Biden to call in State of the Union for business tax hikes, middle class tax cuts and lower deficits
9 months, 2 weeks ago

Biden to call in State of the Union for business tax hikes, middle class tax cuts and lower deficits

Associated Press  

WASHINGTON — President Joe Biden is going into Thursday’s State of the Union address with an expanded plan to raise corporate taxes and use the proceeds to trim budget deficits and cut taxes for the middle class. State of the Union 2024 President Joe Biden delivered his 2024 State of the Union address, hammering Republican lawmakers on immigration, tax policy and gun control. In a preview of Biden’s remarks, aides including Lael Brainard, director of the White House National Economic Council, said the president would contrast his proposals with Republican plans to extend former President Donald Trump’s expiring tax breaks and further slash corporate tax rates. He is Aides said Biden’s forthcoming budget plan would trim the national debt by $3 trillion over 10 years, similar to what he pitched in last year’s budget proposal, which was not approved by Congress.

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History of this topic

What we know about Kamala Harris’s tax plans
3 months, 3 weeks ago

What we know about Kamala Harris’s tax plans

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. In her keynote address at the Democratic National …

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
8 months, 1 week ago

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern

Associated Press  

Follow live: Updates from AP’s coverage of the presidential election. WASHINGTON — Tax Day reveals a major split in how Joe Biden and Donald Trump would govern: The presidential candidates have conflicting ideas about how much to reveal about their own finances and the best ways to boost the economy through tax policy. Raise your hand,” Biden said Tuesday at …

Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes
8 months, 1 week ago

Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes

Associated Press  

WASHINGTON — President Joe Biden is headed to his hometown of Scranton, Pennsylvania on Tuesday to talk about who he believes should be paying more in taxes and who should be paying less. Biden’s campaign said in an announcement on Friday the upcoming speech on the day after Tax Day in the U.S. would “drive home a simple question: ‘Do …

Biden's fiery & forceful State of the Union speech features Israel, Trump & Laken Riley: Key takeaways
9 months, 2 weeks ago

Biden's fiery & forceful State of the Union speech features Israel, Trump & Laken Riley: Key takeaways

Hindustan Times  

President Joe Biden on Thursday attacked former President Donald Trump's vision for America, criticized Israel and was challenged on immigration in his last State of the Union speech before the two men face off in the November U.S. election. "It's about Laken Riley," shouted Greene during the speech, interrupting Biden as he talked about the border. Biden picked up a …

Transcript of President Joe Biden’s State of the Union address
9 months, 2 weeks ago

Transcript of President Joe Biden’s State of the Union address

Associated Press  

WASHINGTON — Transcript of President Joe Biden’s as-delivered State of the Union address on March 7, 2024, as provided by the White House. Gorbachev, tear down this wall.” Now — now my predecessor, a former Republican president, tells Putin, quote, “Do whatever the hell you want.” AUDIENCE: Booo — THE PRESIDENT: That’s a quote. It doesn’t make new, but in …

Katie Britt calls Biden a ‘diminished leader’ in GOP response to the State of the Union
9 months, 2 weeks ago

Katie Britt calls Biden a ‘diminished leader’ in GOP response to the State of the Union

Associated Press  

WASHINGTON — Sitting at her kitchen table in Alabama, Sen. Katie Britt called President Joe Biden a “dithering and diminished leader” and warned of a bleak American future under his presidency in the Republican rebuttal to his State of the Union address Thursday evening. State of the Union 2024 President Joe Biden delivered his 2024 State of the Union address, …

​Joe Biden to propose massive tax raid on super rich and corporate America in tonight's State of the Union address with sweeping hikes including minimum corporate tax up from 15% to 21% and a 25% rate
9 months, 2 weeks ago

​Joe Biden to propose massive tax raid on super rich and corporate America in tonight's State of the Union address with sweeping hikes including minimum corporate tax up from 15% to 21% and a 25% rate

