POLITICS

A WARNING BY NEWT GINGRICH: Biden’s Hidden Aspect Of The Tax Increase

Former Speaker of the House Newt Gingrich (R) spoke out this week to issue a warning to Americans about Joe Biden’s hidden tax increase.Beware of tax-increases Americans!

Join The True Defender Telegram Chanel Here: https://t.me/TheTrueDefender

Former Speaker of The House of Representatives, Republican Newt Gingrich issued a “warning” explaining just what lies underneath the tax increase following as a reform by Joe Biden and his administration.

“Every American is going to pay higher taxes due to the Biden administration’s policies,” Gingrich wrote in an op-ed for Fox News. “Remember that inflation is a hidden tax. It is a powerful (and often unseen and unstoppable) way for a government to pay for its goods and services without raising visible taxes that make people angry.”

Gingrich went on to quote Warren Buffett, who he described as “the best long-term investor in America,” saying that he has clearly “moved from concerns about unemployment to concerns about inflation.”

“We are seeing substantial inflation,” Buffett said at the annual meeting of Berkshire Hathaway. “We are raising prices. People are raising prices to us, and it’s being accepted.”


This item sells for $39.95 on Amazon. Today's special promotion is offering a massive discount on this item. President Trump 2020 Coin (Gold & Silver Plated) - Claim 1 Free OR Claim a Discount + Free Shipping This coin is a symbol of President Trump's victory and success. Get Coin HERE Or Click on the image below.

He then continued by quoting former Secretary of the Treasury and Ph.D. in economics Larry Summers, who also issued a similar warning about the inflation indicators, and that “all the signs are for inflation starting to break out.”
“We were providing demand well in excess over the next couple of years of any plausible estimate of the economy’s potential to produce, and that meant substantial price increases,” Summers said.

“Inflation will grow because the Biden administration has no other technique for paying for the massive spending its various allies require,” Gingrich added. “The Teachers Unions must be paid off. Government employees must be paid off. Blue states with impossible pension burdens and enormously inefficient bureaucracies and work rules must get money from Washington. Left-wing activists must be given federal money to increase their efforts to radically change America.”

In the end, he concluded,

“We were providing demand well in excess over the next couple of years of any plausible estimate of the economy’s potential to produce, and that meant substantial price increases,” Summers said.

“Inflation will grow because the Biden administration has no other technique for paying for the massive spending its various allies require,” Gingrich added. “The Teachers Unions must be paid off. Government employees must be paid off. Blue states with impossible pension burdens and enormously inefficient bureaucracies and work rules must get money from Washington. Left-wing activists must be given federal money to increase their efforts to radically change America.”

Join Now
Source
lifezette.comfoxnews.comnewstral.com

Ava Garcia

A small town girl, dreaming big, expecting to change the world with presenting the truthful events of the world today. Law degree with a master in criminology, and a devoted journalist for over 7 years, and counting. "The pen is mightier than the sword."

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

For continue reading on the site please disable the Ad-block