President Biden engages in a lively exchange with congressional Republicans over tax cuts, emphasizing the need for fair taxation and opposing further tax breaks for the wealthy and big corporations. Democrats support tax code fairness, higher corporate tax rates, and making the rich pay their fair share. The focus is on ensuring all Americans pay their fair share in taxes, with efforts to combat tax evasion and support programs like the Child Tax Credit to uplift families and grow the middle class.
Republicans stand for corporate tax breaks and rich tax cheats. Democrats stand for working families, fair wages, and making the rich pay their fair share. #SOTU2024
Biden: "Republicans can cut Social Security and give more tax breaks to the wealthy. I will --" [Republicans groan] "That’s the proposal. Oh, no. You guys don’t want another $2 trillion tax cut. I kind of thought that’s what your plan was. Well, that’s good to hear!" https://t.co/cXLfcCaO4R
President Biden directly spars with congressional Republicans, prompting laughs from Democrats: “You guys don’t want another $2 trillion tax cut? I kinda thought that’s what your plan was.” https://t.co/bw6Y2aSclb
President Biden leads a call-and-response while calling for tax increases on the wealthy: “Does anybody really think the tax code is fair?” Democrats: “No!” “Do you really think the wealthy and big corporations need another $2 trillion tax break?” Democrats: “No!” https://t.co/rV50gMWuuM
Biden does a little call-and-response with the Democrats on tax cuts for the rich. "Does anybody really think the tax code is fair?" "No!" "Do you really think the wealthy and big corporations need another $2 trillion tax break?" "No!" https://t.co/rCL4cCaQJU
Billionaires shouldn't be able to dodge their taxes and leave working Americans holding the bag. We fought alongside @POTUS to ensure the IRS can go after wealthy tax cheats. MAGA Republicans are STILL trying to repeal our law. We can't let them. #SOTU
All Americans should pay their fair share in taxes & @POTUS is hard at work delivering on that promise. From proposing a higher corporate tax rate to ensuring the IRS is fully funded to stamp out tax evasion, @POTUS is making it clear no one gets to cheat on their taxes. #SOTU
President Biden: Does anyone think the tax code is fair? US Congress shouts back: NO! Biden: Way to make tax code fair is to make big corporations pay their fair share. Time to raise corporate minimum tax rate to at least 21%
The expanded Child Tax Credit lifted families out of poverty and gave them financial breathing room to plan for their future. It’s one of the best tools we have to grow the middle class, and it’s time for Congress to make it permanent. #SOTU2024
The expanded Child Tax Credit was one of the most effective poverty-fighting tools we've ever had — cutting child poverty in half to the lowest level in history. We're working with @POTUS to bring it back. #SOTU
Do you think the wealthy and big corporations need another $2 trillion in tax breaks? I sure don’t. I’m going to keep fighting like hell to make it fair. And that means under my plan, no one earning less than $400,000 will pay an additional penny in federal taxes.