Democrats are in denial about how their policies have fueled 40-year high Biden-Flation and continue to try to pass the buck for higher prices. Worse, they are promising to make matters worse, with their plans for crippling tax hikes and more inflationary spending.
Here are a few misleading claims that were repeated during the Ways and Means Committee hearing on President Biden’s FY2023 Budget.
READ: WRAP-UP: President Biden’s Budget Proposes More Tax Increases That Cripple the Economy
READ: Brady: Under President Biden, Life is Harder for American Families and Small Businesses
FALSE CLAIM: Democrats’ $2 trillion “stimulus” only modestly contributed to inflation.
FACT: Democrats $2 trillion so-called “stimulus” prolonged unemployment and stoked inflation, despite warnings from former Obama-Biden Administration officials like former Director of the National Economic Council Larry Summers and former Chairman of the Council of Economic Advisers Jason Furman. (In fact, Furman attributes at least 2.5 percent of current inflationary pressure to the massive bill.)
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https://gop-waysandmeans.house.gov/fact-check-treasury-downplays-biden-polici...