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Biden and Trump just posted new ads. We checked them both out.



The Biden campaign launches two ads in battlefield states, one focused on reducing social tension in the US and another targeting the government in the area of ​​social security funding.
President Donald Trump’s campaign ad expresses the idea that the worst parts of the pandemic are behind us. It focuses on the progress of the vaccine and job creation, while going beyond remaining issues like the reopening of schools, the ongoing high number of cases and the 11.5 million jobs still lost by the pandemic.

Here are some of the misleading claims made in this ad flash.

Social Security

In one of his advertisements, Biden says that Trump “is proposing to cut a tax that pays almost half [of] Social security without making up for this loss of revenue. ”

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Biden references Trump’s comments on wage tax, which accounted for 89% of social security income in 2019, according to the Social Security Agency.

Facts first: Although Trump has proposed abolishing the payroll tax, his comments have been confusing. He said he would give up any deferred income tax and also eliminate the tax entirely. Trump has suggested that economic growth would cover the cost of removing the tax, which is highly dubious.

On Aug. 8, Trump signed an executive measure allowing employers to temporarily suspend payroll taxes on certain workers – the equivalent of 6.2% of their wages. It also left open the option to allocate the deferred tax later.
As CNN reported, many business leaders have spoken out against Trump’s move to defer the wage tax, arguing that if it were implemented, workers could potentially owe more taxes.
The Office of the Chief Actuary of the Social Security Administration recently conducted an impact analysis of the wage tax abolition at the request of Democratic senators. It found that the Social Security Trust Fund could be depleted in 2023 if there wasn’t a new source of income.

“End of wage tax”

In a press conference on Aug. 12, Trump said if he were re-elected, “we will end the payroll tax. So that means between $ 5,000 and more per family.”

At the beginning of the press conference, Trump said that if he was elected, he would “fully and completely forgive all deferred income taxes without affecting social security in any way – the money will come from the general fund”.

Fox News’ John Roberts later asked Trump, “If you permanently waive income tax, how will you pay for Social Security?”

Trump later said “we’re taking it out of the general fund” and suggested that “huge” economic growth would cover the loss of wage taxes.

With the general fund already trillions in debt, along with the fact that payroll taxes bring in more than a third of federal revenues, some view Trump’s belief that economic growth could make up for those losses as fantastic.

Additionally, only Congress can cancel the payroll tax, and it is unclear how Trump would get rid of the tax by the end of the year, given that the House is under Democratic control and it is difficult to get Senate Republicans on such a proposal.

White House staff have argued that Trump did not mean he was working to completely eliminate payroll taxes, but simply forgive all deferred payroll taxes.

‘Shut it down’

After the vaccine trial progress and job numbers were touted, the Trump campaign ad reads “But Joe Biden wants to change that” and plays a clip of Biden saying, “I would turn it off.”

“Why should we ever let Biden kill myriad American businesses, jobs, and our economic future?” The display continues.

Facts first: It is misleading. Biden answered a hypothetical scenario and did not propose a national shutdown.

The clip is from an ABC interview on Aug. 21 asking Biden what he would do if experts told him to close the country if he were president. Biden said, “I would turn it off. I would listen to the scientists.”

You can read the full exchange here.

Biden did not suggest closing the US now. In addition, the president cannot unilaterally close the country. They can offer guidance and take other action, but their power to control what restrictions states have put in place is limited.

CNN’s Tara Subramaniam contributed to this article.


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