It's the Brian Layer Show on WNYC. Good morning again everyone.

Well now that Biden and Trump have both won enough delegates as of last night in case you miss that to clinch their nominations,

one of the issues that will be a real contrast in the election is taxes.

President Biden has just proposed his annual budget for the next fiscal year,

and I know yawn that can sound dry and wonky when you say

budget but it's also a campaign document that sets up a populist showdown that he

wants between him and Donald Trump. Trump has his brand of populism, right, which is largely

let's say culture war populism and election denial. Biden has his brand which is more economic, reflected in this excerpt from last week's

State of the Union address.

You know, there are 1,000 billionaires in America. You know what the average federal taxes for those

billionaires? No. They're making great sacrifices. 8.2 percent. That's far less than the vast majority of Americans pay. No billionaires

should pay a lower federal tax rate than a teacher or sanitation worker who nurse. I propose a nurse.

Aye.

Aye.

Aye

a minimum I propose the minimum tax for billionaires of 25% just 25%. You know what that would raise?

That would raise 500 billion dollars over the next 10 years.

And imagine what that could do for America.

Imagine a future with affordable child care.

Millions of families can get they need to go to work to help grow the economy.

Imagine the future with paid leave because no one should have to choose between working

and taking care of their sick family member.

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