Newt Gingrich Audio Update: Biden’s Hidden Tax and Impending Stagflation

Biden’s hidden taxes will lower the standard of living for all Americans and push us closer to Jimmy Carter-style stag-flation. These hidden taxes will be disastrous for our economy and Americans are starting to notice.

An amazing report this morning found that consumer prices in April rose the most since 2009, and the core consumer price index rose 0.9 percent since March — the biggest increase since 1982. I think this is a real warning sign of what I described as President Biden’s “hidden tax.” Every single person pays it, and it’s going to reduce Americans’ standard of living. We could be on the edge of a Jimmy Carter-style stag-flation.  

– Newt

The report can be read here.

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