Birdwatch Note Rating
2023-06-13 17:27:35 UTC - HELPFUL
Rated by Participant: 52D48FC4D12CC0E01D318205F973A15728A768582969CE82E247D6987CE53B01
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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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