Video Resurfaces of Biden Campaign Promise: ‘Standard of Living Go Up and Your Costs Go Down’
A video of then-candidate Joe Biden vowing on the campaign trail that costs for consumer goods would not go up has been resurfaced as inflation has increased at the fastest pace since 1990. During a campaign event in…
A video of then-candidate Joe Biden vowing on the campaign trail that costs for consumer goods would not go up has been resurfaced as inflation has increased at the fastest pace since 1990.
During a campaign event in October 2020, Biden said, “None of you will have your taxes raised. Anyone making less than $400,000 will not see a penny in taxes raised.”
“You’ll actually see your standard of living go up and your costs go down,” he added.
Watch the video below:
The video was resurfaced after the latest data from the Labor Department found that the consumer-price index, a measure of the prices consumers pay for goods and services, rose at its faster annual pace since 1990.
In the past 12 months, prices rose 6.2%, and October marked the fifth month in a row that inflation was over 5%.
Without food or energy prices, the consumer-price index rose 4.6%, which was the highest rate since 1991.
CNN reports,