Daily Mail  

President Joe Biden plans to launch a raid on the super rich, hiking taxes for corporations and billionaires like Elon Musk and Jeff Bezos. He wants to raise the minimum corporate tax for big companies worth over $1 billion to 21 percent, up from the 15 percent he imposed earlier in his presidency. White House officials said Biden would preview …

Can gaffe-prone Biden, 81, avoid flubs, freezes, falls, teleprompter slip-ups and booing Republicans to prove he IS fit for a second term in the most consequential State of the Union of his career...i
9 months, 2 weeks ago

Can gaffe-prone Biden, 81, avoid flubs, freezes, falls, teleprompter slip-ups and booing Republicans to prove he IS fit for a second term in the most consequential State of the Union of his career...i

Daily Mail  

President Joe Biden has spent the past five days preparing for his State of the Union address, trying to cover all the possibilities: tea to keep his throat smooth, a print out of his remarks - with giant type – in case the teleprompter goes out, and hours of practice sessions. President Joe Biden gives his State of the Union …

Biden uses feisty State of the Union to contrast with Trump, sell voters on a second term
9 months, 2 weeks ago

Biden uses feisty State of the Union to contrast with Trump, sell voters on a second term

Associated Press  

WASHINGTON — President Joe Biden delivered a defiant argument for a second term in his State of the Union speech Thursday night, lacing into GOP front-runner Donald Trump for espousing “resentment, revenge and retribution” and for jeopardizing freedom at home and abroad. “Freedom and democracy are under attack both at home and overseas at the very same time,” Biden said …

State of the Union: What to watch as Biden addresses the nation
9 months, 2 weeks ago

State of the Union: What to watch as Biden addresses the nation

Associated Press  

WASHINGTON — The State of the Union speech is one of the biggest pieces of political theater every year. It’s rooted in a simple requirement in the U.S. Constitution that directs the president to “give to the Congress Information of the State of the Union, and recommend to their Consideration such Measures as he shall judge necessary and expedient.” But …

Biden to deliver State of the Union address: All you need to know
9 months, 2 weeks ago

Biden to deliver State of the Union address: All you need to know

Al Jazeera  

US President Joe Biden will lay out his policy priorities in an address to Congress eight months before the presidential election. United States President Joe Biden is to deliver the third State of the Union address of his presidency, an opportunity for him to highlight his successes and chart a path forward. This fulfils a requirement in the US Constitution, …

Yellen visits Midwest to showcase improving consumer sentiment, take aim at Trump tax cuts
10 months, 4 weeks ago

Yellen visits Midwest to showcase improving consumer sentiment, take aim at Trump tax cuts

Hindustan Times  

WASHINGTON — Treasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administration's economic agenda and offer a reminder about the Trump administration tax cuts, which she says added to the deficit and did little to promote investment. Yellen also said Trump’s Tax Cuts and Jobs Act “prioritized tax cuts …

Yellen visits Midwest to showcase improving consumer sentiment, take aim at Trump tax cuts
10 months, 4 weeks ago

Yellen visits Midwest to showcase improving consumer sentiment, take aim at Trump tax cuts

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administration’s economic agenda and offer a reminder about the Trump administration tax cuts, which she says added to the deficit and did little to promote investment. “Though some forecasters thought a recession last year was inevitable, President Biden …

Biden is returning to his union roots as his 2024 campaign gears up
1 year, 6 months ago

Biden is returning to his union roots as his 2024 campaign gears up

Associated Press  

WASHINGTON — Joe Biden opened his 2020 presidential run at a Pittsburgh union hall, declaring, “I’m a union man. “He sees the role that working people and unions play in everything that he’s trying to make happen.” Many of the country’s top unions, including the AFL-CIO, American Federation of Teachers and the American Federation of State, County and Municipal Employees, …

Biden budget aims to cut deficits nearly $3T over 10 years
1 year, 9 months ago

Biden budget aims to cut deficits nearly $3T over 10 years

Associated Press  

WASHINGTON — President Joe Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, the White House said Wednesday. Rohit Kumar, a former McConnell aide who is now an executive with the tax consultancy PwC, said Biden’s plan does matter “in terms of putting ideas out there.” He said that if Biden won a …

