If you used your free time on Saturday or Sunday to watch football, you may have seen an ad run by Joe Biden’s campaign in which the narrator says that Biden won’t raise taxes on anyone earning less than $400,000 annually. The ad perpetuates the myth that the Tax Cuts and Jobs Act was a “tax cut for the rich.” As Chris Edwards of the Cato Institute notes, the Tax Cuts and Jobs Act “provided the largest percentage tax cuts to the bottom two quintiles—that is, the bottom 40 percent of U.S. households.”

On Wednesday, the Congressional Budget Office (CBO) released separate reports on the ten-year budget outlook and the financial outlook for major federal trust funds. The reports show the impact of COVID-19 on the economy, the failure of Congress to responsibly manage federal spending, and the cost of doing nothing to put federal entitlement programs on a sustainable financial path.

Co-authored by Luke Hogg, the program coordinator for FreedomWorks Foundation.

If we have learned one thing since January 20, 2017, it is that congressional Democrats will tie themselves into knots to oppose President Trump. We’ve also learned that the President’s opponents bristle at his self-proclaimed “America First” agenda. These trends have once again reared their ugly heads when it comes to the United States-Mexico-Canada Agreement (USMCA).

Created in 2003 as part of the Medicare Modernization Act, Part D of Medicare was designed to provide financial aid for prescription medication purchases of Medicare beneficiaries. As of 2018, 43 million people receive prescription drug coverage under Part D; 58% of those are on a stand-alone prescription drug plan, as opposed to the Medicare Advantage plans that provide supplementary coverage. Though is is open to all Americans who receive Part A and/or Part B benefits, Part D is an entirely optional program.