Current:Home > InvestBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -ProfitPioneers Hub
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
View
Date:2025-04-15 23:22:40
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! (9399)
Related
- A South Texas lawmaker’s 15
- After a mission of firsts, SpaceX Polaris Dawn crew returns safely to Earth
- Don't listen to Trump's lies. Haitian chef explains country's rich culinary tradition.
- 32 things we learned in NFL Week 2: Saints among biggest early-season surprises
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Firefighters make progress in battling Southern California wildfires amid cooler weather
- 32 things we learned in NFL Week 2: Saints among biggest early-season surprises
- America’s Got Talent Alum Emily Gold Dead at 17
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Jennifer Garner Pays Tribute to Ballerina Michaela DePrince After Her Death
Ranking
- New data highlights 'achievement gap' for students in the US
- Tell Me Lies’ Grace Van Patten Shares Rare Insight Into Romance With Costar Jackson White
- Fantasy football buy low, sell high: 10 trade targets for Week 3
- Martin Sheen, more 'West Wing' stars reunite on Oval Office set at Emmys
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Firefighters make progress in battling Southern California wildfires amid cooler weather
- Giants' Heliot Ramos becomes first right-handed batter to hit homer into McCovey Cove
- 2024 Emmys: RuPaul’s Drag Race Stars Shut Down Claim They Walked Out During Traitors Win
Recommendation
A South Texas lawmaker’s 15
Georgia keeps No. 1 spot ahead of Texas in NCAA Re-Rank 1-134 as Florida State tumbles
Everything to Know About the 2024 Emmys' Biggest Winner Shogun
A pipeline has exploded and is on fire in a Houston suburb, forcing evacuations
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Child trapped between boulders for 9 hours rescued by firefighters in New Hampshire
Giving away a fortune: What could Warren Buffett’s adult children support?
32 things we learned in NFL Week 2: Saints among biggest early-season surprises