Biden said Republicans want to cut taxes for billionaires, “who pay virtually only 3% of their income now – 3%, they pay.”Facts First: Biden’s “3%” claim is incorrect. For the second time in less than a week, Biden inaccurately described a 2021 finding from economists in his administration that the wealthiest 400 billionaire families paid an average of 8.2% of their income in federal individual income taxes between 2010 and 2018; after CNN inquired about Biden’s “3%” claim on Thursday, the White House published a corrected official transcript that uses “8%” instead. Also, it’s important to note that even that 8% number is contested, since it is an alternative calculation that includes unrealized capital gains that are not treated as taxable income under federal law.
Despite this walkback, Biden repeated this falsehood again today, citing the 3% figure which has been thoroughly debunked by his own White House.
It's obvious that Dementia Joe is just reading off an enormous teleprompter at every speech. Why doesn't his staff fix this error?
Related: Jonathan Turley: "Biden's bottomless Pinocchio."
1 comment:
After the extemporaneous real time Social Security beatdown that had Fox News hosts conceding defeat, you sure you wanna encourage Dementia Joe to go off-script?
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