Thread: Bidenomics

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  1. #1 Bidenomics 
    Senior Member Banacek's Avatar
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    Biden: First Thing We Gotta Do Is Go After People Clipping Coupons In The Stock Market

    Last night’s debate may not have had a clear winner, but Joe Biden might not have even been in the running. In the last major debate, Biden advised African-American parents to make sure they had their “record player on at night” in order to build their child’s vocabulary, an answer that was considered both racist and hopelessly anachronistic. That set up last night’s apparent stumble — or maybe, maybe an attempt at humor that ended in a faceplant. YMMV:

    Clipping coupons? We”ll get back to that, but it wasn’t Biden’s only problem in this answer — although you’d never know it by reading the New York Times transcript of the exchange. I included in bold what they left out:

    BIDEN: No, look. Demonizing wealth — what I talked about is how you get things done. And the way to get things done is take a look at the tax code right now. The idea — we have to start rewarding work, not just wealth. I would eliminate the capital gains tax — I would, I would raise the capital gains tax to the highest rate of 39.5 percent. I would double it. Because guess what? Why in God’s name should someone who is clipping coupons in the stock market pay a lower tax rate than someone who in fact is, like I said — a schoolteacher and a firefighter? It’s ridiculous, and they pay a lower tax. Secondly, the idea that we, in fact, engage in this notion that there are — there’s $1.64 trillion in tax loopholes. You can’t justify at minimum $600 billion of that. We could eliminate it all. I could go into detail had I the time.
    https://hotair.com/archives/ed-morri...-stock-market/
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  2. #2  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Babbling Biden.
    May the FORCE be with you!
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