Birdwatch Note Rating
2023-06-13 16:32:16 UTC - HELPFUL
Rated by Participant: 078B5B724B3B144230485C9A5F290453633645E4A17ECB18156C01F88418E1CD
Participant Details
Original Note:
NNN. Inflation is not a tax the federal government collects, it's a rise in prices combined with a decrease in spending power. Inflation does not make Biden's claim wrong, as he does not plan to increase federal taxes on those making less than $400,000/year. https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Inflation https://budgetmodel.wharton.upenn.edu/issues/2020/9/14/biden-2020-analysis
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