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.