Current:Home > InvestBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -前500条预览:
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
View
Date:2025-04-17 03:40:26
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! (3)
Related
- Highlights from Trump’s interview with Time magazine
- Jude Law Weighs In on Potential The Holiday Sequel
- Gunfire altered her life in an instant. How one woman found new purpose after paralysis.
- Hulk Hogan launches 'Real American Beer' lager brand in 4 states with 13 more planned
- The Best Stocking Stuffers Under $25
- Beyoncé's twins turn 7: A look back at the pregnancy announcement for Rumi and Sir Carter
- Kendra Wilkinson Shares Rare Family Photo With Kids Hank and Alijah
- The Brat Pack but no Breakfast Club? Why Andrew McCarthy documentary is missing members
- Skins Game to make return to Thanksgiving week with a modern look
- These Gap Styles Look Much More Expensive Than They Are and They're All Discounted Right Now
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- The number of Americans filing for jobless benefits jumps to the highest level in 10 months
- 16 Handles Frozen Yogurt Founder Solomon Choi Dead at 44
- 9/11 first responders with severe debris exposure have higher risk of dementia, study finds
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Lionel Messi says Inter Miami will be his last team, talks retirement
- Newly deciphered manuscript is oldest written record of Jesus Christ's childhood, experts say
- Large number of whale sightings off New England, including dozens of endangered sei whales
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
Simon Cowell says 'only regret' about One Direction is not owning their name
ACLU and migrant rights groups sue over Biden's asylum crackdown
Band of storms bring 'life-threatening flooding' to South Florida, snarls I-95
Skins Game to make return to Thanksgiving week with a modern look
TikToker Tianna Robillard and NFL Player Cody Ford Break Up Nearly 2 Months After Engagement
A jet vanished over Lake Champlain 53 years ago. The wreckage was just found.
Ariana Grande Says She’s “Reprocessing” Her Experiences as a Child Actress