Joe Biden has already increased taxes on families making less than $400,000 dollars a year.
Even Biden’s favorite economist, Mark Zandi at Moody’s Analytics, who he cites ad nauseam, says households earning the U.S. median annual income of $70,000 are paying $175 more per month because of the rising cost of food, fuel, and housing under Biden.
That’s just fuel, food, and housing, and does not include the skyrocketing prices of other everyday goods that are giving Americans massive sticker shock.
That’s part of the reason real wages are going DOWN under Biden. And even former Obama economic advisors are warning rising prices are only going to get worse under Biden’s plan to waste $3.5 trillion more of your money.
…..Record labor shortages, product bottlenecks, and liquidity overhangs. WE HAVE AN INFLATION PROBLEM.
— Lawrence H. Summers (@LHSummers) October 2, 2021
Moral of the story: If you think you aren’t paying for Biden’s reckless socialist spending sprees – you’re wrong. In fact, you already are.
