August 24th, 2010
01:12 PM ET
4 years ago

Boehner has 'created a myth' about tax cuts, Biden says

Vice President Joe Biden on Tuesday hit back at House Minority Leader John Boehner’s remarks on the economy.
Vice President Joe Biden on Tuesday hit back at House Minority Leader John Boehner’s remarks on the economy.

(CNN) - Vice President Joe Biden on Tuesday hit back hard–and sarcastically–at House Minority Leader John Boehner's call for President Obama to fire Treasury Secretary Timothy Geithner and other high-ranking economic officials.

"His chief proposal when you look at it apparently was that the president should fire his economic team," Biden said. "Very constructive advice and we thank the leader for that."

Biden echoed the Democratic message that aims to remind Americans that Republicans held power in the run-up to the recent economic downturn.

"Mr. Boehner is nostalgic for those good old days, but the American people are not," Biden said in reference to the Ohio Republican's call for a full extension of the Bush tax cuts.

Biden said Boehner has "created a myth" that extending tax cuts to the wealthiest Americans would stimulate the economy.

"We've seen this movie before Mr. Boehner," Biden said. "And we know how it ends. The American people deserve something different and something better."


Filed under: Economy • issues • Joe Biden • John Boehner • Taxes
soundoff (196 Responses)
  1. Shiranee Dassanayake

    Right on Mr. Biden .

    August 24, 2010 02:07 pm at 2:07 pm |
  2. Positive

    Mr. Boehner sure comes out swinging when the tax cuts for the wealthiest are threatened.

    August 24, 2010 02:07 pm at 2:07 pm |
  3. Steve in Denver

    Yes, Boehner has created a myth about tax cuts. So glad to see David Greggory call him on it, although both he and his spineless counterpart in the Senate evaded answering the questions.

    The "tax increase" the republicans are warning about are their own doing. The 2001 bush tax cut was never paid for, cost us over 2 trillion dollars so far, and would cost 3.3 trillion to renew.

    Greggory asked "how are you going to pay for that?" crickets.
    Greggory asked "how is it a democratic tax increase when Republicans wrote the bill? crickets.

    Maybe the media is back to actually challenging lying republicans when they spread their deciet. If they were doing their job in 2002-2003, they could have stopped a war!

    August 24, 2010 02:07 pm at 2:07 pm |
  4. burke

    good old orange Joe. Nobody messes with Joe...remember that? I mean seriously, between the facelifts, chicklet teeth and hair plugs, when does this man have time to think? And where does that orange color come from? Is that chemical or just the result of having your head up your a**?

    August 24, 2010 02:08 pm at 2:08 pm |
  5. ETM

    Joe may have a big mouth but he is right as rain here. The Republicans have but one economic plan: tax cuts for the richest 2% of America. That is all they care about. At least the Democrats, for all their flaws, offer fundamentally fair economic policies.

    August 24, 2010 02:08 pm at 2:08 pm |
  6. Barbara

    Don't forget Biden, we had a Democratic congress even when the Republicans were in, so who is to blame. I am so sick of the Democrates blameing everyone but themselves for there downfall.

    August 24, 2010 02:08 pm at 2:08 pm |
  7. RM

    Sarcasm, name-calling and insults are standard Professional Left strategies for countering criticism or softening up their political adversaries. When you don't have any facts and few accomplishments, go on the offensive (literally and figuratively).

    August 24, 2010 02:09 pm at 2:09 pm |
  8. Sniffit

    What's so hard to understand about trickle-down economics? It theorizes that if we trust the corporations to redistribute their wealth, they will gladly do so in order to keep the econmy running, the workers happy, healthy and willing to work and to make their profits, so let's see that magic in action:

    1989 – The top 1% of income earners in the country earned 10% of our total national income.

    2004 – The top 1% of income earners earned between 22-24% of our total national income.

    1989-2004 – Average middle-class salaries remained virtually the same and failed to even match pace with inflation.

    RIGHT NOW – 8 million unemployed over the past 2-3 years, middle-class wages still the same, inflation rampant, health care costs out of control, tax cuts for the wealth in place for almost a decade...yet, funny enough, THE DOW IS BACK IN THE 10K RANGE BUT NO JOB CREATION OR RELIEF IN SIGHT.

