President Joe Biden prioritized lowering consumer costs in Thursday’s State of the Union address, announcing initiatives aimed at addressing issues ranging from high housing prices to credit card fees. Biden called for a mortgage relief credit that would give first-time homebuyers an annual tax credit of up to $5,000 a year for two years. He also endorsed legislation to build and renovate roughly 2 million homes and vowed to crack down on price-gouging landlords. David Dworkin, president and chief executive officer of the National Housing Conference and a former Treasury Department official, told The Washington Post that the plan was the “most consequential set of housing recommendations in a State of a Union in over 50 years.” Read more at our link in bio. #biden #stateofunion #speech #politics #news #virginia #housing #highcosts