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In New Hampshire visit, Biden slams Trump on possibility of 'cuts' to Social Security and Medicare

President Biden announced plans to cap prescription drug costs, strengthen Medicare, and cut the deficit by taxing wealthy Americans and corporations.

GOFFSTOWN, New Hampshire — President Joe Biden rallied supporters at a YMCA in Goffstown, New Hampshire Monday announcing plans to "cut costs for families" nationwide.

The official visit just days after the State of the Union address was much more like a campaign stop for the sitting president hoping for a second term. 

"I'm going to keep fighting like hell to make it fair," Biden said when talking about plans to increase taxes on the wealthy and corporations.

He also touched on his 2025 budget proposal released Monday and promised to strengthen Social Security and Medicare.

The president slammed his Republican opponent, former President Donald Trump, for suggesting "cuts" to those programs.

"If anyone tries to cut Social Security, Medicare, or raise the retirement age again, I will stop them," Biden said. "Working people built this country. They pay more into Social Security than millionaires and billionaires do. It's not fair."

While inflation is cooling, everyday people have yet to feel the effects with soaring costs for everything from food to housing. 

"He has some convincing to do," a New Hampshire voter named Mario told NEWS CENTER Maine. "I think it's his presidential duty [to improve the economy]."

    

The economy will be top of mind for voters in the coming months, especially in New England states like Maine and New Hampshire, where Biden hopes to gain support among moderate and independent voters. 

"New Hampshire is a strong blue-collar state," New Hampshire Rep. Jaci Grote, D-Rye, said. 

In his remarks, the president called to cap out-of-pocket prescription drug costs at $2,000 a year for all Americans, not just those on Medicare. He also proposed plans to cut the deficit by nearly $3 trillion over the next 10 years.

Biden claimed his rival, Trump, wants to give more tax breaks to big businesses and billionaires.

"I'm a capitalist," he said "Make all the money you want, but pay your fair share."

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