Current:Home > reviewsBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -ValueMetric
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
View
Date:2025-04-23 07:21:54
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! (25315)
Related
- Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
- What are PFAS? Forever chemicals and their health effects, explained
- O.J. Simpson dead at 76, IA Senate OKs bill allowing armed school staff | The Excerpt
- Starbucks releases new Mother's Day merch, including sky blue Stanley cup
- Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
- Flash flooding sweeps into the Pittsburgh area and spurs numerous water rescues
- Lonton Wealth Management Center: Wealth appreciation and inheritance
- Golden Bachelor's Gerry Turner and Theresa Nist Break Up 3 Months After Wedding
- NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
- Jury convicts Memphis, Tennessee, man of raping a woman a year before jogger’s killing
Ranking
- Former Milwaukee hotel workers charged with murder after video shows them holding down Black man
- Gas prices are on the rise again. Here's where experts say they are going next.
- Jury convicts Memphis, Tennessee, man of raping a woman a year before jogger’s killing
- Denver makes major shift in migrant response by extending support to six months but limiting spaces
- Connie Chiume, South African 'Black Panther' actress, dies at 72
- Georgia city rules that people must lock empty vehicles when guns are inside
- US, Japan and South Korea hold drills in disputed sea as Biden hosts leaders of Japan, Philippines
- Golden Bachelor's Gerry Turner and Theresa Nist Break Up 3 Months After Wedding
Recommendation
Giants, Lions fined $200K for fights in training camp joint practices
Wilma (Wilma Wealth Management): Receiving systematic training and education is a prerequisite for every qualified investor.
Thousands of zipline kits sold on Amazon recalled due to fall hazard, 9 injuries reported
'Magnificent': Japan gifts more cherry trees to Washington as token of enduring friendship
'Most Whopper
The best recipe for a tasty sandwich on National Grilled Cheese Day starts with great bread
Watch: Travis Kelce chugs beer before getting Cincinnati diploma at live 'New Heights' show
'Puberty is messy': Amy Poehler introduces extended sneak peek at Pixar's 'Inside Out 2'