'They want to raise your gas prices... cut taxes for billionaires... impose 30 percent national sales tax,' says President Joe Biden as he slams Republicans' economic proposals
"I will not let it happen. Not on my watch," says US President Biden as he accuses his opponents of gimmick to allow"millionaires and billionaires" to avoid paying taxes.
"I will not let it happen. Not on my watch. I will veto everything," he said in a speech laying out his economic vision at a Virginia pipe fitters union hall on Thursday. "They want to raise your gas prices. They want to cut taxes for billionaires," Biden said. "They want to impose a 30 percent national sales tax," he added.
The speech, which touted Biden's promise of a US manufacturing rebirth, laid out the attack lines of the Democrat's expected 2024 re-election bid. The latest data on Friday showing GDP growth of 2.1 percent in 2022, with a stronger than expected 2.9 percent surge in October to December, gave ammunition to Biden administration officials who argue that they have instead managed to steer the world's largest economy out of danger.Polls show Biden remains unpopular — with only a 42 percent average approval rating.
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