President Joe Biden’s latest boast, or whoever is posting for the mentally declining occupant in the White House, about the Inflation Reduction Act, was so untrue that even Twitter flagged the claim, adding a disclaimer that followers should be aware of additional context.
Basement Biden has been focusing on attacking Republicans as “ultra-MAGA extremists” or touting his own accomplishments in an effort to push members of his party across the finish line.
But according to Twitter, Biden’s Friday attempt to do just that crossed a line — prompting the platform to flag his tweet.
“Let me give you the facts,” Biden tweeted. “In 2020, 55 corporations made $40 billion. And they paid zero in federal taxes. My Inflation Reduction Act puts an end to this.”
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.
— President Biden (@POTUS) October 29, 2022
The flag, which appeared immediately below the president’s tweet on the platform, included context added by readers because “they thought people might want to know.”
“The Inflation Reduction Act imposed a minimum tax on corporations with average pre-tax earnings greater than $1 billion,” the addition explained, adding links to source information from Reuters and a government website.
Citing The Washington Post, the statement added, “Out of the 55 corporations the tweet references, only 14 had earnings greater than $1 billion and would be eligible under Biden’s law.”
“Elon buys Twitter and now they’re factchecking liberals. Finally. I love it,” Army Ranger veteran and former U.S. Senate candidate Sean Parnell (R-PA) tweeted in response.
Elon buys Twitter and now they’re fact checking liberals. Finally.
I love it. https://t.co/da9yLXPVmL
— Sean Parnell (@SeanParnellUSA) October 30, 2022
According to the CBO, Graham — who serves as the ranking member on the Senate Budget Committee — said the “proposal’s effect on inflation is negligible at best.”
Here’s a fact, Jack: your “inflation reduction act” won’t reduce inflation, you WEF tool. pic.twitter.com/zaqXR30nTf
— Viva Frei (@thevivafrei) October 29, 2022
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