The most recent statement from President Joe Biden regarding his signature piece of legislation — the Inflation Reduction Act — was such a hot take that even Twitter was forced to turn on the president and flag the statements, seemingly suggesting that people be made aware of further context before interacting with the comment.
As we make the run-up to the 2022 midterm elections, Biden has chosen to make quite a few different campaigns stops for various Democratic candidates all over the country — and has spent quite a bit of time on social media platforms attempting to attack Republicans as “ultra-MAGA extremists” or bragging about his own actions in whats seems to be an effort drag various members of his part over the midterm finish line.
As expressed by Twitter, the Friday attempts from Biden to assist these other Democrat candidates seems to have finally crossed some line as the social media titan was forced to flag Old Uncle Joe’s tweet.
“Let me give you the facts, ” stated Biden via social media. “In 2020, 55 corporations made $40 billion. And they paid zero in federal taxes. My Inflation Reduction Act puts an end to this.”
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 flag, which was palced directly underneath the president’s tweet, included necessary context which was added by readers because “they thought people might want to know.”
“The Inflation Reduction Act imposed a minimum tax on corporations with average pre-tax earnings greater than $1 billion,” stated the addition, adding various links to other information sources such as Reuters and the government’s own website.
While making a nod to The Washington Post, the statement said, “Out of the 55 corporations the tweet references, only 14 had earnings greater than $1 billion and would be eligible under Biden’s law.”
“Elon buys Twitter and now they’re fact checking liberals. Finally. I love it,” highlighted Army Ranger veteran and former U.S. Senate candidate Sean Parnell (R-PA) via a social media post.
Elon buys Twitter and now they’re fact checking liberals. Finally.
I love it. https://t.co/da9yLXPVmL
— Sean Parnell (@SeanParnellUSA) October 30, 2022
“Omg that fact checked Biden. It’s like we’ve stepped into an alternate universe,” stated Brennon Chapman.
Omg that fact checked Biden. It’s like we’ve stepped into an alternate universe. https://t.co/BWS79Ok2cH
— Brennon Chapman (@BrennonChapman) October 29, 2022
“Check out the fact check below. I’m already loving @elonmusk‘s new @Twitter!” claimed Glenn Davis, a Virginia Delegate.
Further context was added by Viva Frei (@thevivafrei), spotlighted a statement from Sen. Lindsey Graham (R-SC). In this statement, Graham spotlighted an August statement from the Congressional Budget Office which claimed that the so-called “Inflation Reduction Act” from Biden would not do much, if anything at all, to drop inflation rates.
As reported by the CBO, Graham, who currently works as the ranking member on the Senate Budget Committee, claimed that the “proposal’s effect on inflation is negligible at best.”
Here’s a fact, Jack: your “inflation reduction act” won’t reduce inflation, you WEF tool. pic.twitter.com/zaqXR30nTf
— Viva Frei (@thevivafrei) October 29, 2022