White House Attempts to Explain Why Inflation Isn’t a Hidden Tax

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Posted: Oct 21, 2021 4:45 PM
White House Attempts to Explain Why Inflation Isn’t a Hidden Tax

Source: (AP Photo/Mark Lennihan)

Speaking to reporters from the White House Thursday afternoon, Principal Deputy Press Secretary Karine Jean-Pierre was asked how President Biden reconciles his promise not to raise taxes on Americans making less than $400,000 per year with the hidden tax of rising inflation. 

The vast majority of Americans are noticing empty shelves at their local grocery stores and more expensive price tags for the limited items available. Economists and investors are warning inflation is going to get much worse and poses a "threat to society." 

Meanwhile, President Biden is still pushing his multi-trillion dollar spending plan. Democrat Senator Joe Manchin is warning the agenda will make inflation worse. 

"This will contribute to inflation. We've already passed the American Rescue Plan. We should just pass the infrastructure bill and, you know, pause for six months," Manchin said in negotiations, according to Axios.

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