In terms of taxes and prices of goods, President Joe Biden has set out his economic plans.
In Biden’s State of the Union Address, he talked about plans for the business of the United States in the future. He talked about changing the tax system so that it is fair for everyone and prices go down for people.
“The economy was on the verge of collapse when I took over.” “The rest of the world is now envious of our economy,” Biden said.
According to Biden, making big businesses and the very rich pay their fair share of taxes is the only way to make the tax code fair. For a long time, Biden has talked about how corporations should pay more taxes and how unfair the present tax brackets are for regular people.
Joe Biden has talked about a “billionaire tax,” which would mean that people whose annual income is more than $100 million would have to pay at least 25% in taxes. There are also plans to make some of the changes and projects that he has already made even better.
The president said that he would be pushing Medicare to get even lower prices on drugs so that more Americans could afford them. Biden has a big plan for the economy, and we’ve already seen plans work, like getting rid of “junk fees.”
He even did his own ad for the Super Bowl on Sunday to criticize companies that put less product in their boxes but charge the same price or more. He talked about this as “shrinkflation.”
Biden has made changes to the economy that have been seen as successful, but data show that many Americans aren’t aware of many of his efforts.
“We need to do more to make sure you feel the effects of everything we’re doing,” Biden said.
