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House GOP Leader: Biden Infrastructure Plan Will Bring Inflation ‘Tax’ to Lower-Earning Families
The Epoch Times ^ | May 8, 2001 | Jack Phillips

Posted on 05/09/2021 4:17:44 PM PDT by Yong

House Minority Leader Kevin McCarthy (R-Calif.) said President Joe Biden’s infrastructure proposals would create significant inflation, which would thereby act as a “tax” for people who make less than $400,000.

Biden and his deputies have said they wouldn’t raise taxes on people making less than $400,000 per year. However, due to the sheer size of his two infrastructure proposals, worth about $4 trillion, some economists have warned that it would trigger significant inflation.


TOPICS: Government; News/Current Events
KEYWORDS: 1of1of1of1of1of; clickbait; didyoudonatetofr; dumpthisblog; excerpt; falungongpropaganda; garbageblog; noclicksforu; notoriginal; oldnews; postandleave; rehash; trashblog; warmedovernews; zeroclicks4you

1 posted on 05/09/2021 4:17:45 PM PDT by Yong
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To: Yong

They finagle a way to pass it. And somehow blame its failure on Republicans.
Wanna Slurpee?


2 posted on 05/09/2021 4:19:40 PM PDT by griswold3 (NBA/ Plumlee Ball. = poor entertainment value while insulting the audience gets you broke )
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To: Yong

Inflation is a form of taxation, in that, your dollar has less buying power.

The liberals on MSNBC deny that inflation is a possibility. But, historically, increases in thr money supply not based on economic growth has led to inflation.


3 posted on 05/09/2021 4:24:39 PM PDT by Dilbert San Diego
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To: Yong

What does Sniffer care, he has Hunter bringing in ChincComm money.


4 posted on 05/09/2021 4:25:24 PM PDT by depressed in 06
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To: Yong

Classic hidden tax.

Been used by nefarious tyrants for Millenia.


5 posted on 05/09/2021 4:32:19 PM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire. Or both.)
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To: Yong

Whoever these “economists” are, they’re morons or political hacks. There is already significant inflation.


6 posted on 05/09/2021 4:37:43 PM PDT by wny ( )
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To: Yong

Maybe the GOP should not have assisted the Democrats with the Big Steal.


7 posted on 05/09/2021 4:50:06 PM PDT by Lurkinanloomin (Natural Born Citizens Are Born Here of Citizen Parents)(Know Islam, No Peace - No Islam, Know Peace)
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To: Yong

Whew, finally an issue that the GOPe isn’t terrified to talk about. If they can’t fight on taxes and inflation, they are even more useless than we thought.


8 posted on 05/09/2021 4:50:45 PM PDT by cdcdawg (You can point out the Left's hypocrisy without accepting their moral premises. )
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To: cdcdawg

Inflation is God’s will. Do you think the po’ folk will turn to the GOP or the government? They’re to paying attention and the rats are being smart. Are we?


9 posted on 05/09/2021 5:01:16 PM PDT by DIRTYSECRET (`)
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To: Yong

Are “low-earning” families a part of his 80+ million voters?IF so, they have no room to complain....they voted for it.


10 posted on 05/09/2021 5:07:00 PM PDT by lgjhn23 (Pray for America....)
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To: Yong

Save us, Kyrsten Sinema!


11 posted on 05/09/2021 5:14:33 PM PDT by babble-on
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To: cdcdawg

Inflation is God’s will. Do you think the po’ folk will turn to the GOP or the government? They’re to paying attention and the rats are being smart. Are we?


12 posted on 05/09/2021 5:32:26 PM PDT by DIRTYSECRET (`)
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To: Yong

Retired folks are the people most impacted by inflation.


13 posted on 05/09/2021 5:36:12 PM PDT by Brian Griffin
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To: Yong

Bidenflation is already robbing poor people living paycheck to paycheck with no appreciating assets.

Bidenflation affects minorities and the lower economic class in a disparate manner.

Therefore, Biden is a racist and only wants to help the wealthy.


14 posted on 05/09/2021 5:55:30 PM PDT by Nathan _in_Arkansas (Shut the deuce up!!! I'll do the fighting!!!)
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