(The Center Square) – President Joe Biden touted what he said were his administration’s many accomplishments since taking office during his Tuesday night State of the Union address, heralding economic gains, the bounce back from COVID-19, funding for Ukraine and more.
Critics noted he largely ignored the border crisis in his speech, including the record amounts of deadly fentanyl being smuggled into the U.S. from Mexico, leading to tens of thousands of overdose and poisoning deaths, as well as the threat China faces to U.S. security after a Chinese espionage balloon was shot down after days of gathering surveillance over U.S. air space. They also pointed to what they said were his many deceptions.
Biden discussed inflation, one of the biggest struggles of his administration, by pointing to the recent slowdown in rising costs, again blaming Russia’s invasion of Ukraine for the impact on global supply chains.
“Here at home, inflation is coming down,” Biden said. “Here at home, gas prices are down $1.50 from their peak. Food inflation is coming down, not fast enough but coming down.”
After Biden’s speech, critics said Biden wasn’t telling the truth.
“Joe Biden may be able to deceive himself, but the American people know better,” said Daniel Turner, executive director of energy worker advocacy group Power The Future. “The simple facts are gas costs more, groceries cost more and our energy independence is surrendered. The State of the Union is weaker and the President’s failed agenda is the reason why.”
Gas prices soared to an average of more than $5 a gallon in the U.S. last summer, an all-time high.
Biden also called for the “wealthiest and biggest corporations to begin to pay their fair share,” and proposed quadrupling the tax on corporate stock buybacks from 1% to 4%, a proposal critics say would cost an untold number of jobs and hurt the economy.
“Look, I’m a capitalist, but pay your fair share,” Biden said. “The idea that in 2020, 55 of the largest corporations in America, the Fortune 500, made $40 billion in profits and paid zero in federal taxes … folks, it’s simply not fair.”
Biden pointed to the 15% minimum tax on book income passed in the Inflation Reduction Act and called for the passage of a billionaire tax.
Biden also touted the growth in jobs since taking office. Critics noted the U.S was returning to normalcy after massive layoffs caused by pandemic-era shutdowns and state-at-home orders.
“Two years ago, COVID had shut down … our businesses were closed, our schools were robbed of so much,” Biden said. “Today, COVID no longer controls our lives.”
Behind Biden sat Vice President Kamala Harris and newly elected Speaker Kevin McCarthy, R-Calif., the new face of Republican leadership in the U.S. House of Representatives.
Biden took a moment to welcome and congratulate McCarthy.
“Speaker, I don’t want to ruin your reputation, but I look forward to working with you,” Biden said to laughs from lawmakers in attendance.
Biden also gave a nod to U.S. Rep. Hakeem Jeffries, D-N.Y., the new Democratic Minority Leader.
Biden’s speech was punctuated with bouts of applause, usually from Democrats but sometimes from both parties.
“Time and again, Republicans came together,” Biden said, pointing to bipartisan support for funding in Ukraine, COVID relief and legislation helping victims exposed to toxic burn pits.
“I signed over 300 pieces of bipartisan legislation since becoming president…,” he said.
Biden emphasized American manufacturing during the address. He said that going forward, federal infrastructure projects will only use materials bought and made in the U.S., pointing to things like “lumber, glass, drywall, fiber optic cable.”
Biden’s speech ranged across a wide array of topics, including the Inflation Reduction Act, energy, climate change, prescription drug costs, health care, deficit reduction, policing, gun control, big tech, and more. While he briefly mentioned surging illegal immigration, the fentanyl crisis and the threat of China, critics noted that he spent very little time on the topics.
“One hour into this speech, and President Biden hasn’t mentioned China or our border once,” McCarthy’s office tweeted. “But he’s proposed raising taxes three times. Tells you where his priorities lie.”
Biden took a shot at former President Donald Trump’s deficit increases and called on Congress to increase the debt limit, something Congress has to do in the coming weeks or face defaulting on the debt. His Republican critics blame Biden’s massive new spending programs for driving 40-year-high inflation, and also noted that the deficit had soared because of his spending initiatives.
Republican lawmakers erupted in boos and vocal accusations that he was lying when Biden said some Republicans wanted Medicare and Social Security benefits to sunset. After the pushback, Biden conceded that the Republican Party did not want to end the entitlement programs.
GOP lawmakers also were quick to push back on Biden’s claims of economic success.
“Americans are paying the price due to President Biden and the Democrats radical and out-of-control spending. Soaring energy and food prices, as well as broken supply chains are making it difficult for the hardworking people of this country to get by,” House Energy and Commerce Committee Chair Rep. Cathy Rodgers, R-Wash., said. “From the gas pump to the grocery store, American families are seeing an increasing costs for routine expenses. Families on average have been forced to pay $10,000 more over the last two years for everyday goods and services, and more than a third of U.S. households say they’ve forgone things like food and medicine in order to pay their energy bills. These rising costs are hitting low- and middle-income families the hardest.”
—-
This content is published through a licensing agreement with Acquire Media using its NewsEdge technology.
this so called man is NOT my president.
When it comes to paying his own fair share, a good tax audit will probably be a one way ticket to Prison. for BOTH Jan his entire crime family. The onl;y way his family and personal wealth could end up being 100 times the sum total of all the salary of his 50 years in office is that he never paid his fair share of taxes, on income he never declared. DUH! Fair is when EVERYONE has taxed skin in the taxt game whether you earn 10 thousand or 10 million each earn. Let hard work and success be the determinant whose pays the most, not some liberal sob sister Democrat who thinks equity is more improtant than equality, and free speech should be paid for in party campaign donations.
You assume the IRS would DARE to audit him.
One thing that anyone can always depend on when it comes to the Democrat Party –
They Lie, Con and Deceive about everything!!!
Actually when it comes to enriching the Biden Crime family’s financial status, Joe has been quite successful. Inflation works for him when it is the level of laundered Chinese and Ukrainian kickback money infating in his hidden bank accounts and party social resitributed money, and deflation works when the air is finally taken out of Hunters inflatable dolls which allows him to spout about him being the smartest guy he knows. Too bad he was so efficeint in deflating Chinese Spy balloins before they got all the secret locations of our military defense silos.
IF they are breathing, they are lying!
I didn’t watch this. I just don’t listen to this old liar’s voice at all anymore. I’ll read about it later. That saves my TV screen.
I was too busy watching an oldie with Burt Reynolds, Hard times “hostage hotel”, and followed it up wiith Charlie Sheen’s The chase>
“Look, I’m a capitalist, but pay your fair share,” Biden said. “The idea that in 2020, 55 of the largest corporations in America, the Fortune 500, made $40 billion in profits and paid zero in federal taxes … folks, it’s simply not fair.”
Anyone with an ounce of common sense knows that this is utter foolishness! “Corporate tax” gets passed on to the consumer. It doesn’t come out of the pocket of the company owners. It’s just another way to tax the American people.
DemonRats always lie though, so I wouldn’t expect anything else out of their mouths.
AND what about all those states/cities, that gave “ten hears no taxes” to this or that Football, Basketball, or other sports team, to move into their cities> WHERE IS THEIR FAIR share!