Biden says his ‘top priority is getting prices under control’
President Joe Biden on Tuesday acknowledged that “too many families are struggling to keep up with the bills,” as he outlined steps to address inflation during his State of the Union address on Tuesday night.
The president said his moves to tackle high prices including pushing to “make more cars and semiconductors in America” and to lower drug costs.He also reiterated his call for cutting the cost of child care, mentioning his proposals that would provide two free years of pre-kindergarten and limit how much families spend.
In addition, Biden talked up cutting energy costs for families by “an average of $500 a year by combating climate change,” saying it can be done through tax credits for energy-efficient homes and businesses and other measures. “While you’re at it, confirm my nominees for the Federal Reserve, which plays a critical role in fighting inflation,” Biden added.His remarks come as the latest readings on U.S. inflation put it at 7.5% — and as economists say there isn’t a great deal that any administration can do about high prices in the near term. Inflation will continue to be a key line of attack against Biden and his fellow Democrats in the midterm elections, Republican officials have made clear.
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