President Biden To Deliver Remarks On Economy

President Joe Biden is shortly due to deliver remarks on his administration's, "economic progress since taking office," from Springfield, Virginia.

• Livestream: https://www.whitehouse.gov/live/
• Biden is expected to argue that a tax reform proposal from Rep Buddy Carter (R-GA) is emblematic of an "extreme MAGA agenda."
• WaPo: "The Fair Tax Act, sponsored by Rep. Earl L. “Buddy” Carter (R-Ga.) and introduced this month, would do away with income, payroll, estate and gift taxes, and instead impose a 23 percent national sales tax. It would also eliminate funding for the IRS after fiscal 2027."
• The plan has limited support amongst the Republican establishment but will be highlighted by Democrats who argue the GOP is beholden to an extreme fringe.
• Schumer said in a statement: “The so-called ‘Fair Tax Act’ is unfair, unconscionable and un-American. It will impose a tax hike that is dramatic on 90 percent of the American people, working families, middle-class folks, seniors, and those who aspire to be part of the middle class, the poor, the sick and the afflicted."