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South Carolina Republican politician Nancy Mace discusses lack of proof for the Biden admin's effort to position blame on sellers for rising cost of living.
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NANCY MACE: American tasks will go overseas as a result of the tax obligations that are coming due to the facilities costs and also whenever Build Back Better passes. Several American jobs will go overseas and also elsewhere, we'll have among the highest, the highest possible corporate tax rates in the world. So I just don't know what he expects to have happen. But he's making all of our rising cost of living troubles worse. Energy is increasing, as you stated, the price of gas, grocery stores as well as for the working family, when rising cost of living goes to what, 6.2 percent for the year. Wages have actually gone up 3 percent if that. American salaries and salaries can not stay up to date with the price of goods.
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Biden admin shifts blame onto retailers for inflation
South Carolina Republican Nancy Mace discusses lack of evidence for the Biden admin's attempt to place blame on retailers for inflation.
#FoxBusiness #EveningEdit
...
NANCY MACE: American jobs will go overseas because of the taxes that are coming because of the infrastructure bill and whenever Build Back Better passes. Many American jobs will go overseas and elsewhere, we'll have one of the highest, the highest corporate tax rates in the world. So I just don't know what he expects to have happen. But he's making all of our inflation woes worse. Energy is going up, as you said, the price of gasoline, groceries and for the working family, when inflation is at what, 6.2 percent for the year. Wages have gone up 3 percent if that. American wages and salaries cannot keep up with the cost of goods.
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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
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