START A PETITION 25,136,189 members: the world's largest community for good
START A PETITION
x

Biden Voted for Something He Said Last Night 'Has Never Been Done Before'


US Politics & Gov't  (tags: Joe Biden, Falsehood, Biden, Ignorance of Facts, Duplicity, Hypocrisy, Lies, False Statements, Untrustworthiness, Incompetence, Fact-Impaired )

Paula
- 649 days ago - nationalreview.com
In 1986, Biden voted to enact Ronald Reagan's tax reform, which lowered rates, eliminated deductions, and barely affected the deficit. Biden's assertion that something like what Romney proposes "has never been done before" is, well, laughable.



Select names from your address book   |   Help
   

We hate spam. We do not sell or share the email addresses you provide.

Comments

Paula M. (39)
Friday October 12, 2012, 2:03 pm
From the article:






Last night, Joe Biden expressed significant skepticism about the idea of Mitt Romney’s tax reform — that it was possible to lower rates, eliminate deductions, and maintain revenue levels, in addition to the specific math involved. Ryan cited the ample historical precedent that such a plan was possible:

REP. RYAN: You can cut tax rates by 20 percent and still preserve these important preferences for middle-class taxpayers —

VICE PRESIDENT BIDEN: Not mathematically possible.

REP. RYAN: It is mathematically possible. It’s been done before. It’s precisely what we’re proposing.

VICE PRESIDENT BIDEN: (Chuckles.) It has never been done before.

REP. RYAN: It’s been done a couple of times, actually.

VICE PRESIDENT BIDEN: It has never been done before.

REP. RYAN: Jack Kennedy lowered tax rates, increased growth. Ronald Reagan —

VICE PRESIDENT BIDEN: Oh, now you’re Jack Kennedy.

REP. RYAN: Ronald Reagan — (laughter) — (chuckles) — Republicans and Democrats —

VICE PRESIDENT BIDEN: This is amazing.

Amazing, in fact, might be a better description of Biden’s duplicitousness on the question of tax reform. While obviously no one has enacted a plan exactly like Romney’s before, the general principles have been applied twice, with John F. Kennedy’s proposed tax reforms that were later implemented slightly differently, and Ronald Reagan’s 1986 tax reform, both of which cut marginal rates significantly and eliminated deductions for the wealthy, while gathering essentially the same revenue (technically the ’86 bill itself cost $8.9 billion in revenue over the first two years, but overall tax revenues increased substantially in its wake). But twice Biden claims that such tax reform “has never been done before.” But he should know better — he actually voted to do it, 28 years ago. On September 27, 1986, Biden voted (along with 32 other Democrats) to enact H.R. 3838, Ronald Reagan’s tax reform, which lowered rates, eliminated deductions, and barely affected the deficit.

In fact, that bill actually lowered the top marginal tax rate to 28 percent, the top rate Romney and Ryan have proposed. Biden’s assertion that something like what Romney and Ryan are proposing “has never been done before” is, well, laughable.

 

karin h. (22)
Sunday October 14, 2012, 3:47 pm
i was in the car coming home from vacation with this debate on. I was laughing that once given an example all biben had to say was you're jack kennedy? sorry biden you lost on that issue!
 
Or, log in with your
Facebook account:
Please add your comment: (plain text only please. Allowable HTML: <a>)

Track Comments: Notify me with a personal message when other people comment on this story


Loading Noted By...Please Wait

 


butterfly credits on the news network

  • credits for vetting a newly submitted story
  • credits for vetting any other story
  • credits for leaving a comment
learn more

Most Active Today in US Politics & Gov't

Paula M.

Paula M.
Paula's contributions:
Stories noted recently: 0
Stories submitted: 397
Front Page stories: 120




 
Content and comments expressed here are the opinions of Care2 users and not necessarily that of Care2.com or its affiliates.