Biden: 'Yes, We Do' Want to Raise Taxes By a Trillion Dollars

[markomalley]

From the Weekly Standard:
“On top of the trillions of dollars of spending that we have already cut, we’re gonna ask – yes – we’re gonna ask the wealthy to pay more,” said Biden. “My heart breaks, come on man. You know the phrase they always use? Obama and Biden want to raise taxes by a trillion dollars. Guess what? Yes we do in one regard. We want to let that trillion dollar tax cut expire so the middle class doesn’t have to bear the burden of all that money going to the super wealthy. That’s not a tax raise, that’s called fairness where I come from.”
Video of Joe here.

Also see the Washington Examiner
Also see ABC News

To help folks decipher his statement: a “cut” in Washington Speak means that they did not increase spending as much as they would have wanted to raise it.

Also one other point: per IRS tax statistics (link opens an Excel file from the IRS), if you added up all the individual income of people making over $500,000 per year, you would have $1.059 Trillion dollars. So I guess Joe and Barrack want to simply confiscate all the earnings from the wealthy as a part of their plan.

Well, Joe, I appreciate your honesty about wanting to raise taxes, but why don’t you just come out and directly say that you want to simply confiscate all their wealth? Wouldn’t that be easier?

 

[Yerusalyim]

Joe Biden is the gift that keeps giving. I sooooo look forward to the debate between Ryan and Biden next week…
an additional trillion in taxes will ravage the economy and make the last 4 years look like a cake walk.

 

[Trader]

Well, Joe, I appreciate your honesty about wanting to raise taxes, but why don’t you just come out and directly say that you want to simply confiscate all their wealth? Wouldn’t that be easier?

If our beloved VP keeps speaking out enough, he may get Romney elected after all.

It should not be up to me to decypher his speeches, but I am pretty sure he means to raise those revenues over an extended period, not in one year. If you believe even half of what he says you and I may be neighbors in some other country. I have heard some good things about Costa Rica.

 

[_Abyssinia]

Obama/Biden want to raise tax by more than a trillion. ObamaTax taxes $500 billion and income tax will increase $1.5 trillion

Paul Ryan and Biden debate next week

 

[Luigi_Daniele]

I literally LOL’d when I first read this.

 

[JonNC]

From the Weekly Standard:
"On top of the trillions of dollars of spending that we have already cut, we’re gonna ask – yes – we’re gonna ask the wealthy to pay more," said Biden. “My heart breaks, come on man. You know the phrase they always use? Obama and Biden want to raise taxes by a trillion dollars. Guess what? Yes we do in one regard. We want to let that trillion dollar tax cut expire so the middle class doesn’t have to bear the burden of all that money going to the super wealthy. That’s not a tax raise, that’s called fairness where I come from.”
Video of Joe here.

Also see the Washington Examiner
Also see ABC News

To help folks decipher his statement: a “cut” in Washington Speak means that they did not increase spending as much as they would have wanted to raise it.

Also one other point: per IRS tax statistics (link opens an Excel file from the IRS), if you added up all the individual income of people making over $500,000 per year, you would have $1.059 Trillion dollars. So I guess Joe and Barrack want to simply confiscate all the earnings from the wealthy as a part of their plan.

Well, Joe, I appreciate your honesty about wanting to raise taxes, but why don’t you just come out and directly say that you want to simply confiscate all their wealth? Wouldn’t that be easier?

On top of the trillions of dollars of spending that we have already cut, we’re gonna ask – yes – we’re gonna ask the wealthy to pay more," said Biden.

Wait, did I miss the trillion dollar reduction in government spending in the last four years?
Mr. Vice President, are you saying that this year’s budget spends less than the last Bush budget?

While on the one hand, he tells the truth regarding his desire for confiscatory punitive taxation, on the other he prevaricates through his teeth about spending.

Jon