President Biden has made some misleading statements during campaign and public events in recent weeks as he discussed taxes, industry, jobs and more.

As he seeks re-election, President Biden has been trying to sell voters on his approach to the economy and draw a contrast with his likely 2024 opponent, former President Donald J. Trump. During Mr. Biden’s administration, the economy has grown 3.1 percent from the end of 2022 to the end of 2023. The rate of inflation has dropped considerably since its summer 2022 peak (although it dipped less than economists had expected in January). And job gains continue. At recent public and campaign events, though, Mr. Biden has made some misleading statements about the economy, jobs and taxes. Here’s a fact check.

WHAT WAS SAID “We now have a thousand billionaires in America. You know what their average tax rate is — federal tax? 8.2 percent.” — during a campaign event in late January This is misleading. Mr. Biden was referring to a White House study that sought to use a “more comprehensive measure of income” than the way income is currently assessed. In other words, it offered a hypothetical on what the rate would be if the law was different.

WHAT WAS SAID “I signed the CHIPS and Science Act, which attracted $640 billion in private companies’ investments that are building factories, creating jobs in America again.” — during an event this month False. Estimates of private investments spurred by the CHIPS and Science Act, which gave billions to the chip industry, do not come in at $640 billion. By some measures, it is a fraction of that: One estimate by the Semiconductor Industry Association puts the figure at about $220 billion.

WHAT WAS SAID “And let’s get something straight. Trump talks about putting checks in pockets. But in 2021, as soon as I came to office, I was the guy who sent every one of you those $1,400 checks.” — during a campaign event in late January This needs context. Both Mr. Biden and Mr. Trump signed legislation providing stimulus payments to Americans as the United States grappled with the coronavirus. In March 2020, Mr. Trump signed a $2 trillion measure known as the CARES Act, which provided payments of $1,200 per person and an additional $500 per child. Months later, in December 2020, Mr. Trump signed a stimulus package that included $600 checks and an additional $600 per child. (He had pushed for the second round of payments to be increased to $2,000.) Two months after assuming office, in March 2021, Mr. Biden signed a $1.9 trillion economic relief package, called the American Rescue Plan Act, which provided payments of $1,400 per person and another $1,400 per child. WHAT WAS SAID “The only president other than Donald Trump that lost jobs during an administration was Herbert Hoover.” — during a campaign event in late January This needs context. Mr. Biden is correct that Mr. Trump ended his term with a negative jobs record — the only president to do so after World War II — but omits that this occurred because of the coronavirus pandemic.

But before the pandemic took hold, Mr. Trump had a positive jobs record. Jobs had increased from 145.6 million jobs in January 2017 to 152 million jobs in January 2020 — a rise of 6.4 million jobs, or 4.4 percent. About half of the nearly 22 million jobs lost in early 2020 were recovered before Mr. Trump left office.

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