Biden at the campaign launch: The rich should pay more taxes | outside

US President Joe Biden turned his sights on the ultra-rich during his first campaign speech in next year’s presidential election. At a union rally in the important swing state of Pennsylvania, he spoke to a jubilant crowd that it was time for “millionaires, billionaires and big corporations to pay their fair share.”

The meeting was held under the auspices of the AFL-CIO, a union federation representing 12.5 million American workers. Biden announced at the end of April that he would seek re-election in the 2024 presidential election, but Saturday was his first campaign rally.

In front of an audience full of unionists, Biden stated that he was convinced the economic future looked bright. “The investments we’ve made over the past three years will transform the country over the next five decades,” he said. The US President cited, among other things, the CHIPS and Science Act, a law providing $53 billion for microchip production and research, and the Inflation Reduction Act, a massive investment plan for green energy.

raise taxes

In addition, the current US President has also announced that he will increase taxes on the wealthy and multinational corporations. “It doesn’t bother me that they are billionaires. They just have to pay their fair share.”

In addition to calling for new taxes on the wealthy, Biden has praised his performance as president, which he says has led to economic growth. At the same time, he warned, Republicans want this policy reversed.

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“Most pro-union president in American history”

If Republicans take back power and withdraw funding for new roads and bridges and renewable energy projects, Biden warned, “they’re taking your jobs.” He also said that he was “the most pro-unity president in American history”.

According to sources close to Biden, he plans to spread this economic message at future campaign events as well. In his speech, Biden did not mention his Republican rival, Donald Trump, and the controversies surrounding him.

Denton Watson

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