We'll not only build back, we'll build back better — with 5 million new manufacturing and technology jobs so the future is made in America.

Sources

• ABC News — Full text of Biden's 2020 DNC speechhttps://abcnews.com/Politics/full-text-joe-bidens-2020-democratic-national-convention/story?id=72513129 ↗

  “we'll not only build back, we'll build back better — with 5 million new manufacturing and technology jobs so the future is made in America”

• Coalition for a Prosperous America (republication of Biden campaign document from joebiden.com/madeinamerica, July 2020)https://prosperousamerica.org/the-biden-plan-to-ensure-the-future-is-made-in-all-of-america-by-all-of-americas-workers/ ↗

  “Biden's plan to ensure the future is made in all of America will help create at least 5 million new jobs in manufacturing and innovation”

• Biden Campaign Press Release via American Presidency Projecthttps://www.presidency.ucsb.edu/documents/biden-campaign-press-release-fact-sheet-joe-bidens-plan-build-back-better-for-american ↗

  “Raise the minimum wage to $15 per hour and end the tipped minimum wage and sub-minimum wage for people with disabilities.”

• The White House (archived), Executive Order 14026https://bidenwhitehouse.archives.gov/briefing-room/presidential-actions/2021/04/27/executive-order-on-increasing-the-minimum-wage-for-federal-contractors/ ↗

  “$15.00 per hour, beginning January 30, 2022”

• U.S. Senate roll call vote 74, 117th Congresshttps://www.senate.gov/legislative/LIS/roll_call_votes/vote1171/vote_117_1_00074.htm ↗

  “To provide for increases in the Federal minimum wage.”

• Commission on Presidential Debateshttps://www.debates.org/voter-education/debate-transcripts/september-29-2020-debate-transcript/ ↗

  “That's why I'm going to eliminate the Trump tax cuts. And I'm going to eliminate those tax cuts. And make sure that we invest in the people who in fact need the help.”

• Internal Revenue Servicehttps://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2024 ↗

  “For tax year 2024, the top tax rate remains 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).”

• The White House (archived)https://bidenwhitehouse.archives.gov/briefing-room/statements-releases/2021/04/28/fact-sheet-the-american-families-plan/ ↗

  “The President's plan restores the top tax bracket to what it was before the 2017 law, returning the rate to 39.6 percent, applying only to those within the top one percent.”

• The White House (archived)https://bidenwhitehouse.archives.gov/briefing-room/statements-releases/2024/03/11/fact-sheet-the-presidents-budget-cuts-taxes-for-working-families-and-makes-big-corporations-and-the-wealthy-pay-their-fair-share/ ↗

  “The President's Budget would set the corporate tax rate at 28 percent, still well below the 35 percent rate that prevailed prior to the 2017 tax law.”

• The White House (archived)https://bidenwhitehouse.archives.gov/briefing-room/statements-releases/2021/03/31/fact-sheet-the-american-jobs-plan/ ↗

  “The President's tax plan will ensure that corporations pay their fair share of taxes by increasing the corporate tax rate to 28 percent.”

• Internal Revenue Servicehttps://www.irs.gov/inflation-reduction-act-of-2022/corporate-alternative-minimum-tax ↗

  “The Inflation Reduction Act of 2022 created the corporate alternative minimum tax (CAMT), which imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of large corporations for taxable years beginning after Dec. 31, 2022.”

• Biden Campaign Press Release (NCPSSM endorsement) via American Presidency Projecthttps://www.presidency.ucsb.edu/documents/biden-campaign-press-release-icymi-their-first-ever-presidential-endorsement-national ↗

  “Biden's plan proposes to expand benefits, which would lift approximately half a million additional seniors out of poverty by 2030, and fund solvency by applying payroll taxes to high-wage earners above $400,000.”

• Public Law 118-273 (via GovInfo)https://www.govinfo.gov/content/pkg/PLAW-118publ273/pdf/PLAW-118publ273.pdf ↗

  “To amend title II of the Social Security Act to repeal the Government pension offset and windfall elimination provisions.”

• Federal Register (via GovInfo)https://www.govinfo.gov/content/pkg/FR-2021-04-30/pdf/2021-09263.pdf ↗

  “increasing the hourly minimum wage paid by the parties that contract with the Federal Government to $15.00”

• Tax Foundation — analysis of Biden 2020 campaign tax planhttps://taxfoundation.org/research/all/federal/joe-biden-tax-plan-2020/ ↗

  “Raise top individual income tax rate from 37% to 39.6% for income above $400,000. Tax long-term capital gains at ordinary income rates (39.6%) for those earning over $1 million.”

• Committee for a Responsible Federal Budgethttps://www.crfb.org/papers/understanding-joe-bidens-2020-tax-plan ↗

  “restore top rate from 37 to 39.6 percent; tax capital gains as ordinary income at a rate of 39.6 percent for individuals and couples earning more than $1 million”

• Washington Times — pool report of Biden virtual fundraiserhttps://www.washingtontimes.com/news/2020/jun/30/joe-biden-tells-donors-he-plans-rid-bulk-trillion-/ ↗

  “I'm going to get rid of the bulk of Trump's $2 trillion tax cut, and a lot of you may not like that but I'm going to close loopholes like capital gains and stepped-up basis.”

• The White House (archived)https://bidenwhitehouse.archives.gov/briefing-room/statements-releases/2021/11/06/fact-sheet-the-bipartisan-infrastructure-deal/ ↗

  “largest investment in the resilience of physical and natural systems in American history”

• The White House (archived)https://bidenwhitehouse.archives.gov/cleanenergy/inflation-reduction-act-guidebook/ ↗

  “the most significant action Congress has taken on clean energy and climate change in the nation's history”

• CBS Newshttps://www.cbsnews.com/live-updates/biden-signs-inflation-reduction-act-into-law-climate-health-care-taxes/ ↗

  “The new law provides $369 billion to fund energy and climate projects aimed at reducing carbon emissions by 40% by 2030, the most significant investment in fighting climate change ever.”

• Biden Remarks on Racial Economic Equity, Wilmington DE — American Presidency Projecthttps://www.presidency.ucsb.edu/documents/build-back-better-remarks-vice-president-joe-biden-racial-economic-equity-wilmington ↗

  “a $15,000 first-time home-buyer tax credit to expanding affordable housing”