Video: Biden wants to tax the rich more heavily

STORY: US President Joe Biden wants to enter the upcoming presidential campaign with the promise of social spending and higher taxes for the rich. Working people have sacrificed their health for too long and been left behind by the economy, the head of state told union members in Philadelphia on Thursday. The 80-year-old is expected to formally announce his intention to run again as a Democratic candidate and seek re-election in 2024. Biden accused the opposition Republicans of irresponsibility in budgetary policy and referred to his plan to reduce debt by almost $3 trillion over a ten-year period. This should succeed with tax increases, including for everyone who earns more than 400,000 US dollars a year.


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