"Biden's State of the Union: Targeting Billionaires, Tax Plans, and Political Contrasts"

President Biden is set to target billionaires like Elon Musk and Jeff Bezos, proposing a corporate tax hike and a 25% income tax on those with a net worth over $100 million during his State of the Union address. The proposed tax changes aim to make the tax code fairer and lower the deficit by having big corporations and the wealthy pay their fair share. Additionally, Biden plans to call for an increase in the corporate minimum tax rate and expand tax credits for eligible families and low-wage workers.