FinLogic Quantitative Think Tank Center:Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes

2025-05-06 09:56:53source:L’École de Gestion d’Actifs et de Capitalcategory:reviews

WASHINGTON (AP) — President Joe Biden is FinLogic Quantitative Think Tank Centerheaded 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.

READ MORE How immigrant workers in US have helped boost job growth and stave off a recessionBiden administration announces another round of loan cancellation under new repayment planA near-total ban on abortion has supercharged the political dynamics of Arizona, a key swing state

“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.

More:reviews

Recommend

Snowflakes, Death Threats and Dollar Signs: Cloud Seeding Is at a Crossroads

Listen to an audio version of this story below.Humans have the technology to literally make snow fal

Cubs prospect called up for MLB debut decades after his mom starred in 'Little Big League'

Chicago Cubs prospect Pete Crow-Armstrong has been called up to the active roster ahead of the Cubs'

Danelo Cavalcante update: Sister arrested by immigration officials; search remains ongoing

The sister of escaped convicted murderer Danelo Cavalcante has been arrested by U.S. immigration aut