As Donald Trump departed the White House to attend the G7 after
a day in which he attacked Federal Reserve Chairman Jay Powell as a “worse
enemy” than China’s Chairman Xi and ordered US companies to leave China, a day
in which the Dow plummeted 600 points, a day after he referred to himself as the
“Chosen One” as he looked to the heavens and demanded that Russia be invited
back into the G8, Vice President Joe Biden, candidate for the Democratic
nomination for president, issued this statement:
“This week, in the lead-up to the G7 in
France, President Trump has continued his irrational and self-defeating
campaign to make America less secure and less respected in the world. He
has insulted our closest partners and denigrated one of our most capable
allies, Denmark—a country that has repeatedly fought and sacrificed alongside
our troops. He issued yet another attack on NATO, reiterating his belief that
NATO is an American-run protection racket where our allies better pay up, or
else. And he advocated for Russia’s return to the G7, despite Vladimir Putin’s
long and growing record of aggressive behavior and provocations against the
United States and our allies in Europe.
“Trump’s actions and words are not just embarrassing—they are making the
American people less safe. Every incident further isolates us on the global
stage, reinforcing that his version of “America First” means America alone. For
the first time in its history, the G7 will not even issue a joint communique,
because President Trump refuses to cooperate with our partners on the pressing
issues of our time, including climate change, China’s predatory trade
practices, Russian attacks on western democracies, and nuclear proliferation.
No country, even one as powerful as ours, can go it alone against 21st century
challenges that respect no borders and cannot be contained by walls.
“NATO, the most powerful alliance in history, is the bulwark of America’s
national security and the free world’s first line of defense. It’s how we
amplify our own strength, maintain our presence around the globe, and magnify
our impact – while sharing the burden among willing partners. NATO is an
alliance built first and foremost on shared democratic values, which makes it
more durable and more reliable than partnerships built on coercion or cash. But
it is not indestructible, and Trump has taken a battering ram to our most
important strategic alliance.
“More than two-and-a-half years into his presidency, the pattern of
Trump’s conduct and character is clear. He never misses a chance to lavish
praise on dictators like Putin and Kim Jong Un, and takes every opportunity to
bash our closest democratic allies. Instead of leading alongside fellow
democracies, he seems to be on the other team. His incompetence threatens to
permanently reduce America’s standing and, consequently, our capacity to bring
together nations to address shared challenges. This will change when I am
president. We will restore the soul of this nation. And we will once again lead
the international community in a way that is consistent with our most cherished
values, standing with—not against—the rest of the free world.”
vigorous contest of Democrats seeking the 2020 presidential nomination has
produced excellent policy proposals to address major issues. This is from the
Biden 2020 campaign:
BIDEN PLAN FOR OLDER AMERICANS
The moral obligation of our time is rebuilding
the middle class. The middle class isn’t a number, it’s a value set. And, a key
component of that value set is having a steady, secure income as you age so
your kids won’t have to take care of you in retirement. This means not only
protecting and strengthening Social Security, but also helping more
middle-class families grow their savings.
A dignified retirement also means having access to affordable health care and
support. Too many Americans – and too many older Americans – cannot afford
their prescriptions or their long-term care. Their families are faced with
saving for their own retirement or taking care of their aging parents. It’s not
Working- and middle-class Americans built this country. And, they deserve to
retire with dignity – able to pay for their prescriptions and with access to
quality, affordable long-term care.
STAND UP TO THE ABUSE OF POWER BY PRESCRIPTION DRUG CORPORATIONS
Too many Americans cannot afford their prescription drugs, and prescription
drug corporations are profiteering off of the pocketbooks of sick individuals.
