Joe Biden Flubs, Saying He Wants To “Eliminate Capital Gains Tax…I Would Double It” At Dem Debate

Here's the full clip of Biden's answer to "demonizing welfare" during the debate:

With all of Biden's "flubs" (not to mention his sketchy past with the Ukraine now at center stage), Mike Henry made a great point:

The Washington Examiner had the following to say about Biden's conflicting statements:

During a fiery back-and-forth between billionaire hedge fund manager Tom Steyer and Sen. Elizabeth Warren, the 78-year-old former vice president defended his plan to tax the wealthy by hiking the current capital gains tax. He rejected the idea of demonizing wealthy Americans but got tripped up when he laid out his plan to restructure the U.S. tax code.

          

"Demonizing wealth ... I talked about how you get things done. The way to get things done is take a look at the tax code right now. The idea, we have to start rewarding work, not just wealth. I would eliminate the capital gains tax," Biden said, before immediately changing his tune. "I would raise the capital gains tax to the highest rate of 39.5%. I would double it, because, guess what? Why in God’s name should someone who is clipping coupons in the stock market make, in fact, pay a lower tax rate than someone who in fact is, like I said, who is a school teacher and a firefighter?"

          

Biden's misstep at a key moment in the Tuesday night debate was just one in a series of speaking errors he has made since rocketing to the head of the pack of 2020 Democrats. Biden has recently been under fire for his son Hunter's time on the boards of foreign companies that greatly enriched him personally. Hunter Biden, 49, said on Tuesday that he didn't believe he would have qualified for the positions if his father had not been vice president.

Dallas News also said:

The former vice president is his own worst enemy, and not because of the ethical allegations President Trump keeps throwing at him as a way to distract from his own far more serious entanglements.

Asked about the wealth tax proposed by rivals Warren and Sen. Bernie Sanders, he offered gibberish:

“We have to start rewarding work, not just wealth. I would eliminate the capital gains tax — I would raise the capital gains tax to the highest rate, of 39.5 percent. I would double it, because guess what? Why in God’s name should someone who’s clipping coupons in the stock market make — in fact, pay a lower tax rate than someone who, in fact, is — like I said — the — a schoolteacher and a firefighter? It’s ridiculous.”

“Clipping coupons in the stock market” – is that a gaffe or just a head-scratcher?

What about promising that gun control would cut down killings “expodentially.”

And just as the debate was coming to a close, news came out that he had only $9 million in the bank, a fraction of the reserves held by Warren, who has thrown him off his front-runner pedestal, among others.