Biden: The $5 Trillion Build Back Better Bill ‘Costs Zero’ and Is Actually a ‘Tax Cut’

‘The cost of the build back better bill in terms of adding to the deficit is zero’

TRANSCRIPT:

BIDEN: "They represent less than one half of one percent of our economic growth each year. Less than one half of one percent. And the cost of the Build Back Better bill in terms of adding to the deficit is zero. Zero. Zero. Because we’re going to pay for it all. In addition to that, half of it is a tax cut. It's not spending money to tax cut for working-class people. It's about time, as I said, and I come from the corporate state of the world. Not a joke. More corporations are registered in my state than every other state in the United States combined. And I represented the state of DuPont, as they used to call it, for 36 years. I'm not anti-business. But I’m about just begin pay your fair share. Look, folks, under this proposal and under this proposal — these proposals that I’m talking about, I guarantee you that no one making under $400,000 a year will see one single penny in tax go up. Not one. In fact, the plan cuts taxes for working people."

Video files
Full
Compact
Audio files
Full
Compact
Similar stories
Pelosi: ‘The Build Back Better Bill Is Passed’
Biden: My Build Back Better Plan ‘Would Add Hearing, Dental and Vision Benefits to Medicare’
Nancy Pelosi Claims Build Back Better Bill Is a Middle Class ‘Tax Cut’ That’s Totally Paid For
Biden on Build Back Better: ‘I Want to Get It Done, No Mater How Long It Takes’
Jen Psaki Repeats False Claim that Biden’s Build Back Better Is ‘Paid For’