00:00 It's Benzinga and here's what's on the block. President Joe Biden laid out plans to further
00:04 reshape the tax system and lower costs for Americans during his State of the Union address.
00:08 This included raising corporate taxes to at least 21 percent and implementing a billionaire tax of
00:13 25 percent on households worth over $100 million. He promised to crack down on price gouging by
00:18 corporations and end tax breaks for executives who pay over a million dollars. Biden celebrated
00:23 policies like Medicare, negotiating drug prices lower and investments from the bipartisan
00:27 infrastructure law and ships act to boost domestic manufacturing. Polls show that voters have not
00:32 given Biden much credit for the strong economic conditions and accomplishments. For all things
00:35 money visit Benzinga.com
