Joe Biden traveled to Philadelphia on Thursday to deliver a budget proposal that includes $2 trillion in tax hikes.
Republicans should reject Biden’s ridiculous budget proposal.
House Speaker McCarthy (R-CA) lambasted Joe Biden on Thursday.
President Biden has just presented his budget to Congress, and it is absolutely not serious.
It offers trillions in new taxes that you and your family will pay directly or through higher costs.
Mr. President: Washington has a spending problem, NOT a revenue problem.
— Kevin McCarthy (@SpeakerMcCarthy) March 9, 2023
Biden absurdly claimed that his regime had “brought inflation down seven months in a row.”
“We have lowered inflation seven months in a row. We are going to whip it,” Biden said.
SHOW:
BIDEN: “We’ve brought inflation down seven months in a row. We’re going to whip it.”
Inflation was 1.4% when Biden took office. Inflation is 6.4% today. pic.twitter.com/WjmWnU37JK
— RNC Research (@RNCResearch) March 9, 2023
It’s an outright lie.
Inflation soared shortly after Joe Biden was sworn in due to his tax and spending policy.
The Federal Reserve’s favorite inflation measure revealed prices rose 0.6% in Januaryhigher than expected.
The monthly and annual figures were above expectations. Much of the increase came from food and energy prices.
In fact, inflation is so out of control that Federal Reserve Chairman Jerome Powell this week said interest rates will “likely be higher” than expected.
