Current:Home > NewsBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -Keystone Wealth Vision
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
View
Date:2025-04-25 11:25:39
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! (371)
Related
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Veteran quarterback Carson Wentz is signing with the Los Angeles Rams, AP source says
- Man killed after pointing gun at Baltimore police, officials say
- NFL power rankings Week 10: Red-hot Ravens rise over Eagles for No. 1 slot
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Senate Republicans seek drastic asylum limits in emergency funding package
- Ex-CIA officer accused of drugging, sexually abusing dozens of women pleads guilty to federal charges
- The Eagles have the NFL's best record. They know they can't afford to ignore their issues.
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Chargers vs. Jets Monday Night Football highlights: LA climbs into AFC wild-card race
Ranking
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Alexander Payne on the inspirations of ‘The Holdovers’ and the movies that shaped him
- Abrupt stoppage of engine caused fatal South Dakota plane crash, preliminary NTSB report says
- WeWork files for bankruptcy years after office-sharing company was valued at $47 billion
- 2025 'Doomsday Clock': This is how close we are to self
- Jewish protester's death in LA area remains under investigation as eyewitness accounts conflict
- Florida House passes measures to support Israel, condemn Hamas
- Prince William hopes to expand his Earthshot Prize into a global environment movement by 2030
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
Saturn's rings will disappear from view briefly in 2025. Here's why.
Chile president calls for referendum on new constitution proposal drafted by conservative councilors
Mississippi woman sentenced to life for murder of her 7-week-old daughter
A South Texas lawmaker’s 15
Wisconsin Senate to vote on amendment blocking church closures during public state of emergencies
New Apple Watch will come with features to detect hypertension, sleep apnea: Report
Barbra Streisand regrets rejecting Brando, reveals Elvis was nearly cast in 'A Star is Born'