President Biden gave his farewell address from the Oval Office on Wednesday night. He issued a warning to Americans, saying that he believes an oligarchy is forming in the U.S. He also raised alerts about the military industrial complex, climate change and the dangers of artificial intelligence.
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President Joe Biden issued a dire warning to the American people about the coming four years under the next Donald Trump administration, in his farewell address on Wednesday — even as he tried to strike the most optimistic tone he could that America would remain strong after he left.
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Biden’s farewell address lasted about 17 minutes, with the president recalling his accomplishments in office while warning of the rise of a “tech-industrial complex.”
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President Joe Biden warned of an emerging oligarchy of the ultra-wealthy and a tech-industrial complex in his farewell address. He expressed concern about the concentration of power and advocated for a constitutional amendment to remove immunity for sitting presidents. Biden also reflected on his political career and the achievements of his administration.
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It will be a pivotal year for tax policy. A 2017 Trump tax law is set to expire at the end of 2025. Republicans in Congress are working to extend and improve upon Trump-era tax policies from the Tax Cuts and Jobs act (TCJA).
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