Page 7 - Inflation Issues News Today

Because it is so clearly what american families need right now. im going to turn this over. theres more to say, but maybe ive said too much. i want to have an interchange with you guys, but now i want to turn it over to brian to begin this meeting. well move -- i may have some questions, in fairness. >> great. thank you, mr. president. we will move immediately to the first section of the agenda to focus on ports and logistics, the progress made and additional steps to go forward, and well hear f...

Year. are you still sticking with that prognostication given the supply chain issues and now the inflation issues and now this new covid strain. >> well, hi, alisyn, thanks for having us. i think the new covid strand, the obvious question there is, as youve already discussed earlier in the segment, how effective are the vaccines against it, how transmissible is it. those are all things nobody knows yet so it is appropriate to be cautious but lets wait and see what we learn. as far as inflation a...

So democrats started fighting with each other about the tax cut. it seemed like another thing that might torpedo the whole bill, but guess what? it turns out that the congressional committee made a mistake and they had to issue a correction. the new corrected analysis shows the build back better package would raise taxes on millionaires by about three percentage points. and you may or may not think thats good policy. but polls show that its very popular policy. and for democrats, this corrected ...

>> reporter: exactly. this has been a tough one for the white house to message on. on the one hand, president biden doesnt want people to lose the forest from the trees in terms of the overall strength of the economy. and so you hear the president talking about, look, unemployment claims down to the lowest level in half a century. and even on inflation you hear jen psaki saying that the cost of a turkey is up about a dollar which is not great, but not exor tabts. and talking about the fact that ...

Manchin, but certainly with this appointment hes trying to show that he wants -- hes happy with the policy that has been going on in the past and is looking to powell to help put a check on some of those inflation issues. >> talking about the grumbling from progressives. this continues. can they get joe manchin on board and alexandria ocasio-cortez saying were not trump is enough. were up against political annihalism because as long as i live in the bronx no one is going to fight for me. thats w...

Lower for many seniors throughout this country. we also are investing approximately $150 billion in the creation and preservation of affordable housing, so we will be lowering housing costs as well, and so not only is the bill not going to add to the current inflation issues that weve got to deal with, and hopefully well see enhance monetary policy coming out of the federal reserve so deal with this dynamic, but its also going to lower cost in critical areas for the american people. >> congressw...

>> its important for context. he didnt propose that. the fda approved some e cigarettes. i would point you to their comments. the president supports the independent review and process of the fda. beyond that, im not aware of proposal for taxing cigarettes from here. >> thank you, jen. ron klain retweeted a message yesterday, not once but twice, that inflation issues are high class issues. some of the sharpest price increases over the last month include products that every american buys, beef pro...

So it makes me wonder, are they not, is that not a message intended for their own people? and if it is, it suggests that maybe they are in a lot more trouble than maybe even we realize domestically. >> bret: can we quantify these economic sanctions? can we know how tough it is on the ground? in reality? speak of the reports, we have lots of western reporters, part of it is really hurting, we have at inflation issues and the problem is, it is a little bit like china, there is a rule of thumb in c...

President going around the country trying to make his case. he has a big case to make if he says we dont have a spending problem and we have is to deal with the deficit through tax increases. >> you deal with personal finances and you have been exposed to people who rearranged their life to make ends meet over the last three to five years. >> i think 83 percent is extremely frustrated as well. since recession hit a few years ago, people are out of work and not making as much money. inflation iss...