President Biden will travel to Scranton, Pennsylvania, on Tuesday to criticize former President Trump over his tax policies as he kicks off his campaign in Pennsylvania.
Biden will begin the three-day debriefing in his hometown of Scranton to outline what he argues will be Trump’s three-point tax plan should he win another term in the White House.
He will argue that the first point is that Trump wants to reduce billionaires’ tax bills by repealing the Affordable Care Act, which he says would provide a tax break for the wealthiest Americans. In November, Trump said he was “seriously looking at alternatives” to replace ObamaCare, and Biden used ObamaCare’s anniversary last month to hammer Trump’s record on health care.
The president will argue that the second point is that Trump wants to give big corporations a huge tax handout by reducing the corporate tax rate and extending his 2017 tax cuts. Biden’s tax plan is to raise the corporate tax rate societies to 28% from the level set by Trump’s tax cuts, which put it at 21%.
Biden’s plan also includes ensuring that multimillion-dollar companies pay at least 21% of their income in taxes and imposes a 21% tax on multinational companies. Meanwhile, Trump’s tax cuts are at stake in the 2024 elections, with Democrats opposing a blanket extension of the law but Republicans hoping to extend it if they win Congress and the White House.
The president will argue that the third point is that Trump wants to help wealthy fraudsters avoid paying what they owe by revoking the $80 billion in funding for the IRS included in the Democrats’ Inflation Reduction Act.
A bipartisan funding deal agreed to in January included $10 billion in cuts to the IRS during fiscal year 2024 and $20 billion in across-the-board reductions for increased IRS funding stemming from the law. Republicans took aim at funding, promising to maintain the reductions if they flip the Senate and take the White House in 2024.
Biden will say his tax plan includes a promise to stop anyone earning less than $400,000 from paying more in federal taxes, require wealthy Americans to pay their fair share of taxes and close loopholes that allow for tax breaks.
In a memo released Tuesday, campaign manager Julie Chavez Rodriguez said Biden’s speech in Scranton will “anchor” the three-day swing, noting that growing up there “forged his worldview.”
“The speech will make clear a simple question that we believe will resonate strongly with the voters who will determine this election: Do you think the tax code should work for the rich or the middle class? The president has made it clear what the answer is, and so has Donald Trump,” she said.
Biden will spend time in Lackawanna, Allegheny and Philadelphia counties while in the critical battleground state of Pennsylvania. Biden won Pennsylvania in 2020 with 50% of the vote, reversing the position after Trump won in 2016.
Rodriguez argued that the issues Pennsylvanians align with Biden on are job creation and union membership, protecting democracy and protecting access to abortion. She noted that Democrats won the Pennsylvania Senate and gubernatorial race in 2018, Biden won Pennsylvania in 2020, and Democrats won the Pennsylvania Senate and gubernatorial race in 2022.
She also highlighted the progress made last month on campaign infrastructure.
She said Pennsylvania Democrats opened 14 offices in a single week, hired 1,700 volunteers and launched key coalitions across the state. These coalitions – Out for Biden-Harris, Latinos con Biden-Harris and Women for Biden-Harris – were launched nationally last month.
A Franklin & Marshall College Research earlier this week, Biden led Trump by 10 points in the state.
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