Biden 20 Percent Inflation Tax Costs American Families Over $17,000 Per Year
June 28, 2024
June 28, 2024
WASHINGTON, June 28 -- Rep. Jodey Arrington, R-Texas, chairman of the House Budget Committee, issued the following news release:
Today the Bureau of Economic Analysis (BEA) reported that the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred measure of inflation, was 2.6 percent for the month of May. Since President Biden took office, prices have increased 19.3 percent. This means that the average family of four is paying an additional $17,080 per y . . .
Today the Bureau of Economic Analysis (BEA) reported that the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred measure of inflation, was 2.6 percent for the month of May. Since President Biden took office, prices have increased 19.3 percent. This means that the average family of four is paying an additional $17,080 per y . . .