President Biden delivered an impassioned State of the Union address last night, touting economic growth under his administration and promising tax credits to aid first-time homebuyers. BTIG Director of Policy Research Isaac Boltansky shares his perspective on Biden's policy proposals hinted at in his speech and whether they are feasible, particularly on the housing front. "We're going to see hopefully, I think, passage of a very narrow tax bill. But none of the proposals that the president went through last night on the tax side are going to become law," Boltansky tells Yahoo Finance. "I think we also have to look at these through a political lens. Yes, they may be popular conceptually, but this country is suffering from a housing shortage." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

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