Staying with the President's State of the Union speech last night will focus on some key

economic issues Joe Biden addressed.

I'm David Brancaccio, a CBS news poll out this week found only 39% of Americans rate the U.S. economy as good,

yet that percentage is up and it's the highest rating on the economy in this poll since the autumn of 2021. Still President

Biden addressed economic issues head on. The racial wealth gap is as

small as it's been in 20 years. Wages keep going up and inflation keeps coming down. Inflation has dropped from 9%

to 3%, the lowest in the world and tending lower. Fact check, it's most of the developed world. Belgium, the Netherlands, Saudi Arabia

are among countries with lower inflation. Biden called out corporations for in his view taking advantage of consumers by raising prices unfairly.

He also paid extended attention to his efforts to further lower prices for things like prescription drugs.

He also called for raising taxes on corporations

and the wealthiest of Americans while not raising tax on families making

four hundred thousand dollars or less and among new proposals dealing with high housing prices, with during this time of high mortgage

rates a temporary tax credit to assist first-time home buyers, as well as an idea to get more

homes for sale on the market by offering incentives

to people to trade up from their starter homes. From the other side of the aisle

Republican Senator Katie Britt of Alabama delivered the GOP response blaming

Biden for the inflation that surged as the pandemic eased. His reckless

spending dug our economy into a hole and sent the cost of living through the roof. We have the worst

inflation in 40 years and the highest credit card debt in our nation's history.

Brit sees Biden policies as burdening families with high prices on things like housing or child care.

Hard-working families are struggling to make ends meet today

and with storing mortgage rates and sky high child care cost.

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