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Huge spending under former President Donald Trump is not a major factor in rising inflation, as Republicans are attacking President Biden and Democrats on the issue on Tuesday prior to the midterm elections. Said.
According to the Manhattan Institute, the projected cumulative federal deficit from 2017 to 2027 was $ 10 trillion when Trump took office. But that forecast for the same period had increased to $ 13.9 trillion by the time he left.
Fox News Digital asked Republican lawmakers and former Trump officials if they think either of them contributed to inflation. But they blamed Biden for it.
“This is a fuss. Inflation was 1.7% in February 2021,” said Jason Smith, a top Republican member of the House Budget Committee. “It was the first full month of the Biden administration. When they passed the US rescue program in March, a $ 2 trillion bill that was supposed to beat COVID was directed at COVID.”
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“The administrations of President Trump and Vice President Pence spent money on COVID while COVID culminated and rioted the country and the world before the Trump Pence forced vaccine was available to people,” said former Trump. Advisor Kellyanne Conway added.
Conway also advertised the economic benefits of tax cuts enacted under the former president, which the Democratic Party has criticized for inflation.
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Consumer price index rose 9.1% For the past 12 months, it has squeezed Americans paying for everyday items, from gas to groceries. It has become a major election issue for Republicans, especially after the Democrats and the White House have downplayed or dismissed inflation concerns for much of the past year.
And, despite some Democrats blaming spending under Trump, Republicans say the real blame for inflation lies in Biden and the White House’s $ 1.9 trillion coronavirus rescue package.They say the bill has been extended Strengthening unemployment allowance He poured billions of dollars into other government programs and flooded the economy with money when the country was facing a supply chain crisis.
Inflation surged 9.1% in June, accelerating faster than expected and hitting a 40-year high
Republican Rep. Byron Donalds said, “They created an artificial labor shortage because they paid people to stay home.” “So they paid people to stay home, [those people] I still had money to spend, but not enough people were working to actually make the product to meet the demand from all the money released. ”
Most Republicans quickly blamed Biden, but others admitted that Washington’s culture made it difficult to attempt to control federal spending.
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“We should stop spending money we don’t have,” said Republican Rep. Chiproy. “Both parties are completely 100% in trouble. There is no division. Republicans are hiding behind defense and Democrats are hiding behind social welfare and social welfare.”
But Roy added that no one is in a position to criticize this topic given that the Democratic Party is trying to get through trillions of party-line spending packages. He also said that the Democratic Party is fully responsible for energy prices, given the Democratic Party’s policies since Biden took office.
“It’s full of crap that the Democrats are pushing back and trying to blame Trump and the Republicans,” he said.