Inflation Is Taxation!

President Biden’s reckless spending is causing inflation to surge. This means Americans are paying more for goods and services, while also taking home less. 

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

What are Democrats doing to fix inflation?  

They are doubling down on their bad spending habits and attempting to ram through a partisan $3.5 trillion package that is nothing more than a reckless tax and spend spree. This package will stick middle-class families with higher taxes and lower wages. 

It’s simple: Inflation is taxation!  

Click HERE for more on the real effects of inflation from Leader Kevin McCarthy.