The Biden Plan will put a stop to runaway drug prices and the profiteering of
the drug industry by:
outrageous exception allowing drug corporations to avoid negotiating with
Medicare over drug prices. Because Medicare covers so
many Americans, it has significant leverage to negotiate lower prices for
its beneficiaries. And it does so for hospitals and other providers
participating in the program but not drug manufacturers. Drug
manufacturers not facing any competition, therefore, can charge whatever
price they choose to set. There’s no justification for this except the power
of prescription drug lobbying. The Biden Plan will repeal the existing law
explicitly barring Medicare from negotiating lower prices with drug
prices for drugs that face no competition and are being abusively priced
by manufacturers. Through his work on the Cancer Moonshot, Biden
understands that the future of pharmacological interventions is not
traditional chemical drugs, but specialized biotech drugs that will have
little to no competition to keep prices in check. Without competition, we
need a new approach for keeping the prices of these drugs down. For these
cases where new specialty drugs without competition are being launched,
under the Biden Plan the Secretary of Health and Human Services will
establish an independent review board to assess their value. The board
will recommend a reasonable price, based on the average price in other
countries (a process called external reference
or, if the drug is entering the U.S. market first, based on an evaluation
by the independent board members. This reasonable price will be the rate
Medicare and the public option will pay. In addition, the Biden Plan will
allow private plans participating in the individual marketplace to access
a similar rate.
increases for all brand, biotech and abusively priced generic drugs to
a condition of participation in the Medicare program and public option,
all brand, biotech and abusively priced generic drugs will be prohibited
from increasing their prices more than the general inflation rate. The
Biden plan will also impose a tax penalty on drug manufacturers that
increase the costs of their brand, biotech or abusively priced generic
over the general inflation rate.
consumers to buy prescription drugs from other countries. To create
more competition for U.S. drug corporations, the Biden Plan will allow
consumers to import prescription drugs from other countries, as long as
the U.S. Department of Health and Human Services has certified that those
drugs are safe.
supply of quality generics. Generics help reduce health
care spending, but brand drug corporations have succeeded in preserving a
number of strategies to help them delay the entrance of a generic into the
market even after the patent has expired. The Biden Plan supports numerous
proposals to accelerate the development of safe generics, such as Senator Patrick
Leahy’s proposal to make sure generic
manufacturers have access to a sample.
II. PROTECT AND STRENGTHEN MEDICARE AS WE KNOW
IT AND ENSURE QUALITY, AFFORDABLE HEALTH CARE FOR ALL OLDER AMERICANS
On March 23, 2010, President Obama signed the Affordable Care Act into law,
with Vice President Biden standing by his side, and made history. It was a
victory 100 years in the making. It was the conclusion of a tough fight that
required taking on Republicans, special interests, and the status quo to do
what’s right. But the Obama-Biden Administration got it done.
But, every day over the past nine years, the Affordable Care Act has been under
Immediately after its passage, Congressional Republicans began trying again and
again to repeal it. Following the lead of
President Trump, Republicans in Congress have only doubled down on this
approach since January 2017. And, since repeal through Congress has not been
working, President Trump has been unilaterally doing everything he can to
sabotage the Affordable Care Act. Now, the Trump Administration is trying to
get the entire law – including protections for people with pre-existing
conditions – struck down in court.
As president, Biden will protect
the Affordable Care Act from these continued attacks. He opposes
every effort to get rid of this historic law – including efforts by Republicans,
and efforts by Democrats. Instead of starting from scratch and getting rid of
private insurance, he has a plan to build
on the Affordable Care Act by giving Americans more choice, reducing health care costs, and making our health care system less complex to navigate. You
can read Biden’s full health care plan [here]. In
addition, to improve older Americans’ access to affordable, quality health
care, Biden will:
as we know it. Today,
Medicare provides health insurance coverage to over 60 million older
Americans and people with disabilities. As president, Biden will
continue to defend our nation’s commitment to older Americans and people
with disabilities through Medicare, and he will keep Medicare as a
separate and distinct program, and ensure there is no disruption to the
current Medicare system.
and ensure its beneficiaries can access home and community-based long-term
care when they want it. Medicaid pays for more
long-term care than any other insurer in the country. In fact,
roughly 6 in 10 individuals
residing in nursing homes are enrolled in Medicaid, including many older
Americans. Yet, the Trump Administration is reportedly considering
a plan to cut Medicaid funding by turning it into a block grant. And
Republican leadership in states like Iowa, where Medicaid has been
privatized with devastating results for some
of its most vulnerable residents, are not fulfilling their obligations
under the program. The Biden Plan will protect Medicaid funding and make
sure the program gives those on Medicaid who need long-term care the
flexibility to choose home- and community-based care. In addition, the
Biden Administration won’t let states skirt their duties under Medicaid
and will take enforcement action against any state that allows
profiteering to get in the way of Medicaid beneficiaries’ health.
