Fact check: Biden falsely credits tax that took effect in 2023 for deficit reduction in 2021 and 2022

President Joe Biden falsely said on Wednesday that his new corporate minimum tax is the reason the federal budget deficit declined in 2021 and 2022. In reality, that tax didn’t even come into effect until the beginning of 2023.

(SOURCE) https://www.cnn.com/2023/03/16/politics/fact-check-biden-deficit-minimum-tax/index.html


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