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US President Biden's 2024 State of the Union Address
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DOCX
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hnsw

US President Biden's 2024 State of the Union Address

Not any more! Thanks to the law I wrote and signed big companies now have to pay a minimum of 15%. But thats still less than working people pay in federal taxes. Its time to raise the corporate minimum tax to at least 21% so every big corporation finally begins to pay their fair share. I also want to end the tax breaks for Big Pharma, Big Oil, private jets, and massive executive pay!
id: 3f82efc5b90a5da66245442317f3d8eb - page: 15
End it now! There are 1,000 billionaires in America. You know what the average federal tax rate for these billionaires is? 8.2 percent! Thats far less than the vast majority of Americans pay. No billionaire should pay a lower tax rate than a teacher, a sanitation worker, a nurse! Thats why Ive proposed a minimum tax of 25% for billionaires. Just 25%. That would raise $500 Billion over the next 10 years. Imagine what that could do for America. Imagine a future with affordable child care so millions of families can get the care they need and still go to work and help grow the economy. Imagine a future with paid leave because no one should have to choose between working and taking care of yourself or a sick family member. Imagine a future with home care and elder care so seniors and people living with disabilities can stay in their homes and family caregivers get paid what they deserve! Tonight, lets all agree once again to stand up for seniors!
id: 580bc11dbe6256d68aca30a36239a8fd - page: 16
Many of my Republican friends want to put Social Security on the chopping block. If anyone here tries to cut Social Security or Medicare or raise the retirement age I will stop them! Working people who built this country pay more into Social Security than millionaires and billionaires do. Its not fair. We have two ways to go on Social Security. Republicans will cut Social Security and give more tax cuts to the wealthy. I will protect and strengthen Social Security and make the wealthy pay their fair share! Too many corporations raise their prices to pad their profits charging you more and more for less and less. Thats why were cracking down on corporations that engage in price gouging or deceptive pricing from food to health care to housing. In fact, snack companies think you wont notice when they charge you just as much for the same size bag
id: 6d1d6d87f163dabea3ba4bfe256eebbd - page: 16
Pass Senator Bob Caseys bill to put a stop to shrinkflation! Im also getting rid of junk fees those hidden fees added at the end of your bills without your knowledge. My administration just announced were cutting credit card late fees from $32 to just $8. The banks and credit card companies dont like it. Why? Im saving American families $20 billion a year with all of the junk fees Im eliminating. And Im not stopping there. My Administration has proposed rules to make cable travel utilities and online ticket sellers tell you the total price upfront so there are no surprises. It matters. And so does this. In November, my team began serious negotiations with a bipartisan group of Senators. The result was a bipartisan bill with the toughest set of border security reforms weve ever seen
id: 24203b77b0683d2a196fd31459e5e591 - page: 17
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