The White House Blog: The Vice President

Vice President Discusses College Affordability with College and University Officials

Vice President Joe Biden holds a meeting on transparency in college costs with Secretary of Education Arne Duncan and college presidents, in the Roosevelt Room of the White House, June 5, 2012. (Official White House Photo by David Lienemann)

Today, Vice President Biden met with the presidents and senior officials of ten colleges, universities, and state systems of higher education from across the country to discuss the importance of providing students and families with transparent information about the cost of attendance and financial aid. Secretary Duncan, Director of the Consumer Financial Protection Bureau Richard Cordray, and Director of the White House Domestic Policy Council Cecilia Muñoz also participated in the discussion.

Post-secondary education is a valuable investment – more than 60 percent of new jobs in the next decade will require a credential beyond a high school diploma. But before settling on a school and signing any loan agreements, students and their families need easy-to-understand information regarding how they will finance their education. Colleges and universities already provide some statistics about the cost of attendance and available financial aid, but that information is often not clearly presented to students and their families in a way that facilitates easy comparison among schools. Further, schools usually do not provide important information including an estimate of students’ future loan payments, or data about the likelihood of graduation or loan default.

America Remembers

Vice President Joe Biden and Dr. Jill Biden address the Tragedy Assistance Program for Survivors (TAPS) National Military Survivor Seminar in Arlington, Virginia, May 25, 2012. (Official White House Photo by David Lienemann)

My husband Joe and I spent the morning with some of our nation’s bravest heroes -- kids, spouses and parents who have lost loved ones who have served in the military.
 
We were honored to kick off the 18th annual Tragedy Assistance Program for Survivors (TAPS) National Military Survivor Seminar and Good Grief Camp for Young Survivors. TAPS is a national nonprofit organization providing care to families of the fallen, including peer emotional support, grief and trauma resources and information, casualty casework assistance and crisis intervention, for all those affected by the death of a loved one who served in the military.

This weekend, TAPS will help children and families of fallen service members build relationships that will last a lifetime. They will bond over their shared experiences, support one another, learn ways to cope with their grief, and also have a little fun touring our Nation’s capital.  The camp is really making a difference in the lives of the children who attend – many of whom come back year after year, and some go on to become counselors themselves.  I met a teenager who lost his father when he was nine, and this weekend he is attending the camp for the fifth time. He is heading off to college in the fall, and I am certain he will continue to inspire and support people he meets throughout his life.  

These families have endured so much – and yet they are pillars of strength that inspire us all.  The months and years ahead will not be easy for them, and some days will be better than others.  But they have one very important thing to help get them through – the military family.  And as an Army mom, I know that means they will never be alone.  It is my hope that on Memorial Day – and every day – these families will know that our entire Nation mourns alongside them, and that we will never forget their loved ones.

Dr. Jill Biden greets children at the Tragedy Assistance Program for Survivors (TAPS) National Military Survivor Seminar & Good Grief Camp for Young Survivors in Arlington, Virginia, May 25, 2012. (Official White House Photo by David Lienemann)

President Obama & Vice President Biden Honor the Nations TOP COPS

President Barack Obama greets 2012 National Association of Police Organizations Top Cops honorees following his remarks in the Rose Garden of the White House, May 12, 2012. (Official White House Photo by Pete Souza) May 12, 2012. (Official White House Photo)

 You know, I look forward to this event each and every year, because it’s a chance to say thank you.  Every day, hundreds of thousands of law enforcement officers keep our neighborhoods safe, and frankly, they don’t ask for a lot.  They don't ask for a lot of credit.  They don’t go to work planning to be heroes.  They just do their jobs.

Our safety will always depend on the quiet heroism of ordinary Americans, like the ones that we recognize today.  We will be forever in debt to those who wear the badge; to men and women with a deep sense of duty, and a willingness to serve and sacrifice on our behalf.  And I think these individuals don't mind me saying that they are representative of the sacrifices and that quiet courage that exists among law enforcement officers all across the country -- and their families, because I know the strains of families in such a difficult job is significant as well.  And those families, those of you who are here today, we want to say thank you to you as well.

So, again, to the 2012 Top Cops, thank you for everything you do.  God bless you and your families.  And God bless the United States of America.  All right. 

President Obama and Vice President Biden’s 2011 Tax Returns

Today, the President released his 2011 federal income and gift tax returns. He and the First Lady filed their income tax returns jointly and reported adjusted gross income of $789,674. About half of the first family’s income is the President’s salary; the other half is from sales proceeds of the President’s books. The Obamas paid $162,074 in total tax.

The President and First Lady also reported donating $172,130 – or about 22% of their adjusted gross income – to 39 different charities. The largest reported gift to charity was a $117,130 contribution to the Fisher House Foundation. The President is donating the after-tax proceeds from his children’s book to Fisher House, a scholarship fund for children of fallen and disabled soldiers. 

The President’s effective federal income tax rate is 20.5%. The President believes we must reform our tax system which is why he has proposed policies like the Buffett Rule that would ask the wealthiest Americans to pay their fair share while protecting families making under $250,000 from seeing their taxes go up. Under the President’s own tax proposals, including the expiration of the high-income tax cuts and limitations on the value of tax preferences for high-income households, he would pay more in taxes while ensuring we cut taxes for the middle class and those trying to get in it. 

The President and First Lady also released their Illinois income tax return and reported paying $31,941 in state income tax.

Download the Obamas’ tax returns

The Vice President and Dr. Jill Biden also released their 2011 federal income tax returns, as well as state income tax returns for both Delaware and Virginia. The Bidens filed joint federal and combined Delaware income tax returns. Dr. Biden filed a separate non-resident tax return for the state of Virginia. Together, they reported adjusted gross income of $379,035. The Bidens paid $87,900 in total federal tax for 2011. They paid $13,843 in Delaware income tax and $3,614 in Virginia income tax. The Bidens contributed $5,540 to charity in 2011.

Download the Bidens’ tax returns

American taxpayers are able to go online and see exactly how their federal tax dollars are spent.  You can visit the taxpayer receipt and after entering a few pieces of information about your taxes, the taxpayer receipt will give you a breakdown of how your tax dollars are spent on priorities like education, veterans benefits, or health care. 

View the President and First Lady’s tax receipt

View the Vice President and Dr. Biden’s tax receipt