Democratic Primary Debate at The Citadel, sponsored by YouTube and CNN: on Tax Reform


Joe Biden: Take away $85B in annual tax cuts for 1% of top earners

We are giving people tax breaks who don’t need it. The top 1% got an $85 billion a year tax break. It is not needed. My dad used to have an expression--don’t tell me what you value; show me your budget. We need more revenue to be able to pay for the things the governor and everybody else talks about. And there’s only one way to do it. You either raise taxes or take tax cuts away from people who don’t need them. I’d take them away from people who don’t need them.
Source: 2007 YouTube Democratic Primary debate, Charleston SC Jul 23, 2007

Joe Biden: FactCheck: Top 1% only got $67B in 2007 tax cuts, not $85B

Biden got just a little ahead of the facts when describing how much the rich benefit from Bush’s tax cuts. Biden said, “The top 1% got an $85 billion a year tax break. It is not needed.”

Actually, the most affluent 1% of taxpayers will get about a $67 billion tax break this year, compared with what they would have paid without the Bush tax cuts. But the total is getting bigger each year as incomes grow. The estimated breaks for the top 1% will reach $76 billion in 2008 and $95 billion in 2010.

Source: FactCheck on 2007 YouTube Democratic Primary debate Jul 23, 2007

  • The above quotations are from 2007 Democratic Primary Debate at The Citadel, in Charleston, South Carolina, July 23, 2007, sponsored by YouTube and CNN.
  • Click here for definitions & background information on Tax Reform.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Barack Obama on Tax Reform.
  • Click here for more quotes by Hillary Clinton on Tax Reform.
2016 Presidential contenders on Tax Reform:
  Republicans:
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI) 		Democrats:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Roseanne Barr(PF-HI)
Robert Steele(L-NY)
Dr.Jill Stein(G,MA)
Please consider a donation to OnTheIssues.org!
Click for details -- or send donations to:
1770 Mass Ave. #630, Cambridge MA 02140
E-mail: submit@OnTheIssues.org
(We rely on your support!)

Page last updated: Nov 30, 2018