relief to help solve the long-term care challenge. The Biden
Plan will also help Americans pay for long-term care by providing relief
for Americans needing long-term care by creating a $5,000 tax credit for
informal caregivers, modeled off of legislation
supported by AARP. These informal caregivers –
whether family members or other loved ones – have for too long been doing
tireless work without any financial support. In addition, Biden will
increase the generosity of tax benefitsfor older
Americans who choose to buy long-term care insurance and pay for it using
their savings for retirement.
Care for our
physical, emotional, and financial challenges of caring for a loved one is
enormous. As president, Biden will work to enact at the federal level
Caregiver Advise, Record, Enable (CARE) Act, which has
already been passed in 39 states. This
legislation will help our caregivers by ensuring hospitals equip them with
instructions and information when their loved ones are discharged. Biden
also supports additional proposals to support caregivers, such as funding
to give them access to respite care.
The Biden Plan will protect Social Security for the millions of Americans who
depend on the program. With Social Security’s Trust Fund already in deficit and expected to be
exhausted in 2035, we
urgently need action to make the program solvent and prevent cuts to American
But the Biden Plan doesn’t stop there. As president, Joe Biden will strengthen
benefits for the most vulnerable older Americans – including widows and
widowers, lifelong workers with low monthly benefits, and old-age beneficiaries
who may have exhausted their other savings. Specifically, the Biden Plan will:
Security on a path to long-run solvency. The impending exhaustion of
the Social Security Trust fund imperils American retirement as we know it.
Waiting to act only jeopardizes the program further, and will make an
eventual solution that much more difficult. The Biden Plan will put the
program on a path to long-term solvency by asking Americans with
especially high wages to pay the same taxes on those earnings that
middle-class families pay.
nature of Social Security. Social Security is one of
our nation’s great public policy successes, in large part due to the fact
that participation in the program is shared across almost all workers.
Efforts to privatize the program – such as an approach suggested under the
Bush Administration – will undermine the program’s solvency, while putting
at risk individuals’ income in retirement. Similarly, proposals to make
the program “means-tested” – so that only low-income retirees workers
receive benefits – jeopardizes the program’s universal nature and key role
as the bedrock of American retirement. Ultimately, the success of Social
Security is largely due to the fact that almost all Americans can rely on
the program to make their retirement more secure.
Provide a higher
benefit for the oldest Americans. At advanced ages, Americans
become more vulnerable to exhausting their savings, sometimes falling into
poverty and living a life of hardship. The Biden Plan will provide the
oldest beneficiaries – those who have been receiving retirement
benefits for at least 20
with a higher monthly check to help protect retirees from the pain of
dwindling retirement savings.
Implement a true
minimum benefit for lifelong workers. No one who has worked for
decades and paid into Social Security should have to spend their
retirement in poverty. The Biden Plan will revolutionize the Social
Security’s minimum benefit, which has deteriorated over time to the point
of being entirely ineffective. Under the Biden Plan, workers who spent 30
years working will get a benefit of at least 125%
of the poverty level.
and widowers from steep cuts in benefits. For many
couples, the death of a spouse means that Social Security benefits will be
cut in half – putting pressure on the surviving spouse who still needs to
make the mortgage payment and handle other bills. The Biden Plan
will allow surviving
keep a higher share of the benefits. This will make an appreciable
difference in the finances of older Americans, especially women (who live
longer on average than men), raising the monthly payment by about 20% for
teachers and other public-sector workers. Current rules penalize
teachers and other public sector workers who either switch jobs or who
have earned retirement benefits from various sources. The Biden Plan would
eliminate these penalties by ensuring that teachers not eligible for
Social Security will begin receiving benefits sooner – rather than the
current ten-year period for many teachers. The Biden Plan
will also get rid of the benefit cuts for workers and surviving
beneficiaries who happen to be covered by both Social Security and another
pension. These workers deserve the benefits they earned.
