Joseph R. Biden Jr. Quotes
When is the last time we had a tax cut before going to war?
Advocating canceling one year of the tax cuts for the wealthiest people to pay for the Iraq War.
Joseph R. Biden Jr., Vice President of the United States (Democrat, DE), U. S. Senator (Democrat, DE), Interview, Fox News Sunday, September 21, 2003
Sourced by: Eigen's Political and Historical Quotations
During the Iraq War, President George W. Bush, cut taxes several times as part of his economic philosophy. The result he claimed kept the economy sound. It also plunged the nation into the highest national deficit in U. S. History.
This has long been a principle of most politicians responsible for taxation and national budgets. A forced loan, was a practice where instead of taxing and industry like banks, the government requires that the loan the government a certain amount which the government pays back with interest. For the banker, this is preferable to a bank tax which he will never get back,, but then the interest has to be paid by everyone. If the benefit or its potential is to accrue to all citizens, then all the citizens should share in the burden—hence general taxes. See {639883} for a similar contemporary view.
Joseph Robinette Biden Jr. is an American politician who is the 46th president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.; Joseph Robinette "Joe" Biden Jr. was the 47th Vice President of the United States, having been jointly elected twice with President Barack Obama. A member of the Democratic Party, Biden represented Delaware as a United States Senator from 1973 until becoming Vice President in 2009.