Biden’s hidden inflation tax is hitting middle-class families hard.
According to the Penn Wharton Budget Model, Bidenflation will cost the average American family $3,500 this year.
The analysis found that most households will have to allocate 6% of their budget to inflation just to afford the same standard of living. For lower-income Americans it’s even worse at 7%. In other words, Bidenflation has levied a 6-7% tax on Americans, a regressive tax that has hurt Americans who can least afford it.
Unfortunately for the American people, economists say Biden’s Build Back Broke agenda will only make things worse.
When Biden says his agenda costs the middle class $0, he’s lying.
