President Biden delivered his closing remarks to Thursday's CNN Presidential Debate, and focused on taxes, Medicare and Social Security, childcare, as well as the cost of living.
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NewsTranscript
00:00We've made significant progress from the debacle that was left by President Trump in
00:09his last term.
00:10We find ourselves in a situation where, number one, we have to make sure that we have a fair
00:16tax system.
00:17I ask anyone out there in the audience, or anyone out watching this debate, do you think
00:22the tax system is fair?
00:23The fact is that, as I said, nobody has been making under $400,000 at a single penny increase
00:30in their taxes.
00:31And if I'm re-elected, that will be the case again.
00:34But this guy has increased your taxes because of the deficit, number one.
00:39He's increased inflation because of the debacle he left after the way he handled the pandemic.
00:45And he finds himself in a position where he now wants to tax you more by putting a ten
00:50percent tariff on everything including the United States of America.
00:53What I did, for example, he wants to get rid of the ability of Medicare, the ability for
01:04us to be able to negotiate drug prices with the big pharma companies.
01:08Well guess what?
01:09We got it down to $35 for insulin instead of $400.
01:16No more than $2,000 for every senior, no matter how much prescription they need.
01:22You know what that did?
01:24That reduced the federal debt by $160 billion over ten years because the government doesn't
01:31have to pay the exorbitant prices.
01:33I'm going to make that available to every senior, all along what's happening now, and
01:39everybody in America.
01:40He wants to get rid of that.
01:42We have, I'm going to make sure that we have child care.
01:44We're going to significantly increase the credit people have for child care.
01:48I'm going to make sure we do something about what we're doing on lead pipes and all the
01:52things that are causing health problems for people across the country.
01:57We're going to continue to fight to bring down inflation and give people a break.