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

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

[cnn-photo-caption image= caption ="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. Sam Sixpack

    The recent economic downturn coincided with the Democrat take-over of the House of Representatives. Biden is betting his media lap dogs still won't call him on this one.

    August 24, 2010 01:41 pm at 1:41 pm |
  2. Don

    Actually Bush is polling betterin in some democratic districts that the current President. Sorry Joe

    August 24, 2010 01:42 pm at 1:42 pm |
  3. The Other Michael in Houston

    Thank you Mr. Vice President for making that point. it is real funny to see the Rebulican Jihadist try to act like 2000-2008 did not exist. And then they cry like babies and say President Obama is the worse President ever, funny to see all the media time George Bush is getting. All those Republican Jihadist ran from George Bush during the last election. Keep doing what you are doing President Obama and Vice President Biden, we will see to it that you get another four years to finish fixing all the wrongs by the Republican America hating Jihadist. Besides, it's entertaining to watch the Republican's put their feet in their mouths daily.

    August 24, 2010 01:42 pm at 1:42 pm |
  4. Augsbee

    American motto and Biden knows it: Give me money from the rich, have the rich support me so I can seat back and relax, enjoy my life.
    Millions of Americans are pushing for our government to financially support them so they don't have to worry about working, paying bills, getting an education. If Biden can take money from the rich to pay the money the U.S. owes, take the money from the rich to support the country then these millions of Americans are for it and those are guaranteed votes for Obama, GOP is out.

    August 24, 2010 01:43 pm at 1:43 pm |
  5. VB Lincoln Park NJ

    More nonsense from Mr. Bonehead!

    How about offering some real solutions, instead of the same old fear-mongering? Oh, I forgot, your party has nothing else to offer since the economic mess is the creation of your previously failed policies.

    August 24, 2010 01:43 pm at 1:43 pm |
  6. Shawn-GA

    This President needs to take ownership and control, stop blaming backwards.

    Let us not forget this is not "Bush's economy" and this administration needs to stop blaming Bush. Reason being: Congress has been under the control of the Democratic party for 6 years.

    Do not misunderstand me, Bush and his administration made mistakes. HOWEVER the Obama administration has made worse mistakes and caused more harm in FAR less time.

    August 24, 2010 01:45 pm at 1:45 pm |
  7. Byrd

    Ah, the good old days when republicans could start wars, spy on citizens, spend taxpayer dollars, launch an entirely useless Department of Homeland Security to protect, not the country, but their own butt and then call the Democrats wasteful. Tell me, Boner, how may people – and yes, Afghanis and Iraqis are people too – have died as a result of your corrupt and misguided policies? Does the orange ostrich care to answer?

    August 24, 2010 01:46 pm at 1:46 pm |
  8. mike

    yeah lets give tax breaks for the wealthy but wait they already have it then were are the jobs the repubs cried the blues about bailing out the auto industry well now they are hiring so they are doing what was ask for them to do and paying back the bail out money early what have these tax breaks done for the average american WERE ARE THE JOBS TAN MAN if this was the auto industry failing to fill what was agreed on the repubs be all over it TAX BREAKS IS WELFARE FOR THE WEALTHY

    August 24, 2010 01:47 pm at 1:47 pm |
  9. Dutch/Bad Newz, VA

    Tell him like it is Joe. Bonehead and his band of thugs want to keep the tax cuts and continue shipping American jobs overseas. I categorize the GOP as domestic terrorists. We've seen where their policies have landed us, and now they want to finish off the job of making the middle-class a permanent underclass. That's why they vote NO on anything that pertains to helping the middle class.

    August 24, 2010 01:47 pm at 1:47 pm |
  10. Chessnutz of Liverpool NY

    Every reform the Obama congress has passed has had a hidden tax or fee attached to it. Much of these taxes and fees do not go into effect until after the Nov elections. These are not taxes on the wealthy but these taxes and fees effect every working American. These taxes are the straws that are going to break the working American taxpayer and kill more jobs.
    Ask VP Biden about these new taxes that CNN refused to report....

    A dramatic 60 percent capital gains tax increase (from 15 percent to 23.8 percent effective rate, including new universal health-care taxes) will accompany the big income tax increase. More jobs will be lost, more businesses closed.

