Fact-checking Economic Promises

From Marketplace, I'm Sabrie Beneshore,

in for David Brancaccio.

The Republican National Convention in Milwaukee came to a close last night

as President Trump formally

accepted his party's nomination for president. Economic themes were

sprinkled throughout Trump's acceptance speech. Marketplace's Nancy Marshall

Genser has more.

Former President Trump issued calls for unity, but also spent a fair amount of time criticizing

President Biden's economic record.

He called the U.S. a nation in decline and proposed tax cuts.

At the center of our plan for economic relief are massive tax cuts for workers that

include something else that stood out to be very popular actually.

It's called no tax on tips.

But actually any big changes to tax law like that would have to go through Congress. It's in

charge of writing and passing legislation. Also any tax cuts Congress did

approve would add to the federal deficit. Former President Trump didn't say how or if he would offset the

cost of any new tax breaks, if he were elected for a second term, he also said he

could bring down inflation

inflation crisis immediately bring down interest rates and lower the cost of

energy we will drill baby drill

actually the federal reserve is in charge of interest rates.

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