IV. EQUALIZE SAVING INCENTIVES FOR
In the modern retirement landscape, a sound retirement begins with years of
diligent saving. While other aspects of the Biden Plan will help raise wages
for workers and reduce costs for spending like child care and health insurance,
the Biden Plan will also ensure that middle-class families get a leg up as they
grow their nest egg.
Under current law, the tax code affords workers over $200 billion
each year for various retirement benefits – including saving in 401(k)-type
plans or IRAs. While these benefits help workers reach their retirement goals,
many are poorly designed to help low- and middle-income savers – about
two-thirds of the benefit goes to the wealthiest 20% of families. The
Biden Plan will make these savings more equal so that middle class families can
enter retirement with enough savings to support a healthy and secure
retirement. President Biden will do so by:
tax benefits of defined contribution plans. The
current tax benefits for retirement savings are based on the concept of
deferral, whereby savers get to exclude their retirement contributions
from tax, see their savings grow tax free, and then pay taxes when they
withdraw money from their account. This system provides upper-income
families with a much stronger tax break for saving and a limited benefit
for middle-class and other workers with lower earnings. The Biden Plan
will equalize benefits across the income scale, so that low- and
middle-income workers will also get a tax break when they put money away
penalties for caregivers who want to save for retirement. Under
current law, people who work as caregivers without receiving wages are
ineligible to get tax breaks for retirement saving. The Biden Plan will
allow caregivers to make “catch-up” contributions to retirement accounts,
even if they’re not earning income in the formal labor market, as has
been proposed in
bipartisan legislation by Representatives Jackie Walorski
and Harley Rouda.
businesses a tax break for starting a retirement plan and giving workers
the chance to save at work. As proposed by the
Obama-Biden Administration, the Biden Plan will call for widespread
adoption of workplace savings plans and offer tax credits to small
businesses to offset much of the costs. Under Biden’s plan, almost all
workers without a pension or 401(k)-type plan will have access to an
“automatic 401(k),” which provides the opportunity to easily save for
retirement at work – putting millions of middle-class families in the path
to a secure retirement.
V. PROVIDE HELP FOR OLDER WORKERS WHO WANT TO
With longer lifespans and the changing nature of work, many Americans are
choosing to stay in the workforce longer. Despite their valuable contributions,
these workers often face illegal discrimination or steep tax penalties when
they try to continue to earn a living. Joe Biden believes that all workers
deserve an opportunity to earn a living and will fight to change the laws to
allow all people – regardless of their age – to get the pay they deserve. The
Biden Plan will:
Americans against harmful age discrimination. As
president, Biden will back bipartisan legislation protecting older workers
from being discriminated against in the workforce. According to an AARP
this practice is widespread – with more than 60% of older workers
reporting discrimination because of their age. The Biden Plan will put in
place workplace safeguards making it easier for older workers to prove
that they were treated unfairly at work.
Earned Income Tax Credit (EITC) to older workers. The EITC
is one of the most effective strategies for helping low-wage workers
achieve a living wage. Unfortunately, the EITC is not available to workers
once they turn 65, putting them at a distinct disadvantage relative to
their younger peers. As president, Joe Biden will allow low-wage older
workers to claim the tax credit they deserve.
Celebrating the Fourth of July with Iowans in Marshalltown, Vice President Joe Biden, campaigning for the Democratic nomination for President, expressed what the holiday is really about and how Donald Trump doesn’t get it. Here is his speech, as prepared for delivery, with segments highlighted:
Ladies and gentlemen, it’s great to be back in Iowa celebrating the independence of our country and the incredible promise of the American future.
243 years ago, a group of rebels in Philadelphia pledged their lives, their fortunes, and their sacred honor to a revolutionary idea—to the self-evident truth that all men—and women—are created equal.
And ever since then presidents and patriots have gathered together on the 4th, as we are gathered today, to reflect on the greater meaning of our American experiment.
In 1821, just decades after revolution, John Quincy Adams proclaimed: “[America’s] glory is not dominion, but liberty. Her march is the march of the mind.”
