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.
Stated position. What this official has said they believe on this issue — a sourced claim, shown distinctly from any assessment of what they did. It is never scored and never affects the Integrity Score.
Derived from a tracked promise: “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
- 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”
- 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), Executive Order 14026· archivedhttps://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 Congress· archivedhttps://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 Debates· archivedhttps://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.”
- The White House (archived)· archivedhttps://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)· archivedhttps://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 Service· archivedhttps://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.”
- Public Law 118-273 (via GovInfo)· archivedhttps://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)· archivedhttps://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”
- 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”
- The White House (archived)· archivedhttps://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”
“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.”
- 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.”
- The White House (archived)· archivedhttps://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”
- Biden Campaign Press Release via American Presidency Project· archivedhttps://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.”
- ABC News — Full text of Biden's 2020 DNC speech· archivedhttps://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”
- Biden Campaign Press Release (NCPSSM endorsement) via American Presidency Project· archivedhttps://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.”
- Biden Remarks on Racial Economic Equity, Wilmington DE — American Presidency Project· archivedhttps://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”
- Internal Revenue Service· archivedhttps://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)· archivedhttps://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.”