AP FACT CHECK: Examining claims from the Democratic debate

WASHINGTON (AP) — Seven Democratic presidential candidates sparred Friday night in a wide-ranging debate held in the pivotal days before the New Hampshire primary.

A look at how some of their claims from Manchester, New Hampshire, compare with the facts:

ANDREW YANG, tech entrepreneur: “We have record high corporate profits in this country right now.”

THE FACTS: Corporate profits are high, but they’re not at record levels.

Companies earned $1.84 trillion in profits in 2018, slightly below the $1.86 trillion earned in 2014, according to the U.S. Bureau of Economic Analysis. But as a share of national income, corporate profits were 6.6% in 2018. That’s down from 7.6% in 2012 and significantly below the peak of 8.9% in 1929.

___

Associated Press writer Josh Boak contributed to this report.

___

EDITOR'S NOTE — A look at the veracity of claims by political figures.

___

Find AP Fact Checks at http://apne.ws/2kbx8bd

Follow @APFactCheck on Twitter: https://twitter.com/APFactCheck