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Attention billionaires, Biden announces tax cut just for you

Video: According to Forbes Magazine‚??s wealthiest persons in the U.S. list, Bill Gates still tops the chart as the richest, but he is only worth $66 billion.

Vice President Joe Biden‚??s campaign rhetoric took a mathematically bizarre turn on Friday when he told supporters that Republicans had passed a $500 trillion tax cut for 120,000 families.

That equals $4.2 billion per family.

And who are the rich folks getting these breaks?

Good question.

According to Forbes Magazine‚??s wealthiest persons in the U.S. list, Bill Gates still tops the chart as the richest, but he is only worth $66 billion.

Warren Buffett is also mega wealthy, but he is only worth $46 billion.

The federal government spent a little over $1 trillion last year to fund itself, and Congress has spent the U.S. into a $16 trillion deficit.

But as for that $500 trillion tax cut, we are simply at a loss to explain it.

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Written By

Audrey Hudson is an award-winning investigative journalist whose enterprise reporting has sparked numerous congressional investigations that led to laws signed by Presidents George W. Bush and Bill Clinton. She won the prestigious Sigma Delta Chi award for Public Service in 2009 for her report on dangerous drug experiments by the federal government on war veterans, which prompted internal investigations and needed reforms within the Veterans Affairs Department. The report also captured first place for investigative reporting by the Washington, D.C. chapter of the Society of Professional Journalists and was a finalist of the International Academy of Digital Arts and Sciences Webby Awards for news and politics. Her breaking stories have been picked up and followed by major news publications and periodicals, including Readers Digest, Washington Monthly, and The Weekly Standard, as well as The New York Times, Wall Street Journal, USA Today, and Washington Post. With nearly 20 years of experience in Washington as a newspaper reporter and as a Capitol Hill staffer for Western lawmakers, she will now lead Human Events‚?? coverage of energy and environmental issues. A native of Kentucky, Mrs. Hudson has worked inside the Beltway for nearly two decades -- on Capitol Hill as a Senate and House spokeswoman, and most recently at The Washington Times covering Congress, Homeland Security, and the Supreme Court. Audrey‚??s email is AHudson@EaglePub.Co

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