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Facts First: Biden’s claim that the inflation rate was 9% when he became president is not close to true. The year-over-year inflation rate in January 2021, the month of his inauguration, was ...
According to the consumer price index—the most common measure of U.S. inflation—the annual rate of inflation was only 1.4 percent in January 2021, the month Biden was sworn into office ...
Fact check: Did Biden inherit 9% inflation? “He also said he inherited 9% inflation. Now, he inherited almost no inflation, and it stayed that way for 14 months, and then it blew up under his ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
📈 Key takeaways on Trump and Biden’s economic records. Inflation: Prices have risen 19.3% since Biden took office, almost four times faster than the 5% increase three years and five months ...
The Inflation Reduction Act of 2022 ( IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16 ...
The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics ), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals ...
In fact, his presidential salary is $400,000 per year; the joint tax filings of President Biden and first lady Jill Biden showed $619,976 in income last year, $579,514 in 2022 and $610,702 in 2021.