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| Photo by Evan Agostini/Invision/AP, File |
OMG, IT’S HAPPENING!
A few moments ago, less than 24 hours after Elon Musk took over as Chief Twit of Twitter, a fact-check has been placed on one of Joe Biden’s @POTUS tweets because… he’s lying. Biden tweeted, “Let me give you the facts. In 2020, 55 corporations made $40 billion. And they paid zero in federal taxes. My Inflation Reduction Act puts an end to this.”
Not so fast, homie. Twitter took the opportunity to add context that said, “Out of the 55 corporations the tweet referenced only 14 had earnings greater than $1 billion and would be eligible under Biden’s tax law.” LOL --->READ MORE HERE
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| Photo/Manuel Balce Ceneta / AP Newsroom |
The Inflation Reduction Act imposed a minimum tax on corporations with average pre-tax earnings greater than $1 billion
President Biden on Friday was fact-checked by Twitter for inflating the number of corporations that were making billions.
In a tweet, purporting to give his followers "the facts," the president asserted that 55 corporations made $40 billion in 2020 and "paid zero in federal taxes."
The tweet included context added by readers, noting that Biden’s Inflation Reduction Act imposed a minimum tax on corporations with average pre-tax earnings greater than $1 billion.
It noted that of the 55 corporations mentioned by President Biden, only 14 had earnings greater than $1 billion and would be eligible under Biden’s tax law. --->READ MORE HEREFollow links below to related stories:
Twitter’s LIT as Joe Biden gets FACT-CHECKED, kick-starting Elon Musk era
Joe Biden's 'lies' fact-checked by Elon Musk's Twitter
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