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.