Biden Touts Economic Gains and New Proposals in State of the Union Address

• Biden touts strong economic record including 15M new jobs, 50-year low unemployment, 800K new manufacturing jobs • Claims inflation down from 9% to 3%, credits policies like Chips Act for billions in new investments • Wants to expand Medicare drug pricing negotiations, cap prescription costs for all Americans • Proposes minimum 25% tax on billionaires, says it would raise $500B over 10 years • Boasts climate achievements like 50% emissions cuts by 2030, creation of clean energy jobs