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Scranton, Pennsylvania
CNN
—
President Joe Biden is trying to make sharp economic arguments against former President Donald Trump during a three-day campaign in Pennsylvania, but campaign officials say the election is less likely to be seen in his “table” in Scranton. and Trump’s Mar-a-Lago initiative.”
The trip, which begins Tuesday in Biden’s hometown of Scranton, will also feature a strict split screen as the president is on the campaign trail while Trump spends much of the week in a New York City courtroom for his criminal trial. That will happen.
“No matter where Donald Trump is, whether it’s at Mar-a-Lago, in court, or anywhere else, he focuses on himself, his toxic agenda, and his campaign of revenge and retaliation. It will be a continuation of the contrast that the American people have seen since the beginning of this campaign,” said Michael Tyler, Biden’s communications director.
Mr. Biden’s promotion in Pennsylvania is also aimed at completely changing the opinion of voters who continue to hold harsh opinions about the president’s handling of the economy. Recent opinion polls have shown that Biden and Trump are in a close race with less than seven months until Election Day.
Biden’s speech on Tuesday is expected to focus on economic populism as he seeks to portray President Trump as out of touch with the concerns of the American people. Tyler weighs in on the candidates’ differing plans for tax policy, as the president outlines how “Trump’s tax plan is a handout to the rich and leaves the middle class burdened.” He said he would focus on
The president is expected to take aim at Trump’s promise to extend deep tax cuts approved by Congressional Republicans in 2017. Although the measure resulted in tax cuts for most Americans, the wealthy benefited far more than the rest of the population. Biden, meanwhile, has called for higher taxes on the wealthy to fund social issues and other priorities while shielding those making less than $400,000 a year from higher taxes.
In 2020, Biden used his hometown to frame the election as a “Scranton vs. Park Avenue” choice for voters. Ahead of the president’s trip this week, campaign officials sought to cast the election as a debate between Scranton and Trump’s Mar-a-Lago country club.
“There’s candidate Joe Biden, who sees the world from the kitchen table he grew up in Scranton, Pennsylvania, and there’s candidate Donald Trump, who sees the world from the country club in Mar-a-Lago.” “Nowhere is the contrast in worldviews more evident than in who you believe should pay taxes and who you believe should pay more taxes,” Tyler said.
The president also plans to continue his economic message with a visit to Pittsburgh on Wednesday to speak at United Steelworkers headquarters and a campaign event in Philadelphia on Thursday.
Biden’s tax plan includes various tax increases on the wealthy and large corporations, which he plans to shore up Medicare, create two new tax breaks for home purchases, and temporarily strengthen the child tax credit. We would like to use the facility for extended periods, to reduce childcare costs, and for permanent use. Extends enhanced Affordable Care Act subsidies, among other initiatives.
His latest budget, outlining the policies he campaigned on, calls for a 25% minimum tax on all income of the richest 0.01% of Americans, including appreciated assets that are not currently taxed. ing. People with a net worth of $100 million or more will be hit hard.
Biden also would tax capital gains at the same rate as earned income for earners over $1 million, and increase the net investment income tax rate on earned and unearned income over $400,000 from 3.8% to 5%. I am proposing that.
The president wants to raise the corporate tax rate to 28% from 21% set in the 2017 Republican tax cut, and raise the minimum corporate tax rate on multibillion-dollar companies from 15% to 21%. He also plans to reduce incentives for multinational companies to book profits in low-tax countries and raise the tax rate on overseas earnings from 10.5% to 21%. It would also quadruple taxes on companies that buy back their own stock instead of investing in workers or cutting prices.
President Trump on Monday sought to pre-empt Biden’s speech with social media posts touting his 2017 tax cuts and criticizing Biden’s plans to increase taxes on the wealthy and corporations.
“If Joe Biden has his way, we’ll soon be facing the biggest tax hikes anyone has ever seen,” Trump said in a video on Truth Social. Ta.
The former president told supporters, including wealthy donors, that extending the 2017 tax cuts would be one of his main goals in his second term. The law lowers income tax rates for individuals and corporations, changes international tax regulations, eliminates the personal deduction, increases the basic deduction and child tax credit, limits or limits certain itemized deductions, doubles the estate tax exemption, and more. We have established regulations.
Most Americans benefited from the tax law, but the wealthy benefited the most.
Almost all personal income tax and inheritance tax provisions will expire at the end of 2025, but most of the corporate measures are permanent. The next president and Congress will need to address provisions that expire next year.
Ahead of his visit, Biden used Tax Day to release his 2023 tax returns, drawing further contrast from his predecessor. President Trump has refused to voluntarily release his tax returns as president.
“President Biden believes that all occupants of the Oval Office should be open and honest with the American people,” the White House said in a statement on Monday. The long-standing tradition of doing so should continue uninterrupted.”
The president’s events this week come as his campaign continues to build infrastructure in Pennsylvania, but recent polls show a clear race between Biden and Trump. It is shown that there is no leader.
Dan Kaninen, the Biden campaign’s battleground state manager, told reporters during a conference call Monday that the Biden campaign is investing heavily in the commonwealth, with a particular focus on increasing voter turnout in Philadelphia. Told. The Biden campaign opened 14 new offices in Pennsylvania in March to train volunteers and hire campaign staff.
“Obviously our focus right now is Pennsylvania, where the president is spending the week campaigning, and this is a textbook example of how we conduct voting.” Kanninen said.
Campaign manager Julie Chavez Rodriguez also released a campaign strategy memo ahead of the trip, traveling to Allegheny County, home to Pittsburgh, and York and Lancaster counties in the central part of the state, two of Trump’s strongholds. pointed to adjustments to the campaign’s initial investment. Winning in 2020, the team sees “an opportunity for growth for the Democratic Party, as evidenced by its accomplishments at the local level.”
Chavez-Rodriguez argued that Biden’s support for labor unions, abortion rights and protecting democracy will influence Pennsylvania voters in November.
“With all of these issues still salient to voters, Trump and the MAGA Republican Party are only going to get more extreme, continuing to alienate the voters who will decide Pennsylvania’s elections, and there is no sign that they will be able to win them back.” ” she wrote.
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