Current:Home > ScamsBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -Prime Capital Blueprint
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
Fastexy View
Date:2025-04-07 11:50:32
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! (99)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- World Meteorological Organization retiring Fiona and Ian as hurricane names after deadly storms
- Pope Francis to be hospitalized for several days with respiratory infection, Vatican says
- States Fight Over How Our Data Is Tracked And Sold Online, As Congress Stalls
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Russian sought for extradition by U.S. over alleged tech sales to arms company back home after escape from Italy
- Vanderpump Rules' Lala Kent Says She'd Never Trust Raquel Leviss Around Her Man in New Teaser
- The Eye of the Tiger Is on Zendaya With Bold Paris Fashion Week Look
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Kim Kardashian’s SKIMS Perfects Activewear With Squat-Proof Performance Collection
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Transcript: Sen. Chris Murphy on Face the Nation, April 2, 2023
- Designer Christian Siriano Has A Few Dresses Ruined in Burst Pipe Incident Days Before Oscars
- Pope Francis improving, to be discharged from hospital on Saturday, Vatican says
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Kate Spade 24-Hour Flash Deal: Get This $280 Crossbody Bag for Just $59
- California Approves A Pilot Program For Driverless Rides
- Yellowjackets Season 2 Trailer Promises Something Violent and Misunderstood Coming This Way
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Jason Sudeikis and Ted Lasso Cast Tease What's Next for AFC Richmond After Season 3
Yellowjackets Season 2 Trailer Promises Something Violent and Misunderstood Coming This Way
4 people found dead near the beach in Cancun's hotel area
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Designer Christian Siriano Has A Few Dresses Ruined in Burst Pipe Incident Days Before Oscars
Why Marketing Exec Bozoma Saint John Wants You to Be More Selfish in Every Aspect Of Your Life
The Senate Passes A Bill To Encourage Tech Competition, Especially With China