New Government Regulations—and Endless Spending—Will Worsen Inflation
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It may be back: Like the villain of many a slasher movie franchise, Build Back Better is back again and hungry for blood—mostly from your bank account. Congressional Democrats resurrected this bill in new form, complete with price controls and increased spending on Obamacare subsidies.
The “minibus” maxi-spending: On top of the new iteration of Build Back Better, House Democrats are trying to pass a “minibus” bill through Congress that will increase federal spending by $1.7 trillion, which translates to an increased tax and inflation burden of more than $13,000 per household.
The bottom line: It doesn’t take a math professor to figure out that both of these proposed massive increases in government spending, plus the attached economic regulations, will just add fuel to the fire of the inflationary crisis we already face.
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