    Taxes on dividends will increase from 15 percent to 39.6 percent, and then another 3.8 percent by 2013 for Obama's new health-care taxes. Stocks will be crushed and older Americans will be devastated (because they live off dividends, investments and bank interest). More lives ruined, more jobs lost.

    New taxes on income, investments, and even tanning-bed users soon take effect to pay for ObamaCare. Worse,18,000 new IRS agents will be hired to enforce these taxes (at a cost of billions annually in new government employee salaries, pensions, and benefits). More jobs lost.

    The pending cap-and-trade legislation threatens dramatic new taxes on anyone who owns a business, a home, an auto, or buys products manufactured or delivered through the use of energy. Once again, the more you own, the more you'll be taxed. More jobs will be lost, more manufacturing jobs sent overseas, more homes foreclosed.

    The pending financial reform bill threatens onerous new rules, regulations, and taxes on banks and Wall Street. More jobs will be lost and more banking and financial jobs sent overseas.

    The pending new jobs bill threatens gigantic new taxes on every Sub Chapter S corporation in America. More jobs will be lost and more small businesses ruined.

    The threat of a gigantic new national sales tax (VAT) on everything manufactured, bought, and sold in America looms large. Fewer jobs, reduced consumer spending, more businesses closed forever.

    Obama is pushing for the reduction or elimination of tax deductions (such as mortgages and charitable contributions) for high-income earners (mostly small business owners). More jobs lost, reduced charitable contributions, and the real estate industry damaged beyond repair.

    The threat of bans or restrictions on offshore oil drilling are being put permanently into place. More jobs lost and more jobs sent overseas where drilling is welcomed. As a bonus for Obama, he gets to ruin the Texas economy.

    All signs indicate that Obama will soon propose to take the income cap off FICA (Social Security) taxes. If this happens, a successful small business owner (if there are any left) could see his or her FICA taxes go from an already bloated and burdensome $15,000 per year to an unimaginable $150,000 or more. In U.S. history, no taxpayer has ever seen a ten-times tax increase in one year. This devastating nightmare will wipe out small business and cause people whom Obama calls "rich" to lose their homes and businesses.

    A new IRS law (with the passage of ObamaCare) requires business owners to file thousands of new forms each year documenting virtually every expenditures made by their businesses. As a result of this blizzard of new paperwork, small businesses face ruin.

    Let's not forget the gigantic tax hikes on the state and local level for income taxes, sales taxes, property taxes, and new taxes disguised as "user fees." Local taxes are already at levels that taxpayers and small businesses can no longer afford to pay.

    Finally, Obama refuses to consider lowering the second highest corporate tax rate (40 percent) in the industrialized world. As a result, more businesses will choose to leave the United States and more jobs will be sent overseas.

    Each of these taxes and proposed taxes is a job killer. Taken together, the Obama regime's policies are the equivalent of General Sherman's march to the sea – leaving a tragic path of destruction in its wake. Obama has launched an unprecedented, overwhelming, death-by-tax assault on the groups that fund fiscally conservative causes and candidates: taxpayers and business owners.

    August 24, 2010 01:48 pm at 1:48 pm |
  11. Dano

    Does the GOP ever come up with a new idea other than tax cuts for the wealthy? That seems to be their answer to everything, but lest we forget those tax cuts were in place when the economy tanked in 2008 and American jobs were being eliminated by the tens of thousands each month. For all their criticism of President Obama's handling of the economy, the fact remains that within a few months of him taking over and infusing money into the ecomony the job losses slowed and then stopped. As he said it will take some time to totally right the ship after the near disaster that was the Bush/Cheney years, but there has been progress. I'm sure most Americans would like things to improve faster, but do you really think for a second that putting the clowns that caused this mess back in power will help us recover any quicker?

    August 24, 2010 01:48 pm at 1:48 pm |
  12. CK in SD

    I want to see a poll of what Americans, and in particular wealthy Americans did with the bush tax cuts.

    August 24, 2010 01:50 pm at 1:50 pm |
  13. GI Joe

    Boehner is in such a fog most of the time that he can't see anything past the pub bar, the tanning bed, and the golf shot.

    August 24, 2010 01:50 pm at 1:50 pm |
  14. wake up

    Joe- Please go through US history and see that lower taxes have led to economic growth while high taxes and big govt. lead to high unemployment.
    Joe- i believe you are at least just an innocent moron, while your boss is the worst president in american history. Spend a little less time with your weave and whitened teeth and maybe study history.

