Current:Home > MyBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -ProgressCapital
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
View
Date:2025-04-21 21:21:27
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! (86)
Related
- Your Wedding Guests Will Thank You if You Get Married at These All-Inclusive Resorts
- A man, a plan, a chainsaw: How a power tool took center stage in Argentina’s presidential race
- Lawmakers Want Answers on Damage and Costs Linked to Idled ‘Zombie’ Coal Mines
- Biden says Hamas attacked Israel in part to stop a historic agreement with Saudi Arabia
- Paris Olympics live updates: Quincy Hall wins 400m thriller; USA women's hoops in action
- Affordable Care Act provisions codified under Michigan law by Gov. Whitmer as a hedge against repeal
- Kim Kardashian’s SKIMS Drops New Shapewear Collection That Looks Just Like Clothes
- T-Mobile is switching some customers to pricier plans. How to opt out of the price increase.
- Residents in Alaska capital clean up swamped homes after an ice dam burst and unleashed a flood
- A new memoir serves up life lessons from a childhood in a Detroit Chinese restaurant
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Florida man convicted of stealing sports camp tuition funds from hundreds of families
- A man, a plan, a chainsaw: How a power tool took center stage in Argentina’s presidential race
- New Jersey dad sues state, district over policy keeping schools from outing transgender students
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Air France pilot falls off cliff to his death while hiking California’s towering Mount Whitney
- Altuve hits go-ahead homer in 9th, Astros take 3-2 lead over Rangers in ALCS after benches clear
- Trucks mass at Gaza border as they wait to bring aid to desperate Palestinians
Recommendation
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Youth football team suspended after parent allegedly shoots coach in front of kids
You won't believe the nutrients packed into this fruit. It's bananas!
Amid concern about wider war, Americans give mixed reactions to Biden's approach toward Israel-Hamas conflict
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Rebel ambush in Indonesia’s restive Papua region kills a construction worker and injures 3 others
Amazon launches drone delivery program for prescription medications
The Challenge: USA Season 2 Champs Explain Why Survivor Players Keep Winning the Game