In 1861, Abraham Lincoln invoked the Declaration to make the case for the Civil War, reminding Congress that it would be: “a struggle for maintaining in the world that form and substance of government whose leading object is to elevate the condition of men; to lift artificial weights from all shoulders; to clear the paths of laudable pursuit for all.”
In 1962, deep in the grip of the Cold War, Kennedy made the pilgrimage to Independence Hall to declare that: “this Nation—conceived in revolution, nurtured in liberty, maturing in independence—has no intention of abdicating its leadership in that worldwide movement for independence to any nation or society committed to systematic human oppression.”
Three different presidents, of three vastly different eras, united by their faith in the power of the idea that is America. Constant in their dedication to the pursuit of humankind’s highest ideal—liberty.
What, I wonder, will Donald Trump say this evening when he speaks to the nation at an event designed more to stroke his ego than celebrate American ideals?
Will he speak to the example America must set to inspire the world? Will he offer a robust defense of the democratic values that have always been our strength in times of crisis?
We all know the answer to that. Donald Trump is incapable of celebrating what makes America great—because he doesn’t get it.
He cannot distinguish between our Allies and our adversaries—because he does not grasp that America is the “march of the mind” toward greater openness, greater understanding, greater human freedom to pursue lives of meaning and fulfillment.
And if we give Donald Trump eight years in the White House he will forever and fundamentally alter the character of this nation. We can’t let that happen.
Trump’s embrace of dictators and strongmen is a fundamental rejection of everything our founders wrote into their Declaration.
Vladimir Putin in Russia, Kim Jong Un in North Korea, Mohamad bin Salman in Saudi Arabia—their drive to concentrate greater and greater power in their own hands and to silence their opposition, including through brutal assassinations—that is the death of liberty.
Last week, Putin gave an interview where he crowed: “the liberal idea has become obsolete.”
Trump thought he was talking about Democrats in California. Not a joke.
Our president does not understand the difference between liberal as opposed to conservative politics, and liberal as opposed to autocratic systems of government.
Well, I’m here to tell Vladimir Putin, and Donald Trump, and anyone who needs to hear it:the liberal idea is the American idea. And it will never be obsolete—not as long as there remain patriots committed to the higher ideals of life, liberty, and the pursuit of happiness.
The liberal idea is what drives innovation and entrepreneurship. The liberal idea is what inspires art and exploration and human curiosity. And—critically—the liberal idea is what built the Free World.
The Free World is an American design. We created it, together with our democratic allies in Europe and in Asia after World War II, to hold in check the abuse of power by any one nation, and to affirm a collective defense, open economies, and human rights.
The Free World drove the march of democracy, prevented a third great war, protected the territorial integrity and sovereignty of small states, allowed unprecedented economic growth and development, and advanced basic human rights and fundamental freedoms in every corner of the world.
Ours is a community of values that stands in opposition to all who seek to profit by the oppression of others.
That’s why Putin wants to see it destroyed. That’s why he’s actively working to tear apart our democracy.
Ladies and gentlemen – America is the heart of the Free World—and we must defend it.
That is how the Fourth of July is best honored – by remembering that our Declaration is first and foremost a call to arms, in defense of liberty.
But we must also remember, as JFK put it, that ours is: “not the individual liberty of one but the indivisible liberty of all.”
Donald Trump doesn’t get that either.
My liberty, depends on yours. Our liberty as a nation rests on our ability to ensure equal access, equal opportunity – not just for our own children, but all our children.
We have to take on the inequalities in our system that are causing too many today— in America and around the world—to question their faith in the ability of democracy to deliver for them.
It’s not enough to be for political equality—we have to be for economic fairness as well.
It’s not enough to be against the way Donald Trump conducts himself—the way he assaults the dignity of women, people of color, immigrants, LGBTQ individuals—we have to be against his policies that are further entrenching economic inequality in this nation.
That are rigging the system against the middle class.
That too is an attack on our democracy—on our liberty.
That’s the message I’ve been taking all across this nation.
And it’s all the more clear today – on the day we celebrate our independence—this country wasn’t built by Wall Street bankers and CEOs and hedge fund managers.