    August 24, 2010 01:52 pm at 1:52 pm |
  15. Drew Williams

    Along with Mitch McConnel, Boehner is perhaps one of the least remarkable people to ever practice politics.

    August 24, 2010 01:53 pm at 1:53 pm |
  16. Tom

    Go get him Joe!

    Everybody (except the staunchest Republicans with their heads in the sand) knows that Boehner is a buffoon, just another windbag.

    He will NEVER be Speaker!!!!!!!!!!!!!!!

    August 24, 2010 01:53 pm at 1:53 pm |
  17. Joe from CT, not Lieberman

    WOW, Our VEEP managed to say something without putting his foot in his mouth! Finally he is learning to keep on message! Sorry, but as a liberal Dem, we really need someone different as VEEP candidate in '12. I know the last time an incumbent president ran with a different Veep candidate was Roosevelt in '40, but sometimes a party's gotta do what a party's gotta do!

    August 24, 2010 01:53 pm at 1:53 pm |
  18. ghp

    I am still trying to recover my loses from the Bush disaster. Republicans are for the rich............they always have been.

    August 24, 2010 01:54 pm at 1:54 pm |
  19. ABM

    Thank you for hitting back at Mr. 'No Plan' Tan.

    August 24, 2010 01:54 pm at 1:54 pm |
  20. johnRJ08

    Biden's right. Boehner is a tool of Wall Street and he hasn't got a single idea on how to help the economy. All he knows is that what the president is doing is wrong. Of course, he's wrong about that, too. God help us if this useless clown ever gets to be Speaker of the House. People will be longing for the good ol' days with Nancy Pelosi. At least she had some basic intelligence.

    August 24, 2010 01:54 pm at 1:54 pm |
  21. Tony 140

    Yes it was Bush in the White House but please tell me who had control of the Congress in the "run-up" to the economic crisis. Maybe when they casn't blame Bush anymore they can start blaming Hoover. After all Joe must have seen him on television like he said with Roosevelt. Just think, Joe is 1 heartbeat away from the Presidency and Nancy Pelosi is 2. Let's make sure that Obama keeps getting all his check-ups and don't let him go on Obama-care.

    August 24, 2010 01:55 pm at 1:55 pm |
  22. coy4one

    The Obama administration is merely trying to take the money that the greedy weathly has been soaking up, and begin giving it back to the poor and middle class who are the people that made the wealthy rich to begin with. The problem with the wealthy is that they can never get enough, hence their effort to keep Republicans in office.

    August 24, 2010 01:55 pm at 1:55 pm |
  23. bwd

    Finally the Democrats are coming out stating what is so obvious that the republicans are lying, making up stories and trying to scare the nation. The republicans have no ideas to help the American people but plenty of ideas to help themselves and the rich. Why would anyone want the repubican tea party/fox leading our country. Not me...

    August 24, 2010 01:55 pm at 1:55 pm |
  24. Al

    Go get'em Joe. It's not often that we actually here something that at least appears to be unscripted.

    August 24, 2010 01:55 pm at 1:55 pm |
  25. False and Biased brought to you by the GOP

    The GOP's mantra of "tax cuts for the wealthiest and large corporations create jobs" is a total fallacy. All you have to do is look at the facts. George W. Bush, who implemented some serious tax cuts for the wealthiest Americans and large corporations has some of the lowest job creation numbers on record. W. created only 3 million jobs over 8 years with his magic tax cuts for the wealthy. That "trickle down" just didn't work. And since cutting taxes that much takes away from our country's revenue, Bush also increased the national debt by the highest percentage of any President before him with an increase of 27% (the top three are W. with 27%, the elder Bush with 15% and Reagan with 11%). Clinton managed to create 23 million jobs in 8 years and reduce the debt. Meanwhile, President Obama has been forced to spend on a stimulus and some bailouts, thanks to problems created mainly by the GOP's deregulation policies, since doing nothing to help our economy and the American people was not an option. At least President Obama is busy trying options to keep Americans employed, while the GOP sits around complaining about the economic mess they created and saying NO to every possible solution. The only solution the GOP puts forward is their usual "magic tax cuts for the wealthy and large corporations" that has already proven not to work at all. I'll take the Democrats please.

    August 24, 2010 01:56 pm at 1:56 pm |
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