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President Biden is expected to outline his plan on Tuesday to cut costs for American families and tackle the historic inflation the country faces, while drawing a stark contrast between his administration’s policies and an “ultra- MAGA” which White House officials say would be “devastating” for the middle class.
A White House official said Biden will present his “plan to fight inflation” on Tuesday.
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Inflation figures released last month hit a new four-decade high in March as Russia’s war on Ukraine fueled rapid oil and gas price hikes that wiped out the benefits of rising wages for most Americans.
The consumer price index rose 8.5% in March from a year ago, according to the Labor Department report released Tuesday, marking the fastest rise since January 1982, when inflation reached 8.4%. The CPI, which measures a host of goods from gas and health care to groceries and rents, jumped 1.2% in the January period.
The White House has blamed Russian President Vladimir Putin for record US gasoline prices, even calling the spike “#PutinPriceHike” and promising that Biden will do whatever he can to protect Americans from the ” pump pain”.
Biden last month announced that the Environmental Protection Agency will allow the sale of E15 gasoline – gasoline that uses a 15% blend of ethanol – in the United States this summer in a bid to expand access for Americans to an affordable fuel supply amid the surge. gasoline prices across the country.
A White House official highlighted Biden’s decision to take steps to release 1 million barrels of oil per day from the Strategic Petroleum Reserve over the next 6 months. Biden is also expected to continue to ask Congress to charge companies a fee on unused wells and non-producing acres of federal land, so companies will have to choose whether to start producing or pay a fee.
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The official said the president will also ask Congress to pass “tax credits and investments in clean energy and vehicles” in an effort to reduce US dependence on “autocrats reckless like Putin,” while saving money for families and accelerating “local clean energy innovation.” “
The official said the president will also outline ways to reduce prescription drug and health care costs, lower food prices by helping American farmers, reduce the cost of everyday goods by repairing supply chains and reduce childcare and housing costs.
The White House official also referred to Biden’s decision last month to freeze federal student loan payments and interest rates through August.
“These are just a few examples of what the administration has been doing day in and day out for months to put more money in the pockets of Americans,” the official said. “On the other hand, Republicans love to use inflation as a political talking point, but does anyone have any idea what their plan is to bring prices down? »
The official pointed to a tax plan put in place by Sen. Rick Scott, R-Fla., titled “The 11-Point Plan to Save America,” which proposed raising income taxes on Americans.
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“All Americans would have to pay income tax to get in on the game, even if it’s a small amount,” Scott wrote in the plan. “Currently, more than half of Americans pay no income tax.”
The White House official on Tuesday said “the only plan Republican leaders in Congress have presented is an ultra-MAGA proposal that would raise taxes for 75 million mostly middle-class American families while canceling vital programs like Social Security and Medicare.”
“You can expect the president to explain why this plan might make sense for Mar-a-Lago adherents, but would be devastating for the middle class,” the White House official said.
But Senate Minority Leader Mitch McConnell, R-Ky., shut down the Scott proposal, saying last month that Republicans “will not have on our agenda a bill that raises taxes by half the American people and cut Social Security and Medicare within five years.” years.”
A senior Republican source told Fox News that “income tax hikes are never part of the discussion when Republicans are in charge in Washington.”
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Last week, Biden, speaking from the White House, ripped Scott for his plan saying: “It’s extreme, as most MAGA things are. It will actually raise taxes for 75 million American families.”
Scott denied Biden’s claims, pointing to rising consumer prices as American families grapple with exorbitant prices at the grocery store and at the gas pump.
“Taxes have been steadily going up for Americans…My plan is to cut taxes, but let’s get everybody back to work,” Scott said last week. “I want to fix this country. We need to save this country, not take it down Joe Biden’s horrible path.”
The president, for weeks, has been targeting Republicans, particularly his predecessor, former President Donald Trump, and the “MAGA” movement which he says has taken over the GOP.
Last week, Biden, reacting to the leaked majority draft opinion signaling the Supreme Court’s intention to overturn Roe v. Wade said, “This MAGA mob is truly the most extreme political organization that has ever existed in American history – in recent American history.”
Biden’s comments on ‘MAGA’ come after he said last month that the GOP ‘isn’t your dad’s Republican party’, saying he’s moved to a ‘MAGA party’, warning that right-wing politicians “who know better” are “afraid to do the right thing” for fear of losing a primary election.
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The White House last week also said the president was “struck” by former President Trump’s “grip” on the Republican Party.
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“He was struck by the grip his predecessor seems to have on far too many party members,” White House press secretary Jen Psaki said last week.
Meanwhile, the president prepares for the midterm elections, rolls out endorsements for Democrats, embarks on the campaign trail for fundraisers, outlines his agenda and works to “strengthen the contrast“between his administration and congressional Republicans, a Advisor Biden told Fox News last month.
“Expect more POTUS,” the adviser said, adding that in the months leading up to the midterm elections, the president will be hitting the trail with more trips to speak “directly to the American people both about what we have done and what we are”. Do.”
Part of Biden’s key campaign strategy, the adviser said, will be to “emphasize the contrast” between Democrats and Republicans.
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