Biden says combating inflation and rising costs is his top domestic priority : NPR


President Biden laid out his plan to tamp down on inflation and rising prices in a speech on the White Home Tuesday.

Manuel Balce Ceneta/AP

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Manuel Balce Ceneta/AP

President Biden laid out his plan to tamp down on inflation and rising prices in a speech on the White Home Tuesday.

Manuel Balce Ceneta/AP

President Biden mentioned preventing inflation is his “prime home precedence” in an financial speech on the White Home Tuesday morning and laid out his administration’s plans to decrease costs on issues like gasoline, which has hit a record-high cost.

Biden’s remarks additionally focused what he referred to as “ultra-MAGA” Republicans. His sharpened assaults in opposition to the GOP are a part of the administration’s effort to attract a distinction with how Republicans are planning to deal with inflation and rising prices, points which can be top-of-mind for voters forward of the midterm elections this yr.

“Republicans have provided loads of blame,” Biden mentioned of gasoline costs, “however not a single answer to really deliver down the power costs.”

The president mentioned that whereas the pandemic and Russian President Vladimir Putin’s invasion of Ukraine have contributed to inflation, lack of competitors and inhibited entry to supplies is why costs have continued to go up.

“Capitalism with out competitors is not capitalism, it is exploitation. So we’re selling competitors for every part from web companies to meat processing,” Biden mentioned.

“All of my plan is concentrated on reducing prices for the typical household in America, to offer them just a bit little bit of respiratory room,” he mentioned. The president, nonetheless, didn’t supply a timeline on when prices would possibly begin to go down.

Biden’s remarks are a part of a collection of occasions this week the place the president will proceed to speak about reducing prices. On Wednesday, the president will journey to Illinois to go to a household farm and speak about meals costs. He can even deal with {the electrical} staff on the IBEW conference in Chicago.

White Home is concentrating on GOP’s ‘ultra-MAGA’ messages

In his speech, Biden not solely laid out his personal agenda however repeatedly criticized Republicans’, namely one from Republican Senatorial Marketing campaign Committee Chairman Sen. Rick Scott of Florida. He charged that the GOP’s “ultra-MAGA” plan will increase taxes on People and provides tax cuts to billionaires.

“They do not need to clear up inflation by reducing your prices, they need to clear up it by elevating your taxes and reducing your revenue,” Biden mentioned.

He pointed particularly to Scott’s plan that asks each American to pay revenue tax. Presently, about half of People don’t earn sufficient cash to pay revenue taxes.

“If you happen to take a look at what we have been doing the previous couple of years is we’re paying folks to not work,” Scott told NPR in March. “We have those that have voted for presidency applications that might go work and are not working. I am not elevating the tax fee. I am not even elevating their taxes. I am saying we bought to get these folks to work so that they’re a part of the system.”

Biden referred to as Scott’s plan is a part of the “ultra-MAGA agenda.”

“Republicans in Congress are so deeply dedicated to defending large companies and CEOs that they’d relatively see taxes on working American households and attempt to depress their wages than to tackle inflation,” Biden mentioned.

Biden additionally attacked Scott’s proposal to permit laws to run out each 5 years until Congress renews it, which might put laws like Social Safety, Medicare and Medicaid up for a vote. The president referred to as it “outrageous.”

Inflation will dominate the midterm elections

Celinda Lake, a pollster who works with Democratic candidates, tells NPR that inflation shall be a significant level for voters within the midterm elections, however that folks will begin cementing their views on it in Might and June.

She mentioned it is necessary for Democrats to acknowledge inflation is an issue and repeatedly give assurances that they’re doing every part that may be achieved on a number of fronts, on the chief and legislative ranges, to decrease costs. She additionally mentioned it is necessary to level out that Republicans stand in the way in which of these efforts.

“Individuals don’t know what the boundaries are to these insurance policies being carried out. It’s totally, crucial to say that one of many issues that is an issue right here is that Republicans are usually not becoming a member of us,” Lake mentioned.

Lake says that proper now, voters assume Republicans are higher on inflation, so Democrats must some catching as much as do.


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