Current:Home > ScamsBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -Ascend Finance Compass
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
View
Date:2025-04-16 23:08:35
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! (56)
Related
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Amazon launches an online discount storefront to better compete with Shein and Temu
- Mandy Moore Captures the Holiday Vibe With These No Brainer Gifts & Stocking Stuffer Must-Haves
- Republican Rep. Juan Ciscomani wins reelection to Arizona US House seat
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Whoopi Goldberg Shares Very Relatable Reason She's Remained on The View
- A $1 billion proposal is the latest plan to refurbish and save the iconic Houston Astrodome
- Alexandra Daddario Shares Candid Photo of Her Postpartum Body 6 Days After Giving Birth
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Massachusetts lawmakers to consider a soccer stadium for the New England Revolution
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Special counsel Smith asks court to pause appeal seeking to revive Trump’s classified documents case
- US overdose deaths are down, giving experts hope for an enduring decline
- Prominent conservative lawyer Ted Olson, who argued Bush recount and same-sex marriage cases, dies
- Sonya Massey's father decries possible release of former deputy charged with her death
- Detroit-area police win appeal over liability in death of woman in custody
- Stop smartphone distractions by creating a focus mode: Video tutorial
- ‘COP Fatigue’: Experts Warn That Size and Spectacle of Global Climate Summit Is Hindering Progress
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Massive dust storm reduces visibility, causes vehicle pileup on central California highway
Avril Lavigne’s Ex Mod Sun Is Dating Love Is Blind Star Brittany Wisniewski, Debuts Romance With a Kiss
Kentucky woman seeking abortion files lawsuit over state bans
Woman dies after Singapore family of 3 gets into accident in Taiwan
Insurance magnate pleads guilty as government describes $2B scheme
Ryan Reynolds Makes Dream Come True for 9-Year-Old Fan Battling Cancer
2025 NFL mock draft: QBs Shedeur Sanders, Cam Ward crack top five