Biden: GOP plan will raise taxes on more than 6 million small business owners

United States News News

Biden: GOP plan will raise taxes on more than 6 million small business owners
United States Latest News,United States Headlines
  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 94%

President Joe Biden heartily attacked Florida Republican SenRickScott's tax plan, claiming that the proposal would raise taxes on more than 6 million small business owners.

Biden's comments came at the top of a Thursday meeting at the White House with several small business owners who had received aid to float and start businesses through the American Rescue Plan."Anything and everything is possible in America, and my administration is working tirelessly to open doors for more outstanding entrepreneurs," the president stated."Unfortunately, Republicans have a different approach.

"They oppose making big corporations pay their fair share. They want middle-class families and small business owners to pay for it," he continued."Our administration estimates that the Republican proposal would raise taxes on 6.1 million small business owners, including 82% of small business owners who earn less than $50,000 a year. That's not right."

Biden claimed that Democrats want"to expand access to capital for small businesses, make historic investments in technical assistance programs, and direct hundreds of billions of dollars in government contracts to small businesses in every community." The White House and allies have escalated attacks on Scott's plan as the midterm campaign season kicks into full swing. One senior Democratic National Committee official previously told the Washington Examiner that the party expects its poor approval ratings to jump as voters hear more messaging about how the GOP plan is to"tax poor people."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

dcexaminer /  🏆 6. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DeSantis warns Biden: If you caravan illegal migrants to Florida, we'll reroute them to DelawareDeSantis warns Biden: If you caravan illegal migrants to Florida, we'll reroute them to DelawareFlorida Gov. Ron DeSantis joined 'The Ingraham Angle Town Hall' in Orlando, Florida, on Thursday to break down Florida's efforts to crack down on illegal immigration.
Read more »

President Biden asks for $33 billion in additional Ukraine funds from CongressPresident Biden asks for $33 billion in additional Ukraine funds from CongressWATCH LIVE: The president is set to speak on additional financial aid from Congress to support Ukraine's war against Russia
Read more »

President Biden to speak at Naval Academy graduationPresident Biden to speak at Naval Academy graduationPresident Joe Biden is scheduled to speak at the U.S. Naval Academy's graduation and commissioning ceremony next month, the academy announced Thursday. The ceremony for the Class of 2022 is scheduled for May 27 at the Navy-Marine Corps Memorial Stadium in Annapolis, Maryland. More than 1,000 students will graduate.
Read more »

Coons Praises U.S. Ukraine Efforts -- 'President Biden Has Done an Outstanding Job of Leading Through This'Coons Praises U.S. Ukraine Efforts -- 'President Biden Has Done an Outstanding Job of Leading Through This'Thursday on MSNBC's 'Morning Joe,' Sen. Chris Coons (D-DE) touted President Joe Biden's efforts to support Ukraine in its ongoing war with Russia. | Clips
Read more »

Biden to meet virtually with Mexican presidentBiden to meet virtually with Mexican presidentThe meeting comes as immigration at the border has become a major issue for the Biden administration — and a point of attack for the GOP ahead of the midterms.
Read more »



Render Time: 2025-03-10 22:49:25