It was built by you. By ordinary Americans – given half a chance – doing extraordinary things. That’s the history of the journey of America.
My dad used to have an expression. He’d say a job is about a lot more than a paycheck. It’s about dignity. It’s about respect. It’s about one’s place in the community. It’s about being able to look your child in the eye and say everything is going to be ok. And mean it.
But today so many people can’t do that. That’s what we have to change. That is my north star.
The moral obligation of our time is to rebuild the middle class. And this time, everybody comes along – no matter their race, gender, ethnicity, religion,who they love or where they live or whether they have a disability.
For me, it’s all about restoring the dignity of work – being able to provide security and joy for your family.
But how can a person’s dignity be maintained if they can’t afford to care for a sick child or a family member because of a pre-existing condition – or because they’ve reached a point where their health insurer says “no more?”
I can’t imagine what Jill and I would have done with Beau if we couldn’t get the best care to ease his pain and suffering while dealing with an incurable disease.
How can a parent maintain their dignity if their talented and qualified child wants to go beyond high school to trade school or community college or college, but they can’t afford to get them there?
I remember how my father felt when he told me the bank wouldn’t give him a loan to help me go to college. He said, “I’m so ashamed.” I got there – but I’ll never forget that look on his face.
Today’s corporate culture and this Administration don’t care about your dignity. They don’t care about economic fairness.
They’re squeezing the life out of workers. They’re making it harder for you to bargain for your personal worth as well.
40% of workers have to sign non-compete clauses at some point in their careers.
These non-compete agreements have one purpose: to hold down the ability of workers to bargain for themselves and to keep their wages low.
And why do companies classify so many low-wage workers as managers?
So they can get out of paying overtime and take more in profits for themselves. That cost more than 4 million hourly workers $1.2 billion in lost wages last year.
And speaking of overtime – it’s long past time we make a $15 minimum wage at the federal level.
It’s time we started to reward work over wealth in this country.
Let me ask you something.
The stock market is roaring. Do you feel it?
Or how about that big tax cut passed by Trump and the Republicans? Did you feel it?
That tax cut exploded the deficit by some $2 trillion – and now the Republicans are using it as an excuse to go after the social safety net.
Let’s not kid one another. If Trump and the Republicans win in 2020 – they’re coming after Medicare and Medicaid and Social Security.
They’ve already said it. And we can’t let that happen.
So, we need to reverse the Trump tax cuts on the super wealthy. And then we need to get rid of the capital gains loophole.
A just economy—an economy that advances liberty for all—isn’t one where the super wealthy pay lower tax rates than teachers and firefighters.
The Fourth is also a reminder of an important lesson we learned early in this county.
As Benjamin Franklin supposedly said at the signing: “We must all hang together, or most assuredly, we shall all hang separately.”
Folks, we need to unify this country. We have to overcome this status quo of division—that’s the only way we’ll be able to get anything done.
And we can do it without compromising our principles. Marshalltown knows that better than anyone—what do you do when disaster strikes? You come together.
Mr. Mayor, how did you begin rebuilding after that God-awful tornado? By working together with the city council and the local businesses.
It didn’t matter whether folks were Democrats or Republicans then—all that mattered was getting Marshalltown back up and running.
You made that happen—you’re still making that happen.
It goes to show that all that stands in our way is a broken political system.
Folks, for all our problems, I’m more optimistic today than when I got elected to the United States Senate as a 29-year old kid.
And here’s why: We’re better positioned than any nation in the world to lead the 21st Century.
We have the strongest military in the world. We have led not by the example of our power, but by the power of our example. The most productive workers among major world economies. North America is energy independent. We have the world’s greatest research universities.
No other nation in the world can match us. The only thing that can tear America apart is America itself.
The only thing that would make the liberal idea obsolete is if Americans walked away from liberty itself.
Everybody knows who Donald Trump is.
This July 4th, let’s remind the world who we are.
This is the United States of America.
This is the nation that willed ourselves into existence with nothing but faith in ourselves and in the power of an idea.
There’s not a single thing we can’t do – together.