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    Inflation is taxing the low, middle income


    June 22, 2022 - Staff Writer

     

      Inflation rages. Probably a true 12%-15%. It is a tax that especially hits low- and middle-income families. President Biden said he would tax the rich instead his inflation is taxing you.

      This inflation spiral all began when the president started his actions against fossil fuel production. Fuel cost affects everything - gas prices, natural gas and electricity, food and all products transported. The price of a barrel of oil has tripled since President Biden was elected. Some experts say food costs will rise over 20% this year due to fertilizer and diesel costs to farmers..

      Biden's claims he is doing everything to fight inflation. Biden has cancelled the Keystone Pipeline, shut down Anwr (the major development for oil in Alaska) and his administration instituted a multitude of regulations restricting the production and flow of oil. He encouraged restriction of banking for oil companies and he said he would kill the oil industry. That's why you are paying this enormous tax. You are hostage to the climate people who hold Biden hostage. You will pay over $5,000 this year and maybe $10,000 next year to support a cause leading to disaster.

      Inflation only comes down when oil prices come down.

      Until Americans stand up and demand this change the inflation tax will rage on. Perhaps we need a three-day nationwide trucker strike demanding opening up oil.

      Dorane Strouse

      Homosassa

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