Inflation is taxation and Americans understand it is because of Democrats’ failed policies.  According to a recent study 83% of Americans surveyed said they noticed price increases on their commonly purchased groceries or household goods in June & July and 54% of Americans are moderately or significantly concerned about future price increases.  BIDEN’S INFLATION TAX BY THE NUMBERS:
  • Americans are making 1.7 % LESS than they did a year ago, when inflation is factored in. 
  • Inflation has increased every month since Biden took office. 
  • The consumer price index (CPI) increased 5.4% from a year ago, the largest jump since just before the 2008 financial crisis. 
  • Americans are paying more for just about everything:
    • Gas prices are up 45.1%
    • Milk is up 5.6%
    • Fruit is up 7.3%
    • Washing machines are up 29.4%
    • Car rentals are up 87.7%
    • Hotels are up 16.9%
  • Consumers see prices overall up 4.8% in the next 12 months, according to a New York Fed survey. 
It’s simple: Inflation is taxation!    President Biden and Democrats’ reckless spending is causing inflation to surge. This means Americans are paying more for groceries and household goods, while also taking home less.