President Trump’s claims that tax cuts sparked major U.S. investments

The following article by Salvador Rizzo was posted on the Washington Post website February 15, 2018:

The president has a tendency to claim credit where credit is not due — particularly when it comes to business deals. (Meg Kelly/The Washington Post)

“GM Korea company announced today that it will cease production and close its Gunsan plant in May of 2018, and they’re going to move back to Detroit. You don’t hear these things, except for the fact that Trump became president. … Also, you saw Chrysler moving from Mexico to Michigan.”
—President Trump, in remarks at the White House, Feb. 13, 2018

“Because of our tax cuts, Apple is investing $350 billion in the United States. … And two days ago, ExxonMobil, in addition to many others, just announced that they are investing $50 billion in the United States. So the good news just keeps on rolling in.”
—Trump, in remarks to congressional Republicans, White Sulphur Springs, W.Va., Feb. 1, 2018

Trump has been on a good-news kick lately, claiming that several multinational corporations are bringing jobs, factories or profits back to the United States because of the tax overhaul he signed in December. Continue reading “President Trump’s claims that tax cuts sparked major U.S. investments”