{"id":349452,"date":"2021-10-07T05:34:34","date_gmt":"2021-10-07T02:34:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/this-is-a-tax-you-pay-for-biden-and-dems-reckless-spending\/"},"modified":"2021-10-07T05:34:34","modified_gmt":"2021-10-07T02:34:34","slug":"this-is-a-tax-you-pay-for-biden-and-dems-reckless-spending","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/this-is-a-tax-you-pay-for-biden-and-dems-reckless-spending\/","title":{"rendered":"#This is a tax you pay for Biden and Dems\u2019 reckless spending"},"content":{"rendered":"<p>&#8220;<strong>#This is a tax you pay for Biden and Dems\u2019 reckless spending<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>$175 a month.\u00a0<\/p>\n<p>That\u2019s the hidden tax the average American household is paying for the Biden economy.\u00a0<\/p>\n<p>Some of this is indeed \u201ctransitory,\u201d as Federal Reserve officials like to say. The COVID-19 pandemic did a number on supply chains around the world. Workers in Taiwan couldn\u2019t make semiconductors at home, for instance, and are now racing to catch up with worldwide demand. That demand drives up the prices of cars, electronics and more.\u00a0<\/p>\n<p>But President Biden and Democrats have exacerbated the problem. They extended unemployment bonuses for months, keeping millions out of the workforce and flooding the economy with cash. Eight million are out of work, even as there are 10 million job openings.\u00a0<\/p>\n<p>Just pay employees more, say the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>ati. But when you\u2019re a small business already squeezed by the rising costs of goods, taxes and ever-changing government COVID regulations, how can you possibly succeed? The only way is raising prices. It\u2019s all become a feedback loop that hits your grocery bill.\u00a0<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Now is the time for the government to step back and let the economy find normalcy again. Suppliers get back up and running, people return to jobs, prices stabilize.\u00a0<\/p>\n<p>Except that\u2019s not what Biden is doing. He wants to spend another $5 trillion, as if the economic laws of inflation don\u2019t exist anymore. All that government money will drive up prices even more.\u00a0<\/p>\n<p>And take just one proposed program: A $6.8 billion initiative to give low-income, first-time home owners up to $20,000 for a down payment. Not a loan \u2014 free money. As demand increases even more than today, the price of homes \u2014 and then of rents \u2014 will skyrocket nationwide. Not our problem! say the Democrats. Nothing spending even more money down the road can\u2019t solve.\u00a0<\/p>\n<p>Biden likes to argue that the tax increases to pay for all this spending will hit only the rich. But inflation is a tax, a merciless one that\u2019s already hitting Americans hard.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/biden-inflation-tax-876.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Average Americans are spending over $150 a month extra under current inflation rates.\" class=\"wp-image-19722916\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/biden-inflation-tax-876.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/biden-inflation-tax-876.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/biden-inflation-tax-876.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Average Americans are spending over $150 a month extra under current inflation rates.<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/biden-inflation-tax-872.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Unemployment benefits from the federal government were extended into 2021.\" class=\"wp-image-19722918\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/biden-inflation-tax-872.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/biden-inflation-tax-872.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/biden-inflation-tax-872.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Unemployment benefits from the federal government were extended into 2021.<\/figcaption><figcaption><span class=\"credit\">Michael Conroy, File\/AP<\/span><\/figcaption><\/figure>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/10\/06\/the-post-says-this-is-a-tax-you-pay-for-biden-and-dems-reckless-spending\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#This is a tax you pay for Biden and Dems\u2019 reckless spending&#8221; $175 a month.\u00a0 That\u2019s the hidden tax the average American household is paying for the Biden economy.\u00a0 Some of this is indeed \u201ctransitory,\u201d as Federal Reserve officials like to say. The COVID-19 pandemic did a number on supply chains around the world. Workers&#8230;<\/p>\n","protected":false},"author":1,"featured_media":349453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/10\/newspress-collage-19722739-1633572409526.png?w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[117106,10701,43,70865,70551,991,46483],"class_list":["post-349452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-6-21","tag-democrats","tag-editorial","tag-government-spending","tag-inflation","tag-joe-biden","tag-taxes"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/349452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=349452"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/349452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/349453"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=349452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=349452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=349452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}