HuffPost: “He voted for a landmark Reagan tax bill that slashed the top income tax rate from 70 percent to 50 percent and exempted many wealthy families from the estate tax on unearned inheritances, a measure that cost the federal government an estimated $83 billion in annual revenue. He then called for a spending freeze on Social Security in order to reduce the deficits that tax law helped to create… The 1996 welfare reform vote divided the party ― 23 Senate Democrats voted against it and 23 voted for it, including Biden.”
“Biden also spent roughly a decade pursuing an overhaul of American bankruptcy law to discourage debt-strapped households from discharging their financial obligations in court.”
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