Kirsters Baish – Opinion | Former Vice President/Presidential hopeful Joe Biden stated that if elected President, his first move would be to “reverse the Trump tax cuts. Yes, the same tax cuts responsible for added pay and benefits to employees, tax cuts that spurred new investment, and tax cuts that led to record tax revenue collections. In other words, he wants pay cuts and reduced benefits for employees, he wants to kill off new investments, and wants to reduce the amount of money the government takes in for taxes. In other words, he wants to return to the disastrous Obama economy. If he were to be elected, you can expect the stock market to crash immediately. The market shot up as soon as Trump was elected, because investors knew that he could turn the Obama economy around,” according to DavidHarrisJr.com.
Former Vice President Joe Biden said Monday that his first order of business if he is elected president is to repeal the Tax Cuts and Jobs Act.
Biden made the remark in Washington, D.C. during the Poor People’s Campaign Presidential Forum at Trinity Washington University. The event features low-income Americans asking questions of ten Democratic presidential candidates, including Biden, Vermont Sen. Bernie Sanders, and Massachusetts Sen. Elizabeth Warren.
Biden was asked by one individual attending the event how he planned on combating the “lie of scarcity” in regards to resources. He claimed that there was “plenty of money” in our country, promising to obtain some by repealing Trump’s tax cuts.
“Number one, we have the greatest income inequity in the history of the United States of America since 1902, and the fact of the matter is, there is plenty, plenty of money to go around,” Biden stated. “The first thing I would do as president is eliminate the president’s tax cut.”
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— RNC Research (@RNCResearch) June 17, 2019