Biden’s ‘Let-Me-Give-You-The-Facts’ Tweet Gets Instant Fact-Check From Twitter

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.”

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 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 from “Biden’s ‘Let-Me-Give-You-The-Facts’ Tweet Gets Instant Fact-Check From Twitter” HERE)

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