Current:Home > reviewsBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -TradeCircle
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
View
Date:2025-04-16 11:14:49
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! (89)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- You’ll Scream and Shout Over Britney Spears and will.i.am’s New Song Calling Out Paparazzi
- Bachelor Nation's Matt James and Rachael Kirkconnell React to Speculation Over Their Relationship Status
- Sheryl Crow Slams Jason Aldean for Promoting Violence With New Song
- Sonya Massey's father decries possible release of former deputy charged with her death
- Dispute over threat of extinction posed by AI looms over surging industry
- Music Legend Tony Bennett Dead at 96
- This Sweat-Wicking Top Will Keep You Cool and Comfortable on the Hottest Days
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Music Legend Tony Bennett Dead at 96
Ranking
- Arkansas State Police probe death of woman found after officer
- Yung Gravy Shoots His Shot With Sofía Vergara Amid Joe Manganiello Breakup
- Weather off the coast of Acapulco hinders efforts to find missing Baltimore man
- Collin Gosselin Accuses Mom Kate Gosselin of Creating “Barrier” Between Him and Siblings
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Allow Harry Styles to Take You to the Circus in Must-See Daylight Music Video
- Why Dressing Margot Robbie in Barbie Was the Biggest Challenge for the Costume Designer
- Ariana Grande Shared How Wicked Filming Healed Her Ahead of Ethan Slater Romance
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
In the Everglades, a Clash Portrayed as ‘Science vs. Politics’ Pits a Leading Scientist Against His Former Employer
In the Pacific, Some Coral Survived the Last El Nino, Thanks to Ocean Currents
These Clueless Secrets Will Make You Want to Revisit the Movie More Than Just Sporadically
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Megan Fox Bares Her Butt and Nipples in Steamy Photo Shoot
Why Barbie Makeup Artist Ivana Primorac Didn't Want Margot Robbie to Look Plastic
Hannah Gosselin Shares New Photos From Texas Amid Jon & Kate Family Feud