Current:Home > ContactBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -Secure Growth Solutions
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
View
Date:2025-04-13 05:31:01
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! (5757)
Related
- Your Wedding Guests Will Thank You if You Get Married at These All-Inclusive Resorts
- Nashville district attorney secretly recorded defense lawyers and other office visitors, probe finds
- En busca de soluciones para los parques infantiles donde el calor quema
- Jury awards $2.78 million to nanny over hidden camera in bedroom
- Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
- Another Outer Banks home collapses into North Carolina ocean, the 3rd to fall since Friday
- Woman arrested for burglary after entering stranger’s home, preparing dinner
- Margaret Qualley Reveals Why Husband Jack Antonoff Lied to Her “First Crush” Adam Sandler
- Charges: D'Vontaye Mitchell died after being held down for about 9 minutes
- What’s My Secret to a Juicy, Moist Pout? This $13 Lip Gloss That Has Reviewers (and Me) Obsessed
Ranking
- USA women's basketball live updates at Olympics: Start time vs Nigeria, how to watch
- Travis Kelce’s Grotesquerie Costars Weigh In on His Major Acting Debut
- UNLV’s starting QB says he will no longer play over ‘representations’ that ‘were not upheld’
- Aging and ailing, ‘Message Tree’ at Woodstock concert site is reluctantly cut down
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Cal State campuses brace for ‘severe consequences’ as budget gap looms
- Wisconsin mayor carts away absentee ballot drop box, says he did nothing wrong
- Spotted: Katie Holmes With a $35 Tote & Rocking the Barn Jacket Trend (Plus Affordable Picks Under $100)
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Takeaways from an AP and Texas Tribune report on 24 hours along the US-Mexico border
Former Detroit-area mayor pleads guilty in scheme to cash in on land deal
Hurricanes keep pummeling one part of Florida. Residents are exhausted.
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
DWTS’ Brooks Nader and Gleb Savchenko Detail “Chemistry” After Addressing Romance Rumors
Father of teenage suspect in North Carolina mass shooting pleads guilty to gun storage crime
Top Muslim-voter organization endorses Harris as Middle East conflict escalates