Joe Biden said "First of all, change the tax structure. We are giving people tax breaks who don't need it. The top 1 percent got an $85 billion a year tax break. It is not needed. My dad used to have an expression -- don't tell me what you value, show me your budget. And the budget we have here is we all dance around it. We need more revenue to be able to pay for the things the governor and everybody else talks about. And there's only one way to do it. You either raise taxes or take tax cuts away from people who don't need them. I'd take them away from people who don't need them." @ PoliticalQuotes.com

On the recordJuly 24, 2007

First of all, change the tax structure. We are giving people tax breaks who don't need it. The top 1 percent got an $85 billion a year tax break. It is not needed. My dad used to have an expression -- don't tell me what you value, show me your budget. And the budget we have here is we all dance around it. We need more revenue to be able to pay for the things the governor and everybody else talks about. And there's only one way to do it. You either raise taxes or take tax cuts away from people who don't need them. I'd take them away from people who don't need them.

Said by

Joe Biden

Democratic · Delaware

Source

transcripts.cnn.com

Editor's note · Context

Biden discusses the need to change the tax structure and eliminate unnecessary tax breaks for the wealthy.

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