What you need to know about President Biden’s new budget
1 year, 9 months ago

What you need to know about President Biden’s new budget

LA Times  

President Biden walks to Marine One on the South Lawn of the White House on Thursday, when he presented his budget in Pennsylvania. The plan includes new tax increases on wealthy Americans and corporations that are designed to offset new spending on social programs and trim the federal deficit by nearly $3 trillion over the next decade. Other congressional Republicans …

Biden sets up for an election fight with his budget proposal
1 year, 9 months ago

Biden sets up for an election fight with his budget proposal

Al Jazeera  

Biden’s proposal will face stiff opposition in Congress and has ‘little-to-no shot’ at becoming law, experts say. The White House refers to it as the “billionaire minimum income tax.” The budget includes a proposal to raise the corporate tax rate to 28 percent, higher than the current level but still below the 35 percent tax rate that prevailed before 2017 …

Biden's budget plans to cut US deficit by $3 trillion in 10 years: White House
1 year, 9 months ago

Biden's budget plans to cut US deficit by $3 trillion in 10 years: White House

Hindustan Times  

President Joe Biden's upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, the White House said Wednesday. “This is something we think is important,” White House press secretary Karine Jean-Pierre said in confirming the president's plan. "This is something that shows the American people that we take this seriously.” As part of the budget, …

Biden will buck tradition and unveil budget in Pennsylvania
1 year, 9 months ago

Biden will buck tradition and unveil budget in Pennsylvania

Associated Press  

WASHINGTON — With an eye on 2024, President Joe Biden will showcase his election-year budget plan this week in must-win Pennsylvania rather than the usual White House setting. The White House budget plan will be a “what if” document, aimed at telling voters what the federal government could do if Democrats were solidly in control of the White House and …

A call for unity, America first and a possible 2024 run: What we learnt from Joe Biden’s State of the Union speech
1 year, 10 months ago

A call for unity, America first and a possible 2024 run: What we learnt from Joe Biden’s State of the Union speech

Firstpost  

Amid pessimism and a divided Congress, President Joe Biden delivered his second State of the Union address. Addressing millions of Americans, Biden said, “Because the soul of this nation is strong, because the backbone of this nation is strong, because the people of this nation are strong, the state of the union is strong.” Here are the biggest takeaways from …

State of the Union Address LIVE: Ban Assault Weapons, Help Reform Gun Law, Urges Biden
1 year, 10 months ago

State of the Union Address LIVE: Ban Assault Weapons, Help Reform Gun Law, Urges Biden

News 18  

US President Joe Biden during his State of the Union address on Tuesday said his administration generated economic growth, jobs and fought inflation and the cost of living crisis. Biden said that Medicare in the US continues to provide a social safety net for low income Americans and his administration is empowering Medicare to negotiate with drug companies. “It will …

In State of the Union speech, Biden to pledge to work with Republicans
1 year, 10 months ago

In State of the Union speech, Biden to pledge to work with Republicans

Live Mint  

U.S. President Joe Biden will declare U.S democracy is bruised but "unbowed and unbroken" on Tuesday in a State of the Union speech that will serve as an olive branch to skeptical Republicans and a blueprint for his 2024 re-election bid. In his first address to a joint session of Congress since Republicans took control of the House of Representatives …

When is State of the Union 2023? Date of Joe Biden's address and what to expect | Explainer
1 year, 10 months ago

When is State of the Union 2023? Date of Joe Biden's address and what to expect | Explainer

India Today  

US President Joe Biden will deliver his first State of the Union address after Republicans took control of the House of Representatives in a speech that may mark the unofficial start of the 2024 presidential campaign season. The president also invites family members and other guests who sit in the First Lady's view box from the balcony and can be …

What Biden needs to do in this year's State of the Union speech
1 year, 10 months ago

What Biden needs to do in this year's State of the Union speech

NPR  

What Biden needs to do in this year's State of the Union speech Enlarge this image toggle caption Pool/Getty Images Pool/Getty Images President Biden is heading to the U.S. Capitol on Tuesday evening to deliver his State of the Union address for 2023. "State of the Unions at their very best are often eloquent laundry lists, but they're also political …

