Amna Nawaz
@PBSNewsHour·5.3M subscribers·62.2K videos
WATCH: Biden proposes new tax credit for homeowners | 2024 State of the Union
Posted
March 8, 2024
Views
7,819
Likes
91
Engagement
1.16%
March 8, 2024
7,819
91
1.16%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
1:27Now PlayingPresident Joe Biden proposed a new tax credit during his State of the Union address that would give homeowners $400 a month for the next two years.
His proposal comes amid high interest rates intended to curb post-pandemic inflation.
“Inflation keeps coming down. Mortgage rates will come down as well,” Biden said. “But I’m not waiting,” he added before proposing the tax break.
He also said his administration was “cracking down” on landlords “who break antitrust laws by price fixing and driving up rents.”
Biden’s March 7 address comes as he seeks reelection against likely Republican nominee former President Donald Trump. It also comes five months into a deadly war on Gaza and just more than two years after Russia invaded Ukraine – both foreign wars that have tested his relationship with allies and Congress. This is Biden’s third State of the Union address and the last of this term.
Subscribe:
Newsletters
PBS NewsHour podcasts
Stream your PBS favorites with the PBS app
Find more from PBS NewsHour at
Subscribe to our YouTube channel
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
