Officials in the Congressional Budget Office (CBO) have released reports that squarely place the rate of inflation on President Biden’s stimulus efforts during the height of the COVID-19 Pandemic.

The CBO notes that President Biden is culpable for the record-high inflation creating undue pressure on America’s workforce in its latest annual report. The nonpartisan CBO report also says that Biden’s preferred fix, increasing taxes, will worsen the economy.

The CBO’s annual economic outlook squarely blames Biden’s 2021 COVID stimulus bill for today’s high inflation. The report notes that the stimulus checks sent to Americans in 2021 significantly boosted demand, causing inflationary pressure.

[link to www.thegatewaypundit.com (secure)]

[link to www.cbo.gov (secure)]