President Joe Biden vows not to raise tax rates for Americans making less than US$400,000 a year.
“I want to make it clear. I’m gonna raise some taxes,” the Democratic president added, before suggesting that “billionaires” would be called upon to pay more. He has challenged Republicans to release their own proposals and to negotiate over those plans rather than over whether the country should raise the debt ceiling and pay its existing bills, citing possible damage to the economy from an unprecedented US default.
Virginia governor Glenn Youngkin, a Republican, was invited to greet Biden on the tarmac outside Air Force One prior to the event and declined, according to a person familiar with the matter.
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