Joe Biden unveiled his complete economic tax plan during the Democratic National Convention last week while promising to maintain current levels for anyone earning under $400,000 per year; a claim economist say could never happen.
According to five independent analyses of the proposal, the tax burden for average Americans will likely increase under a Biden administration.
- A Penn Wharton Budget Model analysis found that 82.6% of Americans would see a tax increase.
- A Tax Policy Center analysis found that Biden’s proposals would “increase taxes on average on all income groups.”
- A Tax Foundation analysis found that Biden’s tax plan would lead to Americans “across all income groups” seeing lower after-tax incomes.
- An American Enterprise Institute analysis states that “Biden’s proposals would increase taxes, on average, for households at every income level”.
- A Committee for a Responsible Federal Budget analysis claims that Biden’s plan would raise taxes on Americans at nearly all income levels.
- In addition, Biden’s tax plan could shrink the economy by 1.5% and kill over half a million jobs.
BIDEN IN IOWA: I’ve Spent a Lot of Time with South Korea’s Kim Jong Un
Former Vice President Joe Biden continued his gaffe-laden campaign tour in Iowa over the weekend; bizarrely stating he’s “spent a lot of time” with “Kim Jong Un in South Korea.”
“You see what’s happening all around the world with his embrace of dictators. Folks like Putin, Kim Jong Un in South Korea and the way he talks about America, the way he talks about our allies,” said Biden.
“I know them. Putin has no illusions about whether I know him or not. Kim Jong Un has no illusions about whether I know him or not… I’ve spent a lot of time with these folks, they know,” he added.
Joe Biden claims has has "spent a lot of time" with Kim Jong Un.
That is FALSE Biden and Kim Jong Un have never met. pic.twitter.com/evCJLqEdAz
— Francis Brennan (@FrancisBrennan) December 1, 2019
Watch Biden’s comments above.
BIDEN IN NEW HAMPSHIRE: ‘I’ve Been to Vermont a Number of Times, I love This Place'
Former Vice President Joe Biden continued his gaffe-riddled campaign over the weekend; telling supporters in New Hampshire he’s been to Vermont a “number of times” dating back to 2014.
“I’ve been here a number of times…I love this place. Look, what’s not to like about Vermont in terms of the beauty of it?” Biden told reporters.
Biden, who is in New Hampshire, thinks he is in Vermont
At some point, the media is going to have to stop calling this "gaffes" https://t.co/Dhno1WN2rU
— Ryan Saavedra (@RealSaavedra) August 24, 2019
Biden made a similar mistake just days ago, telling a packed audience the assassinations of Robert Kennedy and Martin Luther King Jr occurred in “the late ‘70s.”
“Just like in my generation, when I got out of school, when Bobby Kennedy and Dr. King had been assassinated in the ’70s, the late ’70s when I got engaged … ,” Biden recalled.
The two leaders were killed two months apart in 1968.
— RNC Research (@RNCResearch) August 21, 2019
Biden is facing more campaign issues this week; with analysts saying his fundraising efforts have “tumbled” since a series of gaffes on the campaign trail.
“Joe Biden raised $4.6 million online on his first day in the 2020 presidential race, surprising doubters who thought the former vice president couldn’t run a modern campaign. But since then Biden’s online fundraising has tumbled — looking more like flash-in-the-pan opponent Beto O’Rourke than top-tier rivals like Bernie Sanders or Elizabeth Warren,” reports Politico.
“More than 60 percent of the $13.2 million Biden has raised online came in the first week of his campaign, which launched in late April, according to a POLITICO analysis of data from the Democratic fundraising platform ActBlue. While other top candidates spiked early and then gradually raised more money online as the 2020 campaign has carried on, Biden’s pattern is similar to O’Rourke, who roared into the race with millions raised in his first day but has trickled off since then,” adds the website.