Joe Biden’s Version of ‘Build Back Better:’ Rising Inflation, Massive Tax Hikes, and Unprecedented Federal Spending

During a speech in Cleveland yesterday, Joe Biden told the American people, “I committed to an approach of building an American economy, a different economy, to build back better.”

A “different” economy is exactly what Americans are getting.

Four months into Biden’s presidency, the cost of everyday goods is spiking at historic rates, there are still 8 million fewer jobs than before the pandemic, and now the Biden administration is pushing for World War II-era levels of spending that would put the country further into debt.

Joe Biden’s stifling economic policies are squandering the recovery he inherited and hard-working Americans are paying the price.

According to a new report from the New York Times, prices are rising “at the fastest pace since 2008,” putting inflation at the center of the White House’s latest economic concerns.

New York Times: “The Bureau of Economic Analysis’ personal consumption expenditure inflation measure climbed 3.6 percent in April from the prior year — the strongest reading in 13 years and more than the 3.5 percent gain that economists in a Bloomberg survey had expected.”

This comes after a dismal April jobs report, where the number of jobs gained last month fell far below expectations and the unemployment rate increased.

Meanwhile, the Biden administration is pushing for even more spending — on the taxpayer’s dime — as they unveil their $6 trillion budget. According to the New York Times, the plan would “take the United States to its highest sustained levels of federal spending since World War II” as Democrats attempt to move their tax-and-spend infrastructure packages, social justice initiatives, and job-killing energy policies forward.

New York Times: “The levels of taxation and spending in Mr. Biden’s plans would expand the federal fiscal footprint to levels rarely seen in the postwar era to fund investments that his administration says are crucial to keeping America competitive. That includes money for roads, water pipes, broadband internet, electric vehicle charging stations and advanced manufacturing research. But it also envisions funding for affordable child care, universal prekindergarten and a national paid leave program — initiatives that Republicans have balked at bankrolling.”

Whitney Robertson, Deputy Press Secretary at America Rising PAC: “The latest economic downfalls make one thing very clear: Democrats’ policies are bad for Americans. Budget-busting levels of spending that put our nation further into debt and increase the prices of everyday goods as people continue to recover from the pandemic is the exact opposite of building back better.”