Inflation is a tax on all Americans, and it has skyrocketed because of Joe Biden’s weak and failed leadership. The average American family is now paying $175 more per month for basic household goods like gas and groceries.
Make no mistake, America is facing an economic crisis because of Joe Biden. And as the American people are suffering, Democrats are attempting to pass the largest tax increase and largest spending reconciliation bill in our nation’s history full of radical Far Left policies.
BIDEN’S ECONOMIC CRISIS BY THE NUMBERS:
Inflation is taxation, and it has gone up every month of Joe Biden’s presidency.
For households earning the US median annual income of about $70,000, the current inflation rate has forced them to spend another $175 a month on food, fuel, and housing
- Americans are paying more for just about everything while making less because of the skyrocketing inflation:
- Gasoline is UP 42.1%
- Used Cars are UP 24.4%
- Propane, kerosene, and firewood are UP 27.6%
- Gas Utilities are UP 20.6%
- Bacon and related products are UP 19.3%
- Pork is UP 12.7%
- Meats are UP 12.6%
- Eggs are UP 12.6%
- Fresh fish and seafood are UP 10.7%
- Fresh and frozen chicken parts are UP 8.1%
In September, the U.S. economy added just 194,000 compared to the 500,000 economists expected.
The labor force participation rate fell to 61.6% in September.
Shelves across the country are bare because of workforce shortages that have left a record number of container ships waiting to enter ports.
Instead of addressing this crisis House Democrats are pushing a tax and spend package totaling over $5 trillion, which will only add fuel to America’s skyrocketing inflation and worsen the economic crisis facing Americans.