Biden: My Spending Plan Will Lower Inflation

‘It’s going to lower inflation, raise wages, increase competition’

EXCERPT:

BIDEN: "Number one, I’m not going to talk about the specifics of my conversation. He will vote for this in this proposal what he has anticipated, and that is looking at the fine print and the detail of what comes out of the House in terms of the actual legislative initiative. I believe that Joe will be there. With regard to the issue of whether or not he thinks that he’s worried about this being inflationary or going to be negatively impacting the economy, I think that I’ve made it clear to Joe, and will continue to, and we will, that — I apologize for repeating, Peter, but 17 Nobel laureates on economics said it’s going to lower inflation, raise wages, increase competition, create 2 million jobs a year, et cetera. And so I think that, I understand Joe is looking for the precise detail to make sure nothing got slipped in in terms of the way in which the legislation got written that is different than he acknowledged he would agree to. But I think we’ll get this done."

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