With prices rising faster than paychecks and causing major financial strain for American families, the Biden Administration proposed more government spending including Biden Bucks “gas cards” sent by the IRS.
- Even some Democrat officials worry Biden Bucks “gas cards” could “worsen inflation” without lowering costs, according to Axios.
READ: FACT CHECK: The Real Reason Behind High Energy Costs
- Economic experts have already cited Democrats’ existing policies like monthly stimulus checks and unemployment bonuses have increased inflation, and discouraged Americans from returning to work.
READ: Even Biden’s Favored Economic Forecaster Doubts Dems’ ‘Fix’ for Bidenflation
- This would also add more to the IRS’s mission, when other new initiatives led to the agency’s backlog of more than 20 million tax returns.
READ: Burden of IRS Backlogs Falls on American Taxpayers
If Democrats wanted to get serious about addressing 40-year high inflation and the skyrocketing price of gas, then they should:
- Abandon their plans for more spending and crippling tax hikes on Main Street businesses and working families;
- Unleash domestic energy production by easing regulations;
- End the Biden Administration’s trade moratorium to sell more American goods overseas.