OPINION: Inflation is accelerating under Biden and it's a tax no American voted for
FOX Business' Cheryl Casone reports on the latest inflation data, which showed another jaw-dropping figure as the war between Russia and Ukraine sent oil and gas prices spiraling higher in March.
It also leaves out of the narrative that Biden’s disastrous energy policies have hamstrung our domestic oil, coal, and natural gas production. We went from energy independence and energy dominance to energy begging. Biden would rather get oil from Moscow than Midland, Texas. Since Biden took office, the real value of the average American’s earnings has collapsed, falling 4.5% in little more than a year. This is the equivalent to losing $2,445 a year, and that’s why inflation is a ‘hidden tax.’
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