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..
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Page last updated: Jul 10, 2019