Joe Biden in June Democratic candidates debate in Miami FL

On Corporations: Wall Street didn't build America; the middle class did

Q: Recently, as you were speaking about problem of income inequality in this country, you said we shouldn't "demonize the rich." You said, "Nobody has to be punished. No one's standard of living would change. Nothing would fundamentally change." What did you mean by that?

BIDEN: What I meant by that is, look, [that] Donald Trump thinks Wall Street built America. Ordinary, middle-class Americans built America. Too many people who are at the middle class and poor have had the bottom fall out under this proposal. We have to make sure the middle class have insurance that they can afford; where there's continuing education and they're able to pay for it; that they're able to breathe air that is clean. Look, Donald Trump has put us in a horrible situation. We do have enormous income inequality. And the one thing I agree on is we can make massive cuts in the $1.6 trillion in tax loopholes out there, and I would be going about eliminating Donald Trump's tax cut for the wealthy.

Source: June Democratic Primary debate (second night in Miami) Jun 27, 2019

The above quotations are from NBC News, "Decision 2020," the Democratic candidates debate,
live from the Adrienne Arsht Performing Arts Center in Miami, Florida, June 26-27, 2019..
Click here for main summary page.
Click here for a profile of Joe Biden.
Click here for Joe Biden on all issues.
Joe Biden on other issues:
Civil Rights
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Social Security
Tax Reform
Please consider a donation to!
Click for details -- or send donations to:
1770 Mass Ave. #630, Cambridge MA 02140
E-mail: [email protected]
(We rely on your support!)

Page last updated: Jul 10, 2019