Trump Promises to Increase the child tax credit under his plan. Here’s what parameters matter
President Trump's plan increases the child tax credit from $2,000 to $2,200 per eligible child beginning in 2026, with the increase pegged to inflation.
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Trump Promises to End federal subsidies for EV buyers. Here’s the current credit structure
The Trump administration has effectively ended the federal EV tax credit that has been a cornerstone of electric vehicle incentives since 2009.
Trump Promises to Reduce Credit Card APRs. Here’s Why APRs Track the Fed
Credit card APRs track the Federal Reserve because card issuers use a formula that ties directly to the Fed's benchmark rate: Credit card APR equals the...
Trump Promises to Eliminate Federal Child Tax Credits. Here’s the Number of Families Affected
Despite headlines suggesting the Trump administration eliminated the federal child tax credit, that's not what happened.
Trump Claims Credit Card APRs Hit Historic Highs. Here’s the Average Rate
Credit card companies have pushed interest rates to near-record levels, with average APRs now hovering between 22.12% and 22.
Trump Claims Credit Card Delinquencies Are Surging. Here’s the Latest Rate
President Trump has claimed that credit card delinquencies are surging, but the latest data tells a more complicated story.
Trump Promises to Cancel Federal Housing Tax Credits. Here’s the Affordable Units Impacted
Trump has not promised to cancel federal housing tax credits. In fact, the opposite is true: the Trump administration signed a sweeping reconciliation...
Trump Claims Credit Card Fees Are the “Highest Ever.” Here’s the Average Fee Data
Trump's claim that credit card fees are at their "highest ever" is supported by concrete data from the Consumer Financial Protection Bureau.
Trump Claims Credit Card Debt Is the Highest Ever. Here’s the Total Balance
President Trump's claim that credit card debt is "the highest ever" is technically accurate. The United States hit a historic milestone in late 2025 when...
Trump Claims Credit Card Interest Rates Hit 30% Nationwide. Here’s the Average APR
Former President Trump has claimed that credit card interest rates are hitting 30% nationwide, using this figure to justify his push for a federal...