Biden to outline 'plan to tackle inflation,' draw contrast between his administration and 'ultra-MAGA' plans

  • by:
  • Source: Fox News
  • 05/11/2022
President Biden on Tuesday is expected to outline his plan to lower costs for American families and tackle the historic inflation facing the nation, while drawing a stark contrast between his administration’s policies and an "ultra-MAGA" proposal that White House officials say would be "devastating" for the middle class.

A White House official said Biden will lay out his "plan to tackle inflation" on Tuesday.

Inflation numbers released last month revealed a new four-decade high in March as Russia's war on Ukraine fueled rapid price gains for oil and gas 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 increase since January 1982 when inflation hit 8.4%. The CPI, which measures a bevy of goods ranging from gasoline and health care to groceries and rents, jumped 1.2% in the period from January.

The White House has blamed Russian President Vladimir Putin for the record-high gas prices in the U.S., even coining the surge as the "#PutinPriceHike" and vowing that Biden will do everything he can to shield Americans from "pain at the pump."
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