Biden’s budget plan: Higher taxes on rich, lower deficits
2 years, 8 months ago

Biden’s budget plan: Higher taxes on rich, lower deficits

Associated Press  

WASHINGTON — President Joe Biden announced a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police and greater funding for education, public health and housing. Appearing at the White House with his budget director Shalanda Young, Biden said the proposal sends a clear message to the public about “what we value.” …

Biden to propose new minimum tax on wealthiest Americans
2 years, 8 months ago

Biden to propose new minimum tax on wealthiest Americans

Live Mint  

WASHINGTON : President Biden will propose a new minimum tax on households worth more than $100 million as part of his annual budget, the White House said Saturday, in a bid to ensure the very wealthiest Americans pay at least 20% in tax on their income and rising asset values each year. The biggest chunk of money in the new …

Senators push Biden to fight to preserve the child tax credit
2 years, 10 months ago

Senators push Biden to fight to preserve the child tax credit

LA Times  

Five Democratic senators urged President Biden on Wednesday to continue to fight hard to extend the child tax credit, which he suggested last week might have to be dropped from a revamped version of his sweeping climate and domestic spending package. Michael Bennet of Colorado, Sherrod Brown of Ohio, Cory Booker of New Jersey, Raphael Warnock of Georgia and Ron …

AP source: Biden, Manchin sharply divided over $2T Dem bill
3 years ago

AP source: Biden, Manchin sharply divided over $2T Dem bill

Associated Press  

WASHINGTON — President Joe Biden and Sen. Joe Manchin were said to be sharply divided Wednesday over Democrats’ huge social and environment bill, with the holdout senator pushing to erase the measure’s improved child tax credit, as leaders’ hopes of passing the legislation before Christmas appear to be fading away. Many Democrats consider the expanded child tax credit the bill’s …

Biden announces 'historic' deal — but no action yet
3 years, 1 month ago

Biden announces 'historic' deal — but no action yet

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Eager to have a deal in hand before …

Biden announces ‘historic’ deal — but still must win votes
3 years, 1 month ago

Biden announces ‘historic’ deal — but still must win votes

Associated Press  

WASHINGTON — President Joe Biden announced Thursday that he and Democrats in Congress have reached a “historic” framework for his sweeping domestic policy package. One pivotal Democratic holdout, Sen. Kyrsten Sinema of Arizona, said, “I look forward to getting this done.” However, another, Joe Manchin of West Virginia, was less committal: “This is all in the hands of the House …

Biden proposes $1.85 tn social security and climate plan
3 years, 1 month ago

Biden proposes $1.85 tn social security and climate plan

The Hindu  

In a bid to unite Democrats on Capitol Hill around an agenda-defining social security and climate action Bill, U.S. President Joe Biden visited Capitol Hill on Thursday morning, proposing a $1.85 trillion legislative package. Key elements left out The new ‘Build Back Better’ proposal, which has been linked to a $1 trillion infrastructure Bill that passed the Senate and is …

White House, Dems hurriedly reworking $2 trillion Biden plan
3 years, 2 months ago

White House, Dems hurriedly reworking $2 trillion Biden plan

Associated Press  

WASHINGTON — The White House and Democrats are hurriedly reworking key aspects of President Joe Biden’s $2 trillion domestic policy plan, trimming the social services and climate change programs and rethinking new taxes on corporations and the wealthy to pay for a scaled-back package. Biden later said the discussions are “down to four or five issues.” On one issue — …

What’s in, and what’s out, as Democrats trim Biden bill
3 years, 2 months ago

What’s in, and what’s out, as Democrats trim Biden bill

Associated Press  

WASHINGTON — After months of talks, Democrats are edging closer to an agreement on what programs and policies to include in President Joe Biden’s massive plan to expand health and safety net programs and combat global warming. But here’s where the bill stands so far, according to lawmakers and aides: — A child tax credit increase would continue for another …

