Biden reportedly “misspoke” on 60 Minutes, staff says actual cost of free college plan double what he stated

by Peter Heck · Oct 27th, 2020 10:36 am
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Last Updated Oct 28th, 2020 at 1:59 am

During his much-anticipated "60 Minutes" interview Sunday, former Vice President Joe Biden told the country he could, "send every single qualified person to a four-year college in their state for $150 billion." His campaign later clarified that number by saying that Biden misspoke, and the total would be much larger, perhaps even double what Biden promised.

"I can make sure every single person who qualifies for community college can go and we still have a lotta money left over," Biden said. "That's what I mean by [making] significant institutional changes."

The Democratic presidential nominee said this and many other large government initiatives he favors could be financed by a 15% minimum tax on corporations. Biden claims that tax alone would raise more than $400 billion.

Economists have disputed the actual amount that would be raised, as well as pointing out the increased cost of doing business that consumers would endure if businesses were forced to endure such a significant increase in their tax burden.

CBS did make viewers of "60 Minutes" aware of Biden's mathematical error during the airing of the program, with host Norah O'Donnell providing a voice over to correct the former VP's projection.

"After our interview, Mr. Biden's staff told us he misspoke, and that the cost of free public college could be twice as much as he said," O'Donnell said in the voice over.


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