A Quote by Joe Biden
The point being we used to have a system that wasn't as rigged in how the tax structure functioned. The president [Barack Obama] and I have been trying to get rid of some of these loopholes for some time. Look, we have to change the corporate culture.
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I think we can have some tax reform, but that doesn't mean tax increases. We ought to make the, the rates flatter. We ought to get rid of a bunch of those loopholes.
If President [Barack] Obama - President [Donald] Trump shows up with a, you know, cleaver and just says, I can get rid of all these regulations, I can get rid of ObamaCare, no problem at all, then that would be a mistake.
Now, the president would like to do tax reform, which would obviously lower rates for most people in America and make the tax code fair and get rid of loopholes and special treatment. But absent tax reform, the president believes the right way to get our fiscal house in order is ask the wealthy to pay their fair share.
I cannot imagine a worse job than being president of these Untied States in these most trying of times. President Barack Obama has been under siege from every side for the entirety of his time in office.
I think we should have basically the same tax policy that Germany, Japan, the U.K., everybody else has, which is a tax rate in the mid-20s and no loopholes. Zero. The U.S. has the most antiquated tax system. And that means some people are going to pay more taxes, and some people are going to pay less.
President Obama , I guess, is starting to confess to some of his anxieties. In a recent interview, President Obama said, 'I miss being anonymous.' He said, 'In the old days, I could blend in with all the other Hawaiian Barack Hussein Obamas.'
Barack Obama is not Harry Truman, who dropped the A-bomb on Japan to stop World War II. Barack Obama is not John F. Kennedy, who lowered marginal tax rates to get economic growth and job creation. Barack Obama and the far left, they are a completely different ball of wax.
Why I've advocated a proportional tax system. You make $10 billion, you pay a billion. You make $10, you pay one. And everybody gets treated the same way. And you get rid of the deductions, you get rid of all the loopholes.
Thing we're trying to add to this is that lower corporate tax rates as we try and spur the economy. So that's where the Donald Trump attention is. The president's attention is on the middle class, making sure that's simple, fair and better. And then on the corporate tax rate, to try and get folks to invest in America again. His focus has not been on the impact on the top 1 percent.
I'm not really much into politics, because it's rarely discussed in my line of work, but I know that Barack Obama is trying his best, and that at some point down the road, he's going to get it right.
We're [President Barack Obama and I] clear on the fact that we have to stay humble and prayerful. We have to dig down deep to our roots. When things come together, we know some of it is Barack, some of it is us-but a lot of it has nothing to do with either of us.
Barack Obama is talking about cutting taxes. On net, he is a tax cutter. But the difference between Obama and John McCain is that Obama is raising some taxes on families, for example, with incomes over $250,000. Now, that amounts to about 2 percent, the richest 2 percent of American households. And even with those tax changes, even with all of the tax changes Obama's talking about, taxes will be lower under Obama than they were under the Clinton years.
The president [Barak Obama] had been asked some questions by George Stephanopoulos on a news show about whether it was a tax. And he had given an answer that you might read as him saying it wasn't a tax. I think what he said was, "It isn't a tax increase on all Americans."
President Obama has announced a task force to review the tax codes. He's concerned there are too many loopholes and too many people manipulating the system to avoid paying taxes. And that's just in his administration.
I`ve been saying, even against me, the system is rigged. When I ran as a - well, for president, I could see what was going on with the system, and the system is rigged. What I`m saying is they`re not necessarily wrong. I mean, there are certainly people where unfortunately that comes into play. And I`m not saying that, I can really relate it very much to myself.
I have no tax breaks or corporate interests to be supported by Barack Obama.
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