$1 at Start of Biden’s Term Now Worth 88 Cents as Inflation ‘Crushing’ Americans: Sen. Johnson
Sen. Ron Johnson (R-Wis.) illustrated in a statement on Sept. 20 how soaring inflation has eroded Americans’ purchasing power, pointing out in stark terms that $1 at the start of the Biden administration is now effectively worth just 88.3 cents.
Johnson, who’s been a repeated vocal critic of President Joe Biden’s handling of the economy and Democrats’ big spending bills, took to Twitter on Sept. 20 to criticize the impact of red-hot inflation on American households.
“Let this sink in: $1.00 at the start of the Biden administration is now worth $0.88. This is the Democrats’ tax on the middle class, and it’s crushing all Americans,” Johnson wrote….