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The Numbers Show Biden's Socialist Tax & Spending Agenda is Making Inflation Worse
WASHINGTON, D.C. - Since early Spring, President Biden and Washington Democrats have insisted that inflation is merely transitory while piling on trillions in new spending and debt. Today, inflation is skyrocketing as the prices of everyday household items continue to rise, threatening the livelihoods of millions of American families. With inflation on pace to reach its highest level in nearly forty years, President Biden and Washington Democrats are attempting to ram through a 2,400 page, … Continue Reading
September 01, 2021
CBO Confirms: Higher Inflation Harms Wages, Increases Tax Burden, & Decreases Investment in America’s Future
WASHINGTON, D.C. - On July 29, 2021, House Budget Committee Republican Leader Jason Smith (MO-08) sent a letter to the Congressional Budget Office (CBO) requesting an analysis of how today’s high rate of inflation - fueled by unprecedented levels of government spending - is driving up prices, negatively impacting the real incomes of working Americans, increasing effective tax rates on the earnings of Americans, and driving down investment and long-term economic growth. Under the Biden … Continue Reading
