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Joe Biden on Taxes and Budget
This candidate has withdrawn from the election
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
Imagine what we could do if we had a president who had the nerve and the wisdom to understand that rich folks are just as patriotic as poor folks--you just have to ask them. I spoke to a group of millionaires about taking away their tax cut, and when I explained how I'd use it, they gave me a standing ovation. Imagine if we eliminate the tax cut just for those people in the top 1%. The average income in that group is $1,485,000 a year. You've got to make $435,000 minimum to get into that bracket. You know what their tax cuts are gonna cost over the next 10 years? $600 billion. Imagine you put that tax cut into homeland security and healthcare. For $26 billion, we could provide healthcare for every one of the 9 million uninsured children in the US. For $14 billion we could fund No-Child-Left-Behind. For $10 billion we could implement every one of the 9/11 Commission recommendations.
Source: 2007 IAFF Presidential Forum in Washington DC Mar 14, 2007
Voted NO on $350 billion in tax breaks over 11 years
Reference: Bill HR.2 ; vote number 2003-196 on May 23, 2003
Biden supports tax credits for college tuition, but there is no indication he supports across-the-board tax cuts for the middle class.
Opposed 2001 and 2003 Bush tax cuts. Opposed extending tax cuts through 2010. Proposed legislation to roll back some tax cuts for those making over $1 million a year
Voted YES on balanced-budget amendment
S. J. Res. 1; Bill S. J. Res. 1 ; vote number 1997-24 on Mar 4, 1997
Voted NO on raising estate tax exemption to $5 million. (Mar 2007)
Kyl Amendment; Bill S.Amdt.507 on S.Con.Res.21 ; vote number 2007-083 on Mar 21, 2007
Voted NO on supporting permanence of estate tax cuts
Estate Tax and Extension of Tax Relief Act; Bill H.R. 5970 ; vote number 2006-229 on Aug 3, 2006
Voted NO on permanently repealing "death tax"
Death Tax Repeal Permanency Act; Bill HR 8 ; vote number 2006-164 on Jun 8, 2006
Voted yes on eliminating marriage penatly
Bill HR.4810 ; vote number 2000-215 on Jul 18, 2000
Voted no on repealing Alternative Minimum Tax
Grassley Amendment; Bill S.Amdt.471 on S.Con.Res.21 ; vote number 2007-108 on Mar 23, 2007
"Would fix the Alternative Minimum Tax providing relief to millions of middle-income Americans."
Voted YES on $47B for military by repealing capital gains tax cut. (Feb 2006)
Tax Relief Extension Reconciliation Act; Bill S Amdt 2737 to HR 4297 ; vote number 2006-008 on Feb 2, 2006
Voted NO on retaining reduced taxes on capital gains and dividends (Feb. 2006)
Tax Relief Extension Reconciliation Act; Bill HR 4297 ; vote number 2006-010 on Feb 2, 2006
Voted NO on extending the tax cuts on capital gains and dividends. (Nov 2005)
Tax Relief Act of 2005; Bill S. 2020 ; vote number 2005-347 on Nov 18, 2005