President Biden kicked off a campaign swing following his State of the Union address by speaking at a campaign event in Pennsylvania, specifically in Wallingford. During his speech, he emphasized the need to address issues such as price fixing by big landlords and the importance of passing a plan to build and renovate two million affordable homes and apartments to lower rents.
Biden highlighted his administration's efforts to reduce the federal deficit, citing a trillion-dollar cut achieved and a budget deal that will further reduce the deficit by another trillion dollars over the next decade. He also called for higher tax rates on billionaires, criticizing the 8.3% tax rate many billionaires currently pay.
The President took aim at former President Trump's economic policies, accusing him of enacting tax cuts that primarily benefited the wealthy and led to an increase in the federal deficit. Biden pledged to continue working towards cutting the federal deficit by an additional three trillion dollars.
On the economic front, Biden pointed to a recent healthy jobs report, which showed the addition of 275,000 jobs in February and a decrease in unemployment to 3.9%. He attributed the strength of the economy to government spending but faced criticism for the significant growth in public sector jobs.
Regarding foreign policy, Biden addressed the Israeli-Palestinian conflict, stating that Israel needs to do more to alleviate the Palestinian plight. Despite public statements, the administration has been quietly providing arms to Israel, sparking criticism from progressives within Biden's base.
In conclusion, President Biden's campaign event marked his efforts to highlight his administration's achievements and outline his vision for the future, as he seeks to secure another four years in office.
