President Biden Provides Update On Rising Inflation Costs—“I’m Doing Everything I Can”

The previous few months has seen the price of virtually every thing rising, as extra Individuals than ever are struggling to search out methods to remain afloat—however President Biden needs everybody to be affected person. President Biden took to social media to guarantee Individuals that he’s doing every thing he can to fight inflation and convey down gasoline and meals prices.

Posting to his official Twitter account, President Biden wrote the next message earlier at the moment:

“I’m doing every thing I can to blunt the Putin Value Hike and convey down the price of gasoline and meals. I led the world to coordinate the most important launch from international oil reserves in historical past, and I’m working to get 20 million tons of grain out of Ukraine to assist carry down costs.”

In a further tweet, he added “The worth of gasoline is up by nearly $2 a gallon since Putin accelerated his navy build-up, and people excessive costs pose a problem for working households. Right this moment, I’m calling on Congress to droop the federal gasoline tax for 3 months to offer Individuals some much-needed aid.”

The decision from President Biden for the 3-month suspension of federal gasoline and diesel taxes would save Individuals roughly 3.6% on the pump with costs averaging about $5 a gallon nationwide. He’s additionally urged state legislators to droop their very own gasoline taxes or present the same aid choice, attributable to state gasoline taxes operating a mean of 30 cents on the gallon.


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