CNN Reports: Biden’s Inflation Has Wiped Out America’s Pay Raises

Inflation is taxation. 

Now even CNN is forced to admit that President Biden and House Democrats’ out-of-control spending is causing Americans to earn less because of inflation.

According to an analysis by Jason Furman, an economics professor at Harvard University, “compensation is now lower than it was in December 2019, when adjusted for inflation.”

THE BIDEN INFLATION BY THE NUMBERS: 

It’s simple: Inflation is taxation. While Americans are making less, they are paying more for just about everything. CNN reported that “Gas costs more. Food is more expensive. Car prices are at record levels.”