Biden on Building the Economy: ‘I’m Going to Start by Reversing the Trump Tax Cuts’

‘Wealthy didn’t need them in the first place’

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BIDEN: "Things were beginning to really move. And just like everything else he's inherited, he's in the midst of squandering it. Squandering. We need the global economy — (Applause) — we need the global economy that, in fact, rewards work, not just — well, that reflects our values. And that's going to start — I'm going to start by revering the Trump tax cuts for the super wealthy and the corporations. 
Wealthy didn't need them in the first place. The corporations have spent them on stock buybacks to give benefits to their stockholders, but more importantly, to their CEOs. You know, used to be, when Reagan was president, the average CEOs of Fortune 500 companies make 36 or 37 times what the average employee makes, vice president all the way down. You know what it is? Over 420 times as much. What happened? My mother would say, 'Who died and left them bucks?'”       

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