Trump: Skyrocketing Gas Prices Will Be Worse Than Biden's Big Tax Hike
Biden's agenda is bad for the economy
Since Donald Trump left office, gas prices have continued to rise across the US, which could be much worse than Biden's tax increase, he warned.
As of Wednesday, the average price of a gallon of regular, unleaded gasoline was $2.879 per gallon, already up 14 percent from February, according to the American Automobile Association.
This time last year, when Trump was in office, the average price was $2.237.
This means the gas prices have already risen 28.7 percent since March 2020.
Trump warned the Biden agenda is bad for the economy.
“We were the envy of the world, and then when we got hit by the as I call it the China virus, COVID, it was, it obviously went down along with every other economy,” Trump said.
“And then we were the first to get it back up,” Trump added.
“So it was incredible what we were able to do,” Trump said.
“If you look at the jobs numbers, we had the all-time highest number of jobs; we had 160 million people working. We were never close to that,” he said.
“Now, when I look at what’s happening, we were energy independent. Very shortly, we will no longer be energy independent.”
“Gas prices are going up at a far more rapid rate than anybody has seen in a long time."
"We had gas prices very low, and yet we had more energy jobs than we’ve ever had."
“But, you know, when you see gas prices going up — and they will be going up by $1, $2, $3 — if you look at that, and you know, that’s bigger than a tax increase."
“To the consumer, you get a dollar increase in gasoline, that is bigger than a take hike, than a big tax hike. So, it’s a terrible thing that is happening.”
“And then let’s talk about tax hikes,” the former president said.
“They’ll be raising taxes at the highest number that we have ever seen. It will be the biggest tax increase in the history of our country to pay for everything.”
Earlier this week, Neon Nettle reported Biden was preparing to follow up on his controversial COVID-19 stimulus bill with the “first major federal tax hike” in almost thirty years.
Bloomberg News reported:
“Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, won’t rely just on government debt as a funding source."
“While it’s been increasingly clear that tax hikes will be a component — Treasury Secretary Janet Yellen has said at least part of the next bill will have to be paid for and pointed to higher rates — key advisers are now making preparations for a package of measures that could include an increase in both the corporate tax rate and the individual rate for high earners.”