Friday, May 14, 2021

Biden's Hidden Tax Increase; ‘People Hit The Hardest Are The Poor’: Newt Gingrich Says American’s Will Notice Biden’s ‘Hidden Tax’

AP Photo/Evan Vucci
Biden's hidden tax increase
President profoundly misleads Americans since his spending, as hidden taxes, will raise the price of everything
Every American is going to pay higher taxes due to the Biden administration’s policies.
Remember that inflation is a hidden tax. It is a powerful (and often unseen and unstoppable) way for a government to pay for its goods and services without raising visible taxes that make people angry.
Warren Buffett is widely regarded as the best long-term investor in America. He clearly has moved from concerns about unemployment to concerns about inflation.
“We are seeing substantial inflation,” Mr. Buffett said at the annual meeting of Berkshire Hathaway. “We are raising prices. People are raising prices to us, and it’s being accepted.”
Mr. Buffett’s private sector experience is reinforced by former Secretary of the Treasury and Ph.D. in economics Larry Summers, who warned during a forum that inflation indicators were “flashing red alarm” and that “all the signs are for inflation starting to break out.
“We were providing demand well in excess over the next couple of years of any plausible estimate of the economy’s potential to produce, and that meant substantial price increases,” Mr. Summers said. --->READ MORE HERE
‘People Hit The Hardest Are The Poor’: Newt Gingrich Says American’s Will Notice Biden’s ‘Hidden Tax’:
Former House Speaker Newt Gingrich said Sunday that Americans will notice what he called President Joe Biden’s “hidden tax” and predicted the country is “on the edge of a massive inflation.”
“So every person who hears us today, when you go out to fill your gas tank and you notice that you’re getting less gasoline per dollar, that’s a Biden hidden tax,” Gingrich told Fox News’ “Sunday Morning Futures.”
“It will happen with electricity. It’s going to happen with food across the board. We are on the edge of a massive inflation and the Democrats’ answer is print even more money so they get a bad job’s number on Friday and they are saying immediately, ‘Oh, we need to spend another couple of trillion,’ which is exactly the wrong solution if you want the economy to be healthy,” Gingrich said. --->READ MORE HERE

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