Current:Home > StocksBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -ProfitQuest Academy
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
View
Date:2025-04-21 20:50:53
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! (9196)
Related
- Tom Holland's New Venture Revealed
- Death of Connecticut man found in river may be related to flooding that killed 2 others, police say
- Illinois Supreme Court upholds unconstitutionality of Democrats’ law banning slating of candidates
- Macklemore Fan Arrested for Outstanding Warrant After She Was Invited Onstage
- Rylee Arnold Shares a Long
- Ella Emhoff's DNC dress was designed in collaboration with a TikToker: 'We Did It Joe!'
- Everything Elle King Has Said About Dad Rob Schneider
- How smart are spiders? They zombify their firefly prey: 'Bloody amazing'
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- It Ends With Us' Justin Baldoni Addresses Famous Line Cut From Film
Ranking
- 'Most Whopper
- Blake Lively Reveals She Baked “Amazing” Boob Cake for Son Olin’s First Birthday
- Zayn Malik Shows Off Full Beard and Hair Transformation in New Video
- ESPN College Gameday: Pat McAfee pounds beers as crew starts season in Ireland
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Simone Biles Shows Off New Six-Figure Purchase: See the Upgrade
- Texas, other GOP-led states sue over program to give immigrant spouses of US citizens legal status
- TikTok Organization Pro Emilie Kiser’s Top Tips & Must-Have Products for a Clean, Organized Life
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
Anesthesiologist with ‘chloroform fetish’ admits to drugging, sexually abusing family’s nanny
Kansas City Chiefs make Creed Humphrey highest-paid center in NFL
Judge Mathis' wife Linda files for divorce from reality TV judge after 39 years together
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
NASA astronauts who will spend extra months at the space station are veteran Navy pilots
Georgia lawmakers say the top solution to jail problems is for officials to work together
Rapper Enchanting's Cause of Death Revealed