Description: Bailout Bill Campaign Impact
Candidate: Sen. Biden
Question: As a result of the bailout, what promise can not be kept by your campaign?
IFILL: ... I want to get -- try to get you both to answer a question that neither of your principals quite answered when my colleague, Jim Lehrer, asked it last week, starting with you, Senator Biden.
What promises -- given the events of the week, the bailout plan, all of this, what promises have you and your campaigns made to the American people that you're not going to be able to keep?
BIDEN: Well, the one thing we might have to slow down is a commitment we made to double foreign assistance. We'll probably have to slow that down.
We also are going to make sure that we do not go forward with the tax cut proposals of the administration -- of John McCain, the existing one for people making over $250,000, which is $130 billion this year alone.
We're not going to support the $300 billion tax cut that they have for corporate America and the very wealthy. We're not going to support another $4 billion tax cut for ExxonMobil.
And what we're not going to also hold up on, Gwen, is we cannot afford to hold up on providing for incentives for new jobs by an energy policy, creating new jobs.
We cannot slow up on education, because that's the engine that is going to give us the economic growth and competitiveness that we need.
And we are not going to slow up on the whole idea of providing for affordable health care for Americans, none of which, when we get to talk about health care, is as my -- as the governor characterized -- characterized.
The bottom line here is that we are going to, in fact, eliminate those wasteful spending that exist in the budget right now, a number of things I don't have time, because the light is blinking, that I won't be able to mention, but one of which is the $100 billion tax dodge that, in fact, allows people to take their post office box off- shore, avoid taxes.
I call that unpatriotic. I call that unpatriotic.
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