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SINCE PRESIDENT BIDEN AND KAMALA HARRIS TOOK OFFICE IN JANUARY 2021, AMERICANS HAVE FACED INCREASINGLY HIGHER PRICES FOR FOOD, GASOLINE, ENERGY AND COMMON HOUSEHOLD ITEMS,

 

AND WHILE PRICES HAVE BEEN GOING UP, WAGES HAVE BEEN GOING DOWN, PLACING ADDITIONAL STRESS ON FAMILY FINANCES.

2021

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Signed the American Rescue Plan for $1.9 Trillion

MARCH

Biden & Harris sworn in

JANUARY

Fox Business: Business Panel Slam Biden's 'Awful' Inflation Numbers

MAY

“Reuters: U.S. Consumer Inflation Rises Fastest In Nearly 13 Years”

JUNE

SEPTEMBER

OCTOBER

Authorized infrastructure investment of $1.2 trillion total over a decade. The CBO estimated this would add $250 Billion to the deficit.     

Economists said the $5 trillion in government stimulus spending in the United States during 2020 and 2021 was disproportionately large compared to that of other countries and was a significant contributor to domestic inflation.

NOVEMBER

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"Rapid Inflation Fuels Debate Over What's to Blame: Pandemic or Policy."

The New York Times, 1/22/22

DECEMBER

Signed bill raising the national debt limit by $2.5 trillion and extended it into 2023.

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Bloomberg: U.S. Inflation Rises at Fastest Annual Pace Since 1981

APRIL

“ABC News: Inflation rising at fastest rate in 40 years”

FEBRUARY

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2022

APRIL

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MAY

JUNE

Inflation hits 9.1%.

CNBC: Inflation Rises 8.6% In May From A Year Ago, Higher Than Expectations

ABC NEWS: Inflation rises to 4-decade high

JULY

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Signed Inflation Reduction Act

A Goldman Sachs report projects the myriad of green subsidies will cost $1.2 trillion—more than three times what the law’s supporters claimed

The bill included more than $450 billion in tax increases

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AUGUST