Consumer prices spiked 8.5% from last year in July, marking 15 straight months with inflation at or over 5% year-over-year. Make no mistake, “inflation is everywhere,” and any president or politician that takes a “victory lap” with inflation at 8.5% deserves the moniker “Pay Cut President.”
And the Pay Cut President is exactly what Joe Biden is. Real wages have been DOWN since he delivered the Great American Pay Cut with his $1.9 trillion “stimulus.”
The facts: real wages are falling, real income is lower than when Joe Biden took office, and prices are surging. Now, Biden wants to raise middle class taxes.
Under Biden, middle class families have run out of “breathing room.”
