Current:Home > ContactBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -Wealth Axis Pro
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
View
Date:2025-04-14 23:51:09
WASHINGTON (AP) — President Joe Biden is headed to his hometown of Scranton, Pennsylvania on Tuesday to talk about who he believes should be paying more in taxes (billionaires) and who should be paying less (everyday Americans).
Biden’s campaign said in an announcement on Friday the upcoming speech on the day after Tax Day in the U.S. would “drive home a simple question: ‘Do you think the tax code should work for rich people or for the middle class?’ The President has made it clear what he thinks the answer is, and so has Donald Trump.”
As inflation persists and Americans feel the sting in their pocketbooks, the Democratic president is working to convince voters ahead of the November election that he is still their best choice — not Trump, Republicans’ presumptive presidential nominee. Despite the healthy job market, a near-record-high stock market and a decline in inflation from its peak, many Americans blame Biden for high prices, polls show.
Biden, who talks a lot about his middle-class upbringing and the kitchen table concerns of Americans, has proposed a minimum tax for billionaires of 25%. He has said over 10 years it would raise $500 billion.
“Imagine what we can do for America,” Biden said. “Look, folks, imagine a future with affordable child care, home care, elder care, paid leave.”
Voters soon may also get a chance to see how much Biden is paying in taxes. He usually releases his tax returns on or around Tax Day.
Trump, at a fundraiser hosted by billionaire investor John Paulson, told the crowd that he’d work to extend his sweeping tax cuts approved by congressional Republicans in 2017. The $1.5 trillion cuts reduced taxes for most Americans, but average people were not the prime beneficiaries. Aside from businesses, rich people benefited the most.
According to Trump’s campaign, the fundraiser raised a record $50.5 million.
veryGood! (5491)
Related
- Don't let hackers fool you with a 'scam
- This is not a drill: 1 in 4 teachers say guns forced their schools into lockdown last year
- Key events in OJ Simpson’s fall from sports hero and movie star
- 11-year-old Georgia girl dies saving her dog from house fire; services set
- Travis Hunter, the 2
- Tom Brady is 'not opposed' coming out of retirement to help NFL team in need of QB
- Legendary athlete, actor and millionaire: O.J. Simpson’s murder trial lost him the American dream
- Ex-NBA player scores victory with Kentucky bill to expand coverage for stuttering treatment
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Fiery debate over proposed shield law leads to rare censure in Maine House
Ranking
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Man once known as Alabama’s longest-serving sheriff granted parole from prison sentence
- 55 Coast Guard Academy cadets disciplined over homework cheating accusations
- Tennessee lawmakers send bill to ban first-cousin marriages to governor
- Trump invites nearly all federal workers to quit now, get paid through September
- O.J. Simpson dies at 76: The Kardashians' connections to the controversial star, explained
- O. J. Simpson's top moments off the field (and courtroom), from Hertz ads to 'Naked Gun'
- Caleb Williams, Marvin Harrison Jr. among 13 prospects to attend 2024 NFL draft
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Job market red flag? Despite booming employment gains, white-collar job growth slows
The show goes on for Paramount with ‘Gladiator II,’ a new Damien Chazelle movie and more
Man once known as Alabama’s longest-serving sheriff granted parole from prison sentence
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Get an Extra 20% off Kate Spade Outlet & Score This Chic $299 Crossbody for $65, Plus More Deals
Untangling Channing Tatum and Jenna Dewan's Years-Long Divorce Trial
Key events in OJ Simpson’s fall from sports hero and movie star