Current:Home > reviewsBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -TradeWisdom
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
View
Date:2025-04-17 04:01:23
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! (27268)
Related
- Global Warming Set the Stage for Los Angeles Fires
- ‘Threat Map’ Aims to Highlight the Worst of Oil and Gas Air Pollution
- EPA Won’t Investigate Scientist Accused of Underestimating Methane Leaks
- Trump’s Science Adviser Pick: Extreme Weather Expert With Climate Credentials
- DoorDash steps up driver ID checks after traffic safety complaints
- Experts are concerned Thanksgiving gatherings could accelerate a 'tripledemic'
- Thousands of Jobs Riding on Extension of Clean Energy Cash Grant Program
- Amy Robach and T.J. Holmes' GMA3 Replacements Revealed
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Beyoncé's Renaissance Tour Style Deserves 10s, 10s, 10s Across the Board
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- EPA Won’t Investigate Scientist Accused of Underestimating Methane Leaks
- EPA’s Fracking Finding Misled on Threat to Drinking Water, Scientists Conclude
- Vanderpump Rules' Ariana Shared Heartbreaking Sex Confession With Raquel Amid Tom Affair
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Mike Batayeh, Breaking Bad actor and comedian, dies at age 52
- Children's Author Kouri Richins Accused of Murdering Husband After Writing Book on Grief
- The strange but true story of how a Kenyan youth became a world-class snow carver
Recommendation
Meta donates $1 million to Trump’s inauguration fund
Matthew McConaughey's Son Livingston Looks All Grown Up Meeting NBA Star Draymond Green
Matthew McConaughey's Son Livingston Looks All Grown Up Meeting NBA Star Draymond Green
‘Threat Map’ Aims to Highlight the Worst of Oil and Gas Air Pollution
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Too Hot to Handle's Francesca Farago Shares Plans to Freeze Eggs After Jesse Sullivan Engagement
Is lecanemab the Alzheimer's drug that will finally make a difference?
Dear Life Kit: How do I get out of my pandemic rut? Michelle Obama weighs in