Current:Home > NewsBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -EliteFunds
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
View
Date:2025-04-16 03:09:51
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! (6)
Related
- Sonya Massey's father decries possible release of former deputy charged with her death
- Snag This $199 Above Ground Pool for Just $88 & Achieve the Summer of Your Dreams
- Trump Media sues former Apprentice contestants and Truth Social co-founders to strip them of shares
- AT&T says personal information, data from 73 million accounts leaked onto dark web
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- South Korean computer chipmaker plans $3.87 billion Indiana semiconductor plant and research center
- Officer acquitted in 2020 death of Manuel Ellis in Tacoma hired by neighboring sheriff's office
- Netflix docuseries on abuse allegations at New York boarding school prompts fresh investigation
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Governor says budgetary cap would limit his immediate response to natural disasters in Kentucky
Ranking
- The Grammy nominee you need to hear: Esperanza Spalding
- 'Nuclear bomb of privacy' or easy entry? MLB's face recognition gates delight and daunt
- NYC’s AI chatbot was caught telling businesses to break the law. The city isn’t taking it down
- Arsenal goes back on top of Premier League and Man City routs Aston Villa to stay close
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Why does the Facebook app look different? Meta rolling out new, fullscreen video player
- Two brothers plead guilty to insider trading charges related to taking Trump Media public
- Proof Brenda Song Is Living the Suite Life on Vacation With Macaulay Culkin
Recommendation
Military service academies see drop in reported sexual assaults after alarming surge
One school district stopped suspending kids for minor misbehavior. Here’s what happened
Prosecutors recommend at least 10 years in prison for parents of Michigan school shooter
Amid violence and hunger, Palestinians in Gaza are determined to mark Ramadan
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Months ahead of the presidential election, Nebraska’s GOP governor wants a winner-take-all system
UConn men's team arrives in Phoenix after flight to Final Four delayed by plane issues
North Carolina State in the women's Final Four: Here's their national championship history