With clock ticking, Biden meets with progressives and moderates to secure his agenda
3 years, 2 months ago

With clock ticking, Biden meets with progressives and moderates to secure his agenda

NPR  

With clock ticking, Biden meets with progressives and moderates to secure his agenda Enlarge this image toggle caption Drew Angerer/Getty Images Drew Angerer/Getty Images Progressive Democrats emerged from a meeting at the White House Tuesday praising President Biden's efforts but acknowledging that in any spending agreement with moderates, key progressive priorities, including climate, pre-K and the child tax credit, would …

Big pressure on Biden, Dems to trim $3.5T federal overhaul
3 years, 2 months ago

Big pressure on Biden, Dems to trim $3.5T federal overhaul

Associated Press  

WASHINGTON — Pressure mounting, President Joe Biden and Democrats in Congress strained Tuesday to trim back his potentially historic $3.5 trillion government overhaul to win support from two key holdout senators ahead of make-or-break deadlines for votes. Assuming nothing, House Speaker Nancy Pelosi told reporters at the Capitol, “In the next day or so we hope to come to a …

Democrats may torpedo their big plan: Shielding billionaire wealth, making it tougher to get aid
3 years, 3 months ago

Democrats may torpedo their big plan: Shielding billionaire wealth, making it tougher to get aid

Salon  

Congressional Democrats are negotiating against themselves as they try to complete a spending plan that started at $3.5 trillion but is likely to shrink significantly in the weeks ahead. "It's important to address the fact that billionaire heirs may never pay tax on billions in stock gains," Senate Finance Chairman Ron Wyden, D-Ore., said in a statement to Salon. Manchin …

Biden $3.5T plan tests voter appeal of expansive gov’t role
3 years, 3 months ago

Biden $3.5T plan tests voter appeal of expansive gov’t role

Associated Press  

WASHINGTON — President Joe Biden’s “build back better” agenda is poised to be the most far-reaching federal investment since FDR’s New Deal or LBJ’s Great Society — a prodigious effort to tax the rich and shift money into projects and programs touching the lives of nearly every American. “We’re doing hard things,” said Rep. Sean Patrick Maloney, D-N.Y., the chairman …

Democrats look to hike taxes on the rich and corporations to pay for $3.5 trillion budget bill
3 years, 3 months ago

Democrats look to hike taxes on the rich and corporations to pay for $3.5 trillion budget bill

CNN  

CNN — House Democrats want to increase taxes on wealthy Americans and corporations to pay for their sweeping $3.5 trillion budget package. The draft proposal, which could still change before it is expected to be officially released Monday, calls for increasing the top marginal rate on individuals to 39.6%, up from the 37% rate set by the Republicans’ 2017 tax …

White House, Democrats tangle over Biden bid to raise taxes
3 years, 3 months ago

White House, Democrats tangle over Biden bid to raise taxes

Associated Press  

WASHINGTON — President Joe Biden has a simple message for fellow Democrats about his plan to raise taxes to remake large swaths of the American economy: look beyond the bottom line. “Establishing an artificial $3.5 trillion spending number and then reverse-engineering the partisan social priorities that should be funded isn’t how you make good policy,” Manchin wrote in The Wall …

Top Dems leave door open to trimming Biden’s $3.5T price tag
3 years, 3 months ago

Top Dems leave door open to trimming Biden’s $3.5T price tag

Associated Press  

WASHINGTON — Congress’ two top Democrats seemed to leave the door open Wednesday to ultimately reducing the $3.5 trillion price tag of President Joe Biden’s plan to boost social and environment programs, illustrating party divisions they will spend weeks trying to resolve. “We will have our negotiations,” House Speaker Nancy Pelosi, D-Calif., told reporters, saying her chamber would produce “a …

Biden offers tax deal to Republicans in infrastructure talks
3 years, 6 months ago

