President Biden made some big promises about getting big corporations to pay more taxes during his State of the Union address Thursday night.

“It’s my goal to cut the federal deficit $3 trillion more by making big corporations and the very wealthy finally pay their fair share,” Mr. Biden said from the House chamber. 

“Look, I’m a capitalist. If you want to make a million bucks – great,” he said. “Just pay your fair share in taxes.”

He said a fairer tax code is “how we invest in the things that make a country great, health care, education, defense and more.”

He criticized former President Donald Trump, saying the “last administration enacted a $2 trillion tax cut that overwhelmingly benefits the very wealthy and the biggest corporations and exploded the federal deficit.”

“They added more to the national debt than in any presidential term in American history,” he said.

The comments were received by loud boos from Republican lawmakers.

He said it was time to raise the corporate minimum tax to at least 21% “so every big corporation finally begins to pay their fair share.”

He made a case to the average American, saying they shouldn’t be paying more taxes than a billionaire.

“No billionaire should pay a lower tax rate than a teacher, a sanitation worker, a nurse,” he said. “That’s why I’ve proposed a minimum tax of 25% for billionaires. Just 25%.”