Current:Home > StocksBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -CapitalWay
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
View
Date:2025-04-14 13:42:25
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! (395)
Related
- Travis Hunter, the 2
- Wisconsin judge refuses GOP request to pause absentee voting ruling sought by disabled people
- Brazilian Swimmer Ana Carolina Vieira Breaks Silence on Olympic Dismissal
- Olympic boxer at center of gender eligibility controversy wins bizarre first bout
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- What Ted Lasso Can Teach Us About Climate Politics
- Patrick Dempsey Comments on Wife Jillian's Sexiness on 25th Anniversary
- There are so few doctors in Maui County that even medical workers struggle to get care
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- 50 Cent addresses Diddy allegations and why he never partied with the rapper
Ranking
- The Daily Money: Spending more on holiday travel?
- 1 killed and 3 wounded in shooting in Denver suburb of Aurora on Thursday, police say
- Marketing firm fined $40,000 for 2022 GOP mailers in New Hampshire
- No. 1 Iga Swiatek falls to Qinwen Zheng at the Olympics. Queen has shot at gold
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Who’s part of the massive prisoner swap between Russia and the West?
- 2024 Olympics: Simone Biles Wins Gold During Gymnastics All-Around Final
- Georgia coach Kirby Smart announces dismissal of wide receiver Rara Thomas following arrest
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Illinois sheriff whose deputy shot Sonya Massey says it will take rest of his career to regain trust
Powerball winning numbers for July 31 drawing: Jackpot at $171 million
Cardi B Reveals She's Pregnant With Baby No. 3 Amid Divorce From Offset
DoorDash steps up driver ID checks after traffic safety complaints
Sea lions are stranding themselves on California’s coast with signs of poisoning by harmful algae
Chris Evans Reveals If His Dog Dodger Played a Role in His Wedding to Alba Baptista
Jailer agrees to plead guilty in case of inmate who froze to death at jail