WASHINGTON — President Joe Biden blamed high inflation on pandemic disruptions to the economy and Russia’s invasion of Ukraine, acknowledging that rising prices are “hurting” American families ahead of the November midterms.
In remarks at the White House on Tuesday, Biden again criticized Republican tax and economic proposals, saying his plans to fight inflation will lower costs while the GOP seeks to raise taxes on many Americans and “let companies off the hook.”
Biden said that his economic policies had helped slash unemployment and raise wages and that his administration was considering dropping Trump-era tariffs to combat rising prices.
