President Biden has repeatedly promised that he won’t raise taxes on American families earning less than $400,000 per year. Yet widespread and growing inflation due to his policies is – at least indirectly – breaking that promise. Call it the Biden inflation tax.
Consumer prices have increased at an accelerated rate every month this year. In April, core inflation rose at its fastest month-over-month pace since 1981. The producer price index grew by the largest amount on record last month. Commodity prices are skyrocketing, with corn rising by more than 50% this year, lumber elevating to four times its traditional rate, and copper hitting a record high.
Every Democrat President since Nixon has RAISED TAXES on the middle class and poor with their numbskull policies.
And THIS Democrat president wasn’t even elected legally.