    Get it? Got it? Good. THERE IS NO ECONOMIC GRAVITY. The stock market is their tool for consolidating and hoarding their wealth with useless gambling nonsense or questionable societal worth, like derivatives and hedge funds, which basically add nothing of value to the economy. YOU are their tool for making them more money to play with on Wall Street.

    It's your choice America...indentured servitude or the freedom afforded by a stable and FAIR economy...CHOOSE.

    August 24, 2010 02:09 pm at 2:09 pm |
  9. derrick

    Now you want to mention that you listen to the American people what a joke.

    August 24, 2010 02:09 pm at 2:09 pm |
  10. laughorcry

    Boehner and his party opposed the legislation championed by Clinton and Gore to balance the federal budget chiefly because it raised taxes on the rich. His said it would lead to economic ruin and no balanced budget. He was very wrong of course. But nevertheless when President Bush took office Boehner was there to lower taxes on the rich. Did the budget remain in balance? Did debt retirement continue? The answer is NO. I would never take Boehner's advice or follow his leadership. The only thing that trumps his allegiance to the moneyed interest in this country is his obsession with his golf game.

    August 24, 2010 02:10 pm at 2:10 pm |
  11. Smart Potato

    He is SO right. Sick of Americans having Bushnesia. COME ON: they had 8 years to fix immigration, social security, the recession, set oil regulations/spend research money on alternative fuels and stem cell research, get us out of Iraq–all the while trampling ALL OVER the Constitution, NATO, and thumbing their noses at the WORLD protesting our invasion of Iraq...

    They blew it, dumped the mess on us, and we elected someone who is fully capable, but has to worry about impatient Americans (Tea Party, anyone?). I'm ex-patriating just BECAUSE of our own citizens, who are, collectively, morons.

    August 24, 2010 02:10 pm at 2:10 pm |
  12. Augsbee

    I think millions of Americans are happy to do away with Bush Tax Cuts, they do understand it will impact jobs thus forcing the government to take money from the rich to support them financially and have the rich pay the money we've borrowed before we end up in bankruptcy. I don't think I am wrong on this trick, gimmick.

    August 24, 2010 02:11 pm at 2:11 pm |
  13. The reality is...

    "Republicans held power in the run-up to the recent economic downturn." says Biden.

    NO Mr. Biden, let's not perpetrate the Democratic myth – Democrats held power in congress for TWO years before Obama entered the picture and you guys have held the reins long enough for us to realize you don't know how to run the country. We haven't forgotten Barney Frank and Chris Dodd and their schemes which helped cause the crises. YOU are the one who hopes to pull the wool over our eyes. Without private sector, big business and jobs they provide we will have nothing left except jobs that Obama and your team will have for us in slave labor camps while you elite politicians play in Martha's Vineyard, Spain, Newport, Maine, Chicago, etc while enjoying Health care that is way better than what you have contrived for the rest of us.... yeah, we get the picture.

    August 24, 2010 02:11 pm at 2:11 pm |
  14. BB

    We should not, we cannot, we will not extend the Unpaid Bush Tax Cuts for the Wealthiest 2% of Americans. They get enough "free" stuff, enough "write offs". THEY DID NOT ASK FOR TAX CUTS!!! THEY DO NOT NEED TAX CUTS!!!!!!!

    Boehner is done the next time he runs for re-election. He is going to be "toast" no pun intended of course....

    August 24, 2010 02:11 pm at 2:11 pm |
  15. November 2010

    Seventy-one more days until real hope & change!

    August 24, 2010 02:12 pm at 2:12 pm |
  16. MagicB

    Wow, are these really the kind of solutions the republican think tank is cranking out? If so, maybe they should just stick to being the party of NO, or better yet the party of stupid if they continue to elect mouth pieces like Boehner.

    August 24, 2010 02:12 pm at 2:12 pm |
  17. Ron in Califonia

    I agree with VP Biden..We need Someting different and something better. So far Obama and his economic crew have given us something different but not better. They are going about this in a wrong headed way. Thus far everythibg they have done has not worked and they continue to go down the same path. It is time for Obama to get new blood and Ideas.

