President Joe Biden addressed a joint session of Congress last Wednesday. During his speech, the president made a number of misleading and inaccurate statements. Here’s a breakdown of Biden’s falsehoods: While discussing the state of the economy, Biden took a moment to criticize the tax cuts passed by his predecessor, saying: “Look, the big tax cut of 2017. Remember, it was supposed to pay for itself—that was how it was sold—and generate vast economic growth. Instead, it added $2 trillion to the deficit. It was a huge windfall for corporate America and those at the very top. Instead of using the tax saving to raise wages and invest in research and development, it poured billions of dollars into the pockets of C.E.O.s.”
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