million people had been – even had their first vaccination” when Donald Trump left office in January 2021.
However, the actual number was around 19 million, according to Centers for Disease Control and Prevention data, it was reported.
Biden also claimed that billionaires “pay virtually only 3 per cent of their income now – 3 per cent, they pay.”
On this, Dale said that Biden’s ‘3%’ claim is incorrect. “For the second time in less than a week, Biden inaccurately described a 2021 finding from economists in his administration that the wealthiest 400 billionaire families paid an average of 8.2% of their income in federal individual income taxes between 2010 and 2018,” he said.
“After CNN inquired about Biden’s “3%” claim on Thursday, the White House published a corrected official transcript that uses “8%” instead. Also, it’s important to note that even that 8% number is contested, since it is an alternative calculation that includes unrealized capital gains that are not treated as taxable income under federal law.”
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