Current:Home > MarketsBiden heads to his hometown of Scranton, Pennsylvania, to talk about taxes -TradeGrid
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
SafeX Pro View
Date:2025-04-08 06:58:04
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! (88679)
Related
- Nevada attorney general revives 2020 fake electors case
- Pregnant Cardi B Puts Baby Bump on Display in New York After Filing for Divorce From Offset
- 14-month-old boy rescued after falling down narrow pipe in the yard of his Kansas home
- Ballerina Farm Influencer Hannah Neeleman Slams “Attack on Her Family Lifestyle
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Team USA rowers earn first gold medal in men's four since 1960 Olympics
- Jimmer Fredette dealing with leg injury at Paris Olympics, misses game vs. Lithuania
- No. 1 Iga Swiatek falls to Qinwen Zheng at the Olympics. Queen has shot at gold
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- US rowers Michelle Sechser, Molly Reckford get one more chance at Olympic glory
Ranking
- Grammy nominee Teddy Swims on love, growth and embracing change
- After Olympics, Turkey’s Erdogan seeks unity with Pope Francis against acts that mock sacred values
- Team USA rowers earn first gold medal in men's four since 1960 Olympics
- Miles Partain, Andy Benesh advance in Paris Olympics beach volleyball after coaching change
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- 2024 Olympics: Suni Lee Wins Bronze During Gymnastics All-Around Final
- Texas youth lockups are beset by abuse and mistreatment of children, Justice Department report says
- North Carolina House member back in leading committee position 3 years after removal
Recommendation
North Carolina justices rule for restaurants in COVID
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Green Initiatives
Belgium pushed US women's basketball in every way possible. Why that's a good thing
Stephen Nedoroscik’s Girlfriend Tess McCracken Has Seen Your Memes—And She Has a Favorite
A White House order claims to end 'censorship.' What does that mean?
CrowdStrike sued by shareholders over huge software outage
Gabby Thomas was a late bloomer. Now, she's favored to win gold in 200m sprint at Olympics
Wildfires encroach on homes near Denver as heat hinders fight