Business

Biden admin shifts blame onto retailers for inflation

Published

2 years ago

August 4, 2024

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South Carolina Republican Nancy Mace discusses lack of evidence for the Biden admin’s attempt to place blame on retailers for inflation.
#FoxBusiness #EveningEdit

…
NANCY MACE: American jobs will go overseas because of the taxes that are coming because of the infrastructure bill and whenever Build Back Better passes. Many American jobs will go overseas and elsewhere, we’ll have one of the highest, the highest corporate tax rates in the world. So I just don’t know what he expects to have happen. But he’s making all of our inflation woes worse. Energy is going up, as you said, the price of gasoline, groceries and for the working family, when inflation is at what, 6.2 percent for the year. Wages have gone up 3 percent if that. American wages and salaries cannot keep up with the cost of goods.
…

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