You might think that electing Democrats would be wonderful for the poor. You’d think that, because Democrats are always talking about the poor people and how much they want to help them. And how will they help them? By taxing and regulating businesses. And what do the businesses do? They pass the higher taxes and fees onto the consumers, of course.
The Tennessee Star explains:
The Bureau of Labor Statistics released data Tuesday showing a sharp increase in consumer prices, especially gasoline, as many Americans struggle to make ends meet.
March saw a 0.6% increase in consumer prices, the largest spike in nearly a decade. That increase can be attributed in large part to a rise in inflation.
However, increased inflation, a rise in demand for crude oil, and the Biden administration’s proposed new taxes and regulatory measures could send gas and energy prices soaring even higher in the months to come, critics contend.
In March, gasoline prices rose 9.1% and natural gas rose 2.5%, contributing to an overall increase of 5% for energy costs last month. For the year, food prices are up 3.5%, gasoline prices are up 22.5%, and overall energy prices are up 13.2%.
The rise in costs come as many Americans struggle financially during the COVID-19 pandemic and President Joe Biden considers tax increases and more regulations that critics say would slow economic growth.
During a Monday meeting with lawmakers, Biden reportedly expressed openness to adding five cents to the federal gas tax, which would be a 27% increase over the current 18.4 cents.
And this is the key point about gas prices going up:
The increase in energy prices, particularly gasoline, leads to an overall spike in the price of consumer goods. When drivers spend more on gasoline to transport goods to market, that cost is passed on to consumers.
Who suffers the most from higher gas prices? And who suffers the most from the effect of higher gas prices on other consumer goods? It’s not the wealthy elites who vote for Democrats. It’s the people who are barely getting by. When you cancel pipelines, and raise corporate tax rates, you raise the prices that individuals pay for basic necessities of life. If was TRUMP who lowered corporate tax rates, and TRUMP who pursued an all-of-the-above energy policy. That’s why we had jobs and that’s why we had low gas prices.
Next time we have an election, let’s focus on policies, instead of telling everyone how good we are, because we disagree with mean men who write mean tweets.