Biden speech takeaways: More conciliation than conflict - New York Amsterdam News

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Biden speech takeaways: More conciliation than conflict - New York Amsterdam News
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The State of the Union address tends to have a ritual rhythm. Grand entrance. Applause. Platitudes. Policies. Appeals for Unity, real or imagined.

When Biden hit each of these themes, Republican House Speaker Kevin McCarthy politely clapped, even standing to applaud at one point.

But then came a Biden comment that generated boos and hoots from Republicans: Biden said some in the GOP were bent on cutting Social Security and Medicare. “No billionaire should pay a lower tax rate than a school teacher or a firefighter,” Biden said in one of the bigger applause lines of his speech.so they don’t pay a lower rate than many middle-class households. Biden had pitched a 20% tax on the income and unrealized financial gains of households worth $100 million or more. The administration estimated it would generate $360 billion over 10 years. That would in theory help fund some priorities and possibly reduce the deficit.

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