Biden’s success rate, unsurprisingly, was pretty poor, given the Republican takeover of the House and the narrow edge Democrats hold in the Senate.
Biden: “We capped the cost of insulin at $35 a month for seniors on Medicare …. Let’s finish the job this time. Let’s cap the cost of insulin for everybody at $35.”
❌ Biden’s 2022 Inflation Reduction Act provided a $35 monthly cap on insulin for people 65 and older on Medicare. It would have capped the cost of insulin at $35 for all Americans, but Senate Republicans used a parliamentary rule to strip that provision out of the bill. Congress has not acted this year on Biden’s request to reinstate his original proposal.
Biden: “Thanks to the law I signed last year, millions are saving $800 a year on their [Obamacare health insurance] premiums. And, by the way, that law was written — and the benefit expires in 2025. So, my plea to some of you, at least in this audience: Let’s finish the job and make those savings permanent. Expand coverage on Medicaid.”
❌ Proposals to permanently extend Affordable Care Act subsidies — first included in the 2021 American Rescue Plan and then extended in the Inflation Reduction Act — have not advanced in Congress. Without a new law, marketplace premiums will spike in 2026.
Biden: “We’re going to build 500,000 electric vehicle charging stations, installed across the country by tens of thousands of IBEW workers.”
❌ Biden’s “500,000” figure is a target for 2030. But in December, Politico reported that not a single charging station has been built yet. “States and the charger industry blame the delays mostly on the labyrinth of new contracting and performance requirements they have to navigate to receive federal funds,” Politico said. “While federal officials have authorized more than $2 billion of the funds to be sent to states, fewer than half of states have even started to take bids from contractors to build the chargers — let alone begin construction.” Some Republicans hope to roll back Biden’s funding.
Biden: “We have to reward work, not just wealth. Pass my proposal for the billionaire minimum tax.”
❌ Congress has not acted on Biden’s proposal to impose a minimum 25 percent tax on all taxpayers with wealth greater than $100 million.
Biden: “I propose we quadruple the tax on corporate stock buybacks and encourage long-term investments. They’ll still make considerable profit.”
❌ Congress took no action on this proposal.
Biden: “Let’s finish the job and close the loopholes that allow the very wealthy to avoid paying their taxes.”
❌ Congress also ignored these proposals.
Biden: “Instead of cutting the number of audits for wealthy taxpayers, I just signed a law to reduce the deficit by $114 billion by cracking down on wealthy tax cheats. That’s being fiscally responsible.”
✔️ Biden won $80 billion in new funding for the Internal Revenue Service to step up enforcement, but Republicans scaled it back by $20 billion during budget negotiations. Biden’s deficit figure of $114 billion was based on a Congressional Budget Office estimate that the IRS would bolster revenue by $180 billion over 10 years. But the IRS said last month that it expects to earn as much as $561 billion in extra taxes if it gets the full $80 billion. So even with a reduced budget, Biden’s deficit-reduction target is plausible. So we will count this as still on track.
Biden: “How did Congress respond to that debt? They did the right thing. They lifted the debt ceiling three times without preconditions or crisis. They paid the American bill to prevent an economic disaster of the…
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