President Biden opened a three-day campaigning swing through Pennsylvania by calling for higher taxes on the rich and corporations.
President Joe Biden speaks at a campaign event, Tuesday, April 16, 2024, in Scranton, Pa. Biden has begun three straight days of campaigning in Pennsylvania in his childhood hometown of Scranton. The Democratic president is using the working class city …
Speaking before an enthusiastic crowd, Mr. Biden cast Mr. Trump as an out-of-touch wealthy elitist from Manhattan who grew up wealthy and could not understand the economic concerns of people living in Scranton. He also said Mr. Trump will give large corporations a massive tax break by extending his 2017 tax cuts that reduced the corporate tax rate to 21%. Mr. Biden wants to hike the corporate tax rate to 28%.
The Trump tax cuts are scheduled to expire next year and Democrats have pushed back against a blanket extension. Republicans hope to extend the cuts Mr. Trump takes back the White House.
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