    August 24, 2010 02:12 pm at 2:12 pm |
  18. barry

    Why bring this clown out? Are we trying to lose the election. What could possibly be the strategy here? He is completely discredited. The Summer of Recovery was the last straw for his ignorance. We have the president taking his hits for his continual vacations during this terrible recession. Every time the First Family buys a ice cream the media is there to cover it and add fuel to the fire all the while it looks like Biden is running the Country while he's gone. I can't understand it. I am not a Howard Dean fan but maybe he's right in saying the President has clueless people around him. The Republican's have had a great three weeks and with these actions they are headed toward making it 4. Where is Emanuel and Axelrod? They need to get control of this today.

    August 24, 2010 02:12 pm at 2:12 pm |
  19. Really?

    Biden is a the ultimate bafoon. None of his ideas or anything he has ever suggested in his decades in Congress was right, made sense or even true.

    Tax cut worked in 2001 & 2002. We had record tax revenues reported by the IRS under the Bush Admin. Looked it up. Even CNN Money reported it.

    The economy tanked when the DEMS took control of Congress in 2006. It has been downhill ever since. Housing bubble created by the subprime mess created by Barney Franks, & Chris Dodd (2 other baffoon) burst. Geitner even came and said had Bush not intervene into Freddie & Fannie, it would have been worse.

    The MSM like NYT, CNN, ABC, NBC CBS, MSNBC managed to collude together and pull the wool over the simple minded electorate. They pushed this clueless, incompetent most liberal member of Congress into the Presidency. He proceed to put the nail in the coffin of this country with more spending, pass legislation no one wants, & is constantly out of touch with the majority of this country. Now not one Dem can run on their deplorable record or have this president campaign for them. It is shameful!!!

    Sooo now, how's that hopey, changey thing working out for ya?

    Here is some logic for u morons that love the kool aid fr Obama. Who employs people in the private sector???? Ans. The "so-called" rich.

    What happens when morons like to bite the hand that feed them? ("Yeah we gonna go after the rich! Take all their hard earn money and give it to u the you" yeah Obammy get them!!! )
    Ans: Unemployment = 10% & climbing.

    Ever got a job fr a poor person? U that voted for this dufus in office, should feel stupid by now if not they wait there is more to come....

    August 24, 2010 02:13 pm at 2:13 pm |
  20. fred

    Biden is myth, he is also a bad dream!

    August 24, 2010 02:13 pm at 2:13 pm |
  21. Nhat X.

    Mr. Vice President – where are the 500K jobs you promised a few months ago?

    August 24, 2010 02:13 pm at 2:13 pm |
  22. Bill

    Okay, So the wealthiest need to have their taxes raised. Has anyone gone beyond the surface of this statement ... on the surface it sounds wonderfull... but is it really?

    Businesses are included in this as well. If you are the owner of a business a tax increase is simply passed on to the consumre as an increase in the cost of doing business. So in essence the government is shifting the burden of tax collection to business rather than being honest about it and calling it what it is.

    Additionaly there is a sentiment to increase taxes on middle income families as well. To be done by many different mechanisms. One of them would be the elimination of using pre-tax dollars to pay for your medical premiums and FSA.

    When you get right down to it the liberals can then claim that big bad business has raised their prices and aren't they terrible for doing so ... It was not the government that ultimately cost you more expendable income.

    So you have a choice .... Big Government (hide the taxes that are paid) or Big Business (that create jobs).

    August 24, 2010 02:15 pm at 2:15 pm |
  23. jay in denver

    Orange you glad he's not Majority Leader?

    Rage, rage against the lying of the Right.

    August 24, 2010 02:15 pm at 2:15 pm |
  24. Thank God I am a Democrat

    Yeah just like Boenhers partner in crime in KY who said the other day that the Bush tax cuts do not need to be paid for because they are already current tax law. What he fails to mention is that they do expire starting tax year 2011 which means they are up for evaluation. Being that the repubs complain that nothing is paid for then I am not sure I understand why they do not agree that an extended version of the tax cuts should be paid for. Times were much different when those laws went into effect.

    I am not against the rich as I would love to be rich myself but I don't get why they believe that they do not have to pay their dues like everyone else. The fact is that before they are the business owners and the job creators they are citizens first. Citizens pay their fair share of taxes for their country. I don't like taxes either but I also don't like potholes in the roads, bridges that collapse while I am on top of them, no parks, no police patrolling the streets, no schools, no military, etc.

    August 24, 2010 02:15 pm at 2:15 pm |
  25. Obama 2012!

    get em joe!

    August 24, 2010 02:15 pm at 2:15 pm |
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