Biden’s Inflation Solution: Drug Prices & Taxing Corporations

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National Economic Council Director Brian Deese on Sunday said the White House is hoping to make progress on legislation to lower prescription drug prices and other costs “in the coming weeks.” Biden is also pushing for a tax on corporations.

National Economic Council Director Brian Deese on Sunday said the White House is hoping to make progress on legislation to lower prescription drug prices and other costs “in the coming weeks.”

Deese told CBS “Face the Nation” moderator Margaret Brennan that fighting high inflation levels is the top economic priority.

Good to know.

“Our focus is on what are the steps, what are the policies, that we can take,” Deese said. “And the single most impactful thing that we could do right now is to work with Congress to pass legislation that would lower the costs of things that families are facing right now.”

Trump already lowered prescription drug prices and Biden overturned it.

He’ll Solve Inflation by Taxing Corporations

Deese on Sunday also pushed for Congress to combat inflation by lowering the federal deficit through tax reform. Biden has pushed for a corporate minimum tax of 15 percent.

“If we can do a package like that and we can move forward in the near future, it will not only help in lowering prices, but it will send a signal to the markets and the global economy that the United States is really deadly serious about taking on inflation,” Deese said.

Watch:


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Nick Cignetti
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Nick Cignetti
1 year ago

The only thing Joe is good at is falling quite often!!!! After that nothing from the demented useless human!!!!

GuvGeek
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GuvGeek
1 year ago

The only way out is to expand the Economy. Economic Expansion is contrary to Democrat Ideology.

Tim Kuehl
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Tim Kuehl
1 year ago

In 2021 Puppet Biden has blocked then rescinded a HHS rule implemented by President Trump that forced big pharma to lower prices on insulin and injectable epinephrine. The HHS claimed the rule would be too costly. Or could big pharma wanted to keep prices high? Were pharmaceutical investments by people in the HHS in jeopardy? Wait a minute, doesn’t Fauci basically run the HHS? Go figure. Now Puppet Biden claims he’s going to lower drug prices. Yeah, right. What a pathetic dope!

Tim Kuehl
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Tim Kuehl
1 year ago
Reply to  Tim Kuehl

And Joe, are you really so stupid as to believe corporations pay taxes? No they don’t, their customers pay the taxes. Taxes are built into the corporate pricing structure and the higher their taxes go the higher prices go.