Republicans wanted to raise money through fees issues on those who use the new infrastructure The remaining $550 billion over the next five years requires new spendingĭemocrats wanted to fund the rest through tax revenues like a new gas tax $650 billion in funding for the bill comes from existing, planned investments in the country’s roads, highways and bridges $73 billion to modernize America’s energy grid $21 billion to respond to environmental concerns like pollution $7.5 billion for the first-ever network of charging stations for electric vehicles In 2018, they gave another $275,800, and in 2019, they doled out $14,700, according to the tax filings.$65 billion for expanding broadband internet After having given about $70,000 from 1998 to 2016 to charity, they donated more than $1 million in 2017, supporting organizations such as the Catholic Diocese of Wilmington and the United Jewish Federation of Chicago. But they didn’t hoard everything for themselves. The Bidens invested some of that money into real estate, buying a $2.7 million second home by the water in Rehoboth Beach, Delaware, in June 2017. By the end of 2019, Biden was a Democratic front-runner and a fairly wealthy man, having earned $16.7 million in three years and built up a net worth of roughly $9 million.
Biden delivered his final paid speech in Fort Lauderdale on January 28, three months before launching his campaign. Another half a million dollars came from writing and speaking. Biden took an unpaid leave of absence from UPenn when he started his campaign in April 2019, so his salary from the university dropped to $135,000. In 2019, the year that Biden launched his bid for the presidency, he and Jill earned about $1 million. The Bidens’ earnings, which also included payments from pensions and Social Security, totaled $4.6 million in 2018. He earned $8,000 for a stop in Ann Arbor, Michigan, for instance, but he received $190,000 for a speech in Madison, New Jersey, paid for by Drew University, according to his financial disclosure form. Depending on where he was speaking, Joe Biden’s payout varied dramatically. He and Jill also earned $3.7 million from their books and speaking gigs. The next year, Biden stayed on at Penn, earning $405,000. In February 2017, Joe Biden was also named the Benjamin Franklin Presidential Practice Professor at the University of Pennsylvania, a post that earned him a $372,000 salary that year. Publishers Weekly reported in 2017 that the couple’s book deal with Flatiron Books was valued at $8 million. The Biden campaign explained in a press release last year that the money in those entities came from speaking engagements and book payments connected to Joe’s memoir, Promise Me, Dad, and Jill’s memoir, Where the Light Enters. About $10 million of that flowed through two S-corporations called CelticCapri and Giacoppa. In 2017, the Bidens declared $11.1 million in total earnings, nearly twice as much in a single year as they had made in the previous 18 years combined. When Biden left the West Wing, the big money started coming. The following year, she reported $24,400 of author earnings. In 2012, Jill published a children’s book called Don’t Forget, God Bless Our Troops. Between 20, the Bidens took in about $17,000 of net earnings per year from the property. Other sources of income include a cottage in Wilmington, Delaware, which the Secret Service reportedly rented. Biden, who was 66 when he became vice president, had only collected about $6,500 from Social Security before 2009. They also collected about $890,000 from pensions and annuities over the same time frame. The couple earned about $385,000 in Social Security benefits between 20.
In 2009, the Bidens also began collecting real money from Social Security, as well as pensions and annuities, according to their tax filings.
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