| Just days after new polling showed voters trust Vice President Harris more than Donald Trump on the economy, today’s strong CPI report shows core annual inflation is the lowest it’s been in over three years – reaffirming the Biden-Harris administration’s record of delivering on their promise to lower costs and bolster the economy from the bottom up and middle out so that every American family can thrive.
Just this week, the Biden-Harris administration also announced their new “Time is Money” government-wide initiative that will crack down on greedy corporations’ scams and tricks that pad their profits at the expense of hardworking Americans’ time and money. This is the latest action the administration has taken to combat corporate greed and price gouging, including work to take on credit card companies and Big Pharma and slash junk fees for countless Americans. Meanwhile, congressional Republicans want us to go backward, siding with union-busting CEOs and special interest lobbyists over working Americans.
The Biden-Harris administration is working to lower inflation and drive down costs for hardworking Americans, and voters are noticing:
Heather Long, Washington Post: “I just keep staring at this chart. Inflation below 3% for the first time since March 2021! Core inflation drops to 3.2% –>lowest since April 2021.”
Washington Post: “Inflation dropped in July to its lowest level in three years on an annual basis, setting up the Federal Reserve to cut interest rates soon to take pressure off the economy.”
A new poll finds that voters trust Vice President Harris more than Trump on the economy.
Axios: “Voters trust Harris more than Trump on economy: poll”
The Hill: “More voters say they trust Vice President Harris to handle the economy than they do former President Trump, according to a poll released Monday by the Financial Times and the University of Michigan Ross School of Business.”
This week, the Biden-Harris administration is launching “Time Is Money,” a new government-wide effort aimed at cracking down on greedy corporations’ scams and tricks that pad their profits at the expense of hardworking Americans’ time and money.
White House Fact Sheet: “Today, President Biden and Vice President Harris are launching “Time Is Money,” a new government wide effort to crack down on all the ways that corporations—through excessive paperwork, hold times, and general aggravation—add unnecessary headaches and hassles to people’s days and degrade their quality of life.
“Americans are tired of being played for suckers, and President Biden and Vice President Harris are committed to addressing the pain points they face in their everyday lives. The Administration is already cracking down on junk fees—those hidden costs and surcharges in everything from travel to banking services—that hit people in their pocketbooks. Now the Biden-Harris Administration is taking on the corporate practice of giving people the run around, wasting their precious time and money.”
JD Vance and Donald Trump’s Project 2025 agenda includes giving handouts to the ultra-wealthy and big corporations while leaving behind hardworking Americans again.
Vanity Fair: “Donald Trump Wants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term: Report”
Trump: “You’re all people that have a lot of money … You’re rich as hell. … We’re gonna give you tax cuts.”
CBS News: “Two years after Trump tax cuts, middle-class Americans are falling behind”
The Guardian: “Donald Trump’s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.”
Axios: “Sixteen Nobel prize-winning economists are jumping into the presidential campaign with a stark warning: Former President Trump’s plans would reignite inflation and cause lasting harm to the global economy if he wins in November.” |
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