Biden Bashes Trump as a Pawn of Billionaires as He Lays Out His Tax Plan – The New York Times
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Speaking in Scranton, Pa., his hometown, the president used a speech about economic fairness as a new avenue of attack against his Republican rival, who was in a courtroom two hours away.
transcript
We’re not asking anything as unusual. Under my plan, nobody earning less than $400,000 will pay an additional penny. I hope you’re all able to make $400,000. I never did. You know, I have to say, if Trump’s stock in Truth Social — his company — drops any lower, he might do better under my tax plan than his. [laughter] No billionaire should pay a lower tax rate than a teacher, a nurse, a sanitation worker. Folks, where we come from matters. When I look at the economy, I don’t see it through the eyes of Mar-a-Lago. I see it through the eyes of Scranton. And that’s not hyperbole, that’s a fact. Donald Trump looks at the world differently than you and me. He wakes up in the morning in Mar-a-Lago thinking about himself. How he can help his billionaire friends gain power and control, and force their extreme agenda on the rest of us.
Reporting from Scranton, Pa.
President Biden delivered a flurry of attacks on former President Donald J. Trump during a Tuesday speech in Pennsylvania about taxes and economic policy, painting his Republican rival as a puppet of plutocrats who had ignored the working class.
Visiting his hometown, Scranton, in a top battleground state that he has visited more often than any other, Mr. Biden laid out his vision for a fairer tax code, including raising rates on the wealthy and corporations and using the money to expand the economy and help working families.
But in a speech that signaled the Biden campaign’s intention to make the 2024 election a referendum on his polarizing Republican opponent, the president returned again and again to Mr. Trump. His jabs at his predecessor took aim at the former president’s wealthy upbringing, his friendships with billionaires and his 2017 tax cuts that disproportionately benefited America’s upper crust.
“Donald Trump looks at the world differently than you and me,” Mr. Biden told a crowd of more than a hundred supporters at a cultural center in Scranton. “He wakes up in the morning at Mar-a-Lago thinking about himself. How he can help his billionaire friends gain power and control, and force their extreme agenda on the rest of us.”
Aiming for a clear contrast, Mr. Biden laid out his proposals: Expanding the child tax credit. Providing a $10,000 tax credit for first-time home buyers. Raising the minimum tax rate for billionaires and corporations.
“We know the best way to build an economy is from the middle out and the bottom up, not the top down,” Mr. Biden said. “Because when you do that, the poor have a ladder up and the middle class does well and the wealthy still do very well. We all do well.”
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