Biden offers tax deal to Republicans in infrastructure talks

Associated Press  

President Joe Biden is trying to break a logjam with Republicans on how to pay for infrastructure improvements, proposing a 15% minimum tax on corporations and the possibility of revenues from increased IRS enforcement as a possible compromise. White House press secretary Jen Psaki said Biden examined possible tax code changes from his plans that Republicans might support. The idea …

Joe Biden’s $6T budget: Social spending, taxes on business
3 years, 6 months ago

Joe Biden’s $6T budget: Social spending, taxes on business

India TV News  

President Joe Biden is proposing a $6 trillion budget for next year that’s piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nation’s spiking debt from spiraling totally out of control. “Our prosperity comes from the people who get up every day, work …

U.S. President Joe Biden’s $6 trillion budget: Social spending, taxes on business
3 years, 6 months ago

U.S. President Joe Biden’s $6 trillion budget: Social spending, taxes on business

The Hindu  

President Joe Biden on Saturday unveiled a $6 trillion budget for next year that’s piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nation’s spiking debt from spiralling totally out of control. With the deficit largely unchecked, Mr. Biden would use proposed tax …

Why Joe Biden's speech today isn't a State of the Union but a look at the year ahead
3 years, 7 months ago

Why Joe Biden's speech today isn't a State of the Union but a look at the year ahead

ABC  

Joe Biden has given his first address to a joint session of Congress but it wasn't a State of the Union speech. Just four months after his shock victory in the US election, Donald Trump used his first address to Congress in March 2017 to declare "a new chapter of American greatness". Barack Obama Then-vice president Joe Biden and Speaker …

Biden’s ‘Families Plan’ would tax rich to help schools, childcare, community college and more
3 years, 7 months ago

Biden’s ‘Families Plan’ would tax rich to help schools, childcare, community college and more

LA Times  

President Biden is proposing an ambitious $1.8-trillion, 10-year plan to subsidize American families’ education, child care, health insurance and job leave costs — an investment in workers intended to complement his earlier call for infrastructure spending and much more, to rebuild an economy hobbled by pandemic and economic inequality. The latest package would be paid for in part by turning …

President Biden seeks $80 billion to boost IRS tax audits
3 years, 7 months ago

President Biden seeks $80 billion to boost IRS tax audits

CNN  

CNN — President Joe Biden will seek $80 billion to fund enhanced Internal Revenue Service enforcement of high-earners to help pay for his American Families Plan, which he is set to unveil later this week, two sources briefed on the proposal told CNN. Biden is poised to unveil a roughly $1.5 trillion legislative proposal to invest hundreds of billions of …

It's not a State of the Union, but Joe Biden will soon deliver his first address to Congress. Here's what to expect
3 years, 8 months ago

It's not a State of the Union, but Joe Biden will soon deliver his first address to Congress. Here's what to expect

ABC  

In just under a week, US President Joe Biden will deliver his first address to a joint session of Congress. The key moments from Trump's 2020 State of the Union Photo shows Speaker of the House Nancy Pelosi rips up U.S. President Donald Trump's speech Did Trump mean to snub Pelosi's handshake ahead of his State of the Union address? …

Pros, cons and pragmatism: Biden’s plan to fund infrastructure
3 years, 8 months ago

Pros, cons and pragmatism: Biden’s plan to fund infrastructure

Al Jazeera  

Biden’s American Jobs Plan appears popular, but raising corporate taxes to pay for it is not seen by all as a silver bullet. To stop firms from shifting profits abroad to lower-tax jurisdictions, Biden’s plan involves getting other big economies to agree to a global minimum tax rate – an idea spearheaded by US Treasury Secretary Janet Yellen who wrote …

Joe Biden defends his $2.5tn infrastructure bill and business tax hikes
3 years, 8 months ago

Joe Biden defends his $2.5tn infrastructure bill and business tax hikes

Daily Mail  

President Joe Biden launched a full-throated defense of his corporate tax hike to fund his $2.3 trillion dollar infrastructure plan, saying he was tired of ordinary Americans being fleeced. Biden's tax proposal would hike the corporate tax rate to 28 per cent, increase the de facto global minimum tax and crack down on companies that pay little or no income …

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