Tax Day shows stark divide between Biden and Trump
WASHINGTON (AP) — 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.
Biden, the sitting Democratic president, released his income tax returns on the IRS deadline of Monday. Filing jointly with his wife, Jill, he reported gross income of $619,976 and paid a federal income tax rate of 23.7%.
On Tuesday, Biden is scheduled to deliver a speech in Scranton, Pennsylvania, about why the wealthy should pay more in taxes to reduce the federal deficit and help fund programs for the poor and middle class.
Biden is proud to say that he was largely without money for much of his decades-long career in public service, unlike Trump, who inherited hundreds of millions of dollars from his father and used his billionaire status to launch a TV show and later a presidential campaign.