Joe Biden: Student Loan Debt

Meaning of Joe Biden Money Quote: saying student loan debt relief requires no apology when Republicans gave wealthiest Americans a $2 trillion tax cut. Joe Biden said:
 

 

“I will never apologize for helping Americans — working Americans and middle class, especially not to the same folks who voted for a $2 trillion tax cut that mainly benefitted the wealthiest Americans and the biggest corporations” — Joe Biden

Joe Biden said he would never apologize for helping Americans with student loan debt relief because Republicans had passed a large tax cut that mainly benefited wealthy Americans and corporations. Biden was referring to the $2 trillion tax cut passed under President Trump in 2017.

Biden believes providing relief for student loan debt helps middle-class and working-class Americans, so he does not think he needs to apologize for that, especially when the Republican tax cuts were much larger and focused more on the wealthy.

Joe Biden: Pay Taxes Billionaires

Joe Biden Money Quote saying it is important that corporations pay taxes on income, because they avoid tax now. Joe Biden said:
 

 

“You have 55 corporations in the US making $40 Billion or more that don’t pay a cent. Not a single red cent. Not a single little red cent. Now, I don’t care, I’m a capitalist. I hope you can be a millionaire or billionaire. Not a problem. But at least pay your fair share! Chip in a little bit! ” — Joe Biden

Joe Biden is talking about large, profitable corporations in the United States that pay little to no taxes each year. He says that there are 55 corporations that make $40 billion or more annually but pay “not a cent” in taxes. Biden acknowledges that he supports capitalism and does not have a problem with people becoming millionaires or billionaires through their businesses.

However, he believes these very large, profitable corporations should still pay their “fair share” in taxes and “chip in a little bit” to support public services and infrastructure that help enable their business success. Overall, the quote expresses Biden’s view that extremely profitable corporations should contribute more in taxes rather than avoiding them entirely.

Birthday November 20, 1942

There’s no reason why millionaires and billionaires shouldn’t pay their fair share of taxes. pic.twitter.com/FJe4Qd7V7a

— The Democrats (@TheDemocrats) October 22, 2021

Joe Biden: Trickle Down Economics

Joe Biden Money Quote saying that history shows that ‘trickle-down’ economics fails those at the bottom. The middle class must do well first. Joe Biden said:
 

 

“Trickle-down economics has never worked, but when working families do well — everybody does well. That’s what the economy we’re building is all about” — Joe Biden

Biden argues that trickle-down economics, also known as supply-side economics, has failed to deliver promised benefits to the middle and lower classes. The core idea of trickle-down economics is that tax cuts for corporations and wealthy individuals will cause them to invest and spend more, creating jobs and economic growth that benefits everyone.

However, Biden and other critics say there is little evidence this effect trickles down significantly. They argue the economy performs better when the middle class has more disposable income to spend, driving broader consumer demand and growth from the middle-out rather than the top-down.

Trickle-down economics has never worked, but when working families do well — everybody does well.

That’s what the economy we’re building is all about.

— President Biden (@POTUS) July 28, 2021

Joe Biden: It’s Not ‘We The Donors’

Joe Biden Money Quote saying the constitution does not begin by saying we the corporations or we the wealthy, it says ‘We the People’. Joe Biden said:
 

 

“Our Constitution doesn’t begin with the phrase, ‘We the Democrats’ or ‘We the Republicans.’ And it certainly doesn’t begin with the phrase, ‘We the Donors’” — Joe Biden

Joe Biden is quoted as saying “Our Constitution doesn’t begin with the phrase, ‘We the Democrats’ or ‘We the Republicans.’ And it certainly doesn’t begin with the phrase, ‘We the Donors’.”

He is referring to the preamble of the US Constitution, which starts with “We the People”. Biden seems to be emphasizing that the Constitution establishes a government for all citizens, not just for political parties or large donors. His quote suggests the government should represent the interests of the general public rather than special interests groups.

Joe Biden: Millionaires Recession

Joe Biden Money Quote saying millionaires have been free of financial burden faced by the poor to lift the economy and they should be asked. Joe Biden said:
 

 

“Millionaires are just as patriotic as poor people. The very wealthy are just as noble and patriotic as the middle class. But nothing has been asked of them in this horrendous recession. And it’s time we just ask” — Joe Biden

Biden was arguing that during an economic recession which harms many poorer citizens, wealthy millionaires have not faced the same level of financial burden or hardship.

His statement that “it’s time we just ask” implies he believed millionaires should be asked to contribute more, perhaps through higher taxes or other policies, in order to help stimulate the economy and provide support for those struggling in the recession.

Joe Biden: Not Getting Billion

 
Joe Biden Money Quote saying that he threatened to withhold a loan guarantee from Ukraine if they didn’t fire the corrupt Prosecutor (Poroshenko). Joe Biden said:
 

 

“I’m telling you, you’re not getting the billion dollars. I said, you’re not getting the billion. I’m going to be leaving here in, I think it was about six hours. I looked at them and said: I’m leaving in six hours. If the prosecutor is not fired, you’re not getting the money. Well, son of a bitch. He got fired” — Joe Biden

The prosecutor Biden was referring to was Viktor Shokin. Shokin was Ukraine’s prosecutor general at the time, and the U.S. and other international institutions had concerns that he was not pursuing corruption investigations vigorously enough.

By threatening to withhold $1 billion in loan guarantees, Biden was communicating the U.S. government’s position that Shokin needed to be replaced for Ukraine to receive the financial aid. Biden carried out this threat during a visit to Kiev in 2016.

After Biden’s threat, the Ukrainian Parliament voted to remove Shokin from office. However, some conservatives have argued that Biden did this to protect his son Hunter Biden, who served on the board of a Ukrainian gas company that Shokin had investigated. But there is no evidence that Hunter Biden was specifically targeted by Shokin’s investigation.

Joe Biden: Show Me Your Budget

 
Joe Biden Money Quotation saying the way money is spent illustrates what we value most – budget plans illustrate priorities. Joe Biden said:
 

 

“Don’t tell me what you value. Show me your budget and I’ll tell you what you value” — Joe Biden

Joe Biden seems to be saying that a person’s budget and spending priorities reveal their true values much more than any statements they make. His point is that how we choose to allocate our financial resources through a budget demonstrates what is really important to us versus just paying lip service to certain values.

If a budget allocates most funds to necessities like housing and food, that shows basic survival is highly valued. If discretionary spending focuses on entertainment, that implies leisure is valued more. Biden argues that examining budget line items can provide insight into an individual’s or even government’s genuine priorities and motivations. Actions through monetary decisions, in his view, speak louder than words when it comes to values.

Joe Biden: Public Financing to Save System

Joe Biden Money Quotation saying in 1974 that campaign finance reform was important to get effective candidates to run for office. Joe Biden said:
 

 

“I believe that public financing of federal election campaigns is the only thing that will insure good candidates and save the two-party system” — Joe Biden

Joe Biden seems to be arguing that publicly financing federal election campaigns, rather than relying solely on private donations, would help ensure good candidates run for office and protect the two-party political system in the United States.

His point may be that public financing could reduce the influence of large private donors, allowing candidates to focus more on voter interests than fundraising from special interests.

Biden also may believe this could encourage quality candidates from all backgrounds to run without needing extensive personal wealth or connections to deep-pocketed donors. However, others argue public funds could restrict political speech.