01-31-2018, 09:39 PM
--The president wrongly said that the U.S. is “an exporter of energy to the world.” The Energy Information Administration estimates the U.S. won’t be a net exporter of energy until 2026.
--Trump again wrongly said that “we enacted the biggest tax cuts and reforms in American history.” There have been larger cuts as a percentage of gross domestic product and in inflation-adjusted dollars.
--The president said the new tax law gives “tremendous relief for the middle class.” The middle quintile in terms of income gets an average tax cut of $930 in 2018, but the top quintile gets a little more than 65 percent of the tax cut benefits.
--Trump said cutting the corporate tax rate will “increase average family income by more than $4,000.” This is a rosy, long-term estimate from White House economic advisers based on questionable assumptions.
--Trump wrongly said the Diversity Immigrant Visa Program “hands out green cards without any regard for skill … or the safety of the American people.” There are both education or work experience requirements, and a background check for all who are selected.
--Trump said that “America has also finally turned the page on decades of unfair trade deals.” But the trade deficit that he promised to reduce has grown larger during his presidency.
--Trump said the U.S. is “restoring our … standing abroad.” But a recent Gallup Poll found “approval of U.S. leadership across 134 countries and areas stands at a new low.”
More: https://www.factcheck.org/2018/01/factch...ate-union/
--Trump again wrongly said that “we enacted the biggest tax cuts and reforms in American history.” There have been larger cuts as a percentage of gross domestic product and in inflation-adjusted dollars.
--The president said the new tax law gives “tremendous relief for the middle class.” The middle quintile in terms of income gets an average tax cut of $930 in 2018, but the top quintile gets a little more than 65 percent of the tax cut benefits.
--Trump said cutting the corporate tax rate will “increase average family income by more than $4,000.” This is a rosy, long-term estimate from White House economic advisers based on questionable assumptions.
--Trump wrongly said the Diversity Immigrant Visa Program “hands out green cards without any regard for skill … or the safety of the American people.” There are both education or work experience requirements, and a background check for all who are selected.
--Trump said that “America has also finally turned the page on decades of unfair trade deals.” But the trade deficit that he promised to reduce has grown larger during his presidency.
--Trump said the U.S. is “restoring our … standing abroad.” But a recent Gallup Poll found “approval of U.S. leadership across 134 countries and areas stands at a new low.”
More: https://www.factcheck.org/2018/01/factch...ate-union/