Fact checking political advertisements on President’s spending plan, retirement
DETROIT – As Congress is still locked in talks over whether to pass President Joe Biden’s bipartisan infrastructure bill, some new political advertisements are making big claims about what it means for retirement funds.
The advertisements are being run by the PAC Common Sense Leadership Fun, a national group that is spending $10 million across seven states. In Michigan, the advertisements are targeting Democratic officials in moderate districts — such as Elissa Slotkin, Haley Stevens and Dan Kildee.
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Will the infrastructure plan raid retirement funds?
There are multiple claims in the the political advertisement, but the main one alleges that Biden’s plan will raid retirement funds of average American citizens.
This is false. While there’s always hyperbole in advertisements like this, this one goes a bit too far. Most of us are familiar with a 401k or IRA…