Obama Urges Biden Gaffe Tax to Close Budget Deficit
April 1, 2011
President Obama urged Congress today to pass the Vice Presidential Gaffe Tax Act of 2011, which would impose a $10 tax on the U.S. Vice President every time he or she makes an embarrasing public statement or comment. Such an error is popularly known as an Offensive Observation by a Presidential Second (or OOPS.)
“For too long, America has sat idly by while letting the proliferation of OOPSes reach unsustainable levels,” said President Obama. “This new tax will address the United States’ growing OOPS crisis, and will raise billions of dollars in badly needed revenue.”
Particularly egregious statements or incidents (BIg Darn Errors of a Newsworthy nature, or BIDENs) would be taxed at a higher rate of up to $1000 per incident. Congressional Democrats expressed cautious support for the plan, but urged that it be made retroactive to 1988 in order to include the vice presidency of Dan Quayle.
The Congressional Budget Office has estimated the bill to raise nearly a billion dollars in revenue through 2012, but cautioned that estimates beyond the one-year window were difficult to make.
“We don’t know who will be VP in 2013,” said CBO Director Douglas Elmendorf. “It might be Biden or maybe another Democrat. It might even be Michelle Bachmann or Christine O’Donnell. With some of these possibilities, we could have the potential to eliminate the federal deficit once and for all.”
Vice President Joe Biden could not restrain himself from commenting on the bill.
“While the bill is well intentioned, I remain unconvinced that it can raise as much revenue as everyone seems to think,” he said. “A billion dollars in one year is a big [expletive] deal.”
“Oops,” he then added.
Was this page helpful to you?
The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?Contribute to the Tax Foundation
Let us know how we can better serve you!
We work hard to make our analysis as useful as possible. Would you consider telling us more about how we can do better?Give Us Feedback