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What Mr. McCarthy Said

“All you have to do as an American is spend $28 and the I.R.S. is going to knock on your door.”

This is misleading. This was a reference to a proposal by the Treasury Department requiring banks to report aggregate annual flows of $10,000 or more in customer accounts to better tackle tax evasion. (A previous version of the proposal suggested monitoring flows of $600.) Wages and federal benefits are exempt from the reporting requirement, and banks will not report individual transactions. But this proposal did not make its way into the social spending bill.

In a fact sheet, the Treasury Department said it was a “misconception” that all Americans would face greater scrutiny under the proposal.

Michelle Nessa, an accounting professor at Michigan State University and expert on tax audits, said that the bank reporting requirement was “unlikely to meaningfully increase audit risk for most people.”

What Mr. McCarthy Said

“We’re going to take taxes from you so somebody who makes $800,000 can get a tax break to buy a Tesla.”

False. The Democrats’ bill would increase tax credits for electric vehicles to $12,500 from $7,500 if the car is made in the United States with union labor and if its battery is also produced domestically. The credits cover sedans that cost up to $55,000 and zero-emission vans, SUVs and trucks that cost up to $80,000, so the Tesla Model 3, which starts in the mid-$40,000s, would qualify.

But the hypothetical almost-millionaire in Mr. McCarthy’s example would not qualify, as only individuals making $250,000 or less (and joint filers making $500,000 or less) can claim the credits under the bill.

What Mr. McCarthy Said

“More than one million people who lost their job after President Biden was sworn in because he shut down a pipeline. ”