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Home News Wealth

Biden: It’s time for the rich to pay their fair share of taxes

June 18, 2023 - Updated on October 14, 2024
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As part of his 2024 campaign, US President Joe Biden praised his investments in advanced infrastructure and technology on Saturday, calling for higher taxes on billionaires, stressing that “it’s time for the super-rich to start paying their share.” fair.”

At the convention center in Philadelphia and before an audience of union members, Biden spoke to shouts about his belief that “this country is about to take off.” “The investments we have made in the last three years have the potential to change this country in the next five decades,” he said, referring in this context to the “Chips and Science Act,” which provides some $53 billion for the production and research in the electronic chip sector, and the “Inflation Reduction Law” to support investment in green energy.

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Addressing attendees, Biden stressed that if Republicans win in 2024, they will “attack your jobs” by undoing his reforms.

Regarding the richest, he said: “I don’t care that they are billionaires. They just have to pay their fair share. It’s just time for the big corporations and the rich savages to start paying their fair share.”

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