President Biden plans to give the IRS tools to crack down on the wealthiest Americans who have evaded paying taxes. Biden also aims to emphasize that his administration will protect Americans earning less than $400,000 a year.
WASHINGTON — President Joe Biden will outline his administration’s goal of raising taxes on the wealthy to strengthen the middle class and boost the economy in remarks Thursday afternoon at the White House.
“He’ll underscore that we’ve reached an inflection point where we have to choose whether or not we’re going to perpetuate an economy where the wealthiest taxpayers and biggest corporations get to play by a set of rules they’ve written for themselves while middle-class families aren’t given a fair shot,” the official said.
“He’ll also argue that we don’t need to reduce the cost of being rich in America; we need to lower the cost of raising a child, of prescription drugs, of taking care of an aging parent, of health care, of high-speed internet and of hearing aids,” the official said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden met with protesters upon California arrival over Afghanistan, vaccinations: 'Biden Go Home'President Biden was met with protesters speaking out against his handling of Afghanistan and mandatory vaccinations when he landed in Sacramento, California, to campaign for Gov. Gavin Newsom.
Read more »
Joe Biden mocked on Twitter for calling Australian PM 'that fella down under'Biden was announcing a trilateral AUKUS security agreement during a virtual press conference.
Read more »
Daily Caller-backed lawsuit, seeking Biden records, makes way to Delaware Supreme CourtOral arguments in the case on Wednesday revolved around the interpretation of the university's long-held exemption from most Freedom of Information Act requests.
Read more »
Joe Biden Is Praising Fox News’ (Off-Air) Vaccine EffortsAs right-wing hosts and guests bemoan mandates on-air, the network’s internal attempt to stop the spread—with 90% of full-time staffers vaccinated and strict COVID testing protocols—is being touted by the White House.
Read more »
I sell luxury 'doomsday bunkers' and business is booming under BidenBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Opinion | Josh Hawley wants Biden out — for the most ridiculous reasons.ZeeshanAleem: Sen. Hawley is throwing a tantrum — of course — over something he actually advocated for.
Read more »