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this post was submitted on 11 Apr 2024
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Huh?
He said that...
Are you arguing that after saying that things fundemantelly did change for billionaires?
Because they're still making insane gains to their net worth...
But I really did think this is the one campaign promise he kept. So it's strange to see people claim it wasn't.
They are making insane gains due to the 2017 tax cuts that expired for lower and middle class, but are still in effect for the top income earners, coupled with loopholes/breaks/incentives that are being addressed with his tax reform proposal. I’m not saying Biden’s proposals will fix everything, but it’s a large step away from Trump’s engorgement of the wealthy.
Mate...
They were making too much before the 17 cuts, and 7 years later they'll still making too much.
Biden said that two years after the cuts went into effect, and nothing has fundamentally changed.
Like, you got that right? 2019 was after 2017?
He said this at the SOTU address this year. The proposal is dated March 2024. I agree that billionaires inflated greatly in recent years. The last tax proposal was put in place by Trump in 2017, with massive breaks for the wealthy. The cuts for the low and middle class expired last year, while the breaks for the wealthy aren’t set to expire until December of this year. Trump put capitalism into overdrive in his second year in office.
So...
You're saying when Biden said "nothing will fundamentally change"
That he was being dishonest, because he has changed something significant?
https://www.whitehouse.gov/briefing-room/statements-releases/2024/03/07/fact-sheet-president-biden-is-taking-action-to-lower-costs-for-families-and-fight-corporate-rip-offs/
https://www.whitehouse.gov/briefing-room/statements-releases/2024/03/11/fact-sheet-the-presidents-budget-cuts-taxes-for-working-families-and-makes-big-corporations-and-the-wealthy-pay-their-fair-share/
Yeah. If you're trying to make some know and of point, you should use your words bud...
You’re suggesting nothing is happening to protect consumers from corporate price gouging and wealthy tax evasion. I sent links to two initiatives Biden wrote, with links to bills. I’m not copying and pasting that much text simply because you don’t want to read in off of whitehouse.gov.
So you believe Biden lied?
That's all I was asking.
In your opinion did Biden lie and things significantly changed for the wealthy during Biden's first term.
It feels like you're saying he lied, you just can't type those words....
I’m sorry. I missed that. When did he say things didn’t change for the wealthy? I don’t understand the context.
https://www.salon.com/2019/06/19/joe-biden-to-rich-donors-nothing-would-fundamentally-change-if-hes-elected/
It was the same time he was telling them racists would work with him because he wasn't Black like Obama and was actually great friends with the racists in both parties...
It's weird, Biden's biggest supporters online usually aren't familiar with Biden's words and actions
It's a lot like trump supporters. They have a candidate and they will always believe that candidate did the best thing possible.
You’re quite hostile, and make a lot of assumptions. I’m an advocate for information, and just as critical of Biden as I am supportive. My comments linked to bills were meant to inform those that assume inaction. You are right that I didn’t see this before. He said he won’t “demonize the rich.” He’s increasing their taxes, as well as corporate taxes, and closing loopholes, while funding and empowering the IRS to audit the wealthy (a process that was previously considered too difficult with the thinly-spread accounting staff). He’s not demonizing them, he’s just holding them financially accountable.
Either Biden did something significant and lied...
Or what you're saying he did wasn't enough.
Because like you said, trumps tax cuts in 2017 were in effect in 2019 when he said that.
I'm sorry there's no way for Biden to be right both times, and I understand how it's frustrating when confronted with evidence instead of just insults and insinuations.
But at the end of the day, either Biden lied, or he's not doing enough.
That's just life.
What don’t you understand? We’re going in circles now. He proposed his tax reform in March of this year. It won’t go into effect until Trump’s tax breaks on the wealthy expire in December.
And yes, the wealthy will lose money. And no, it will not affect their standard of living, just their portfolios.
Then it's not enough...
Billionaires were out of control in 2016 too...
I'm glad you realize we're going in circles now, that's the first step to understanding. To be honest, I needed that reassurance that this working.
You’ve convinced me of nothing but your willful ignorance.
Do you agree with the statement: