White House hit by Build Back Better inflation worries

Published December 13, 2021 10:45pm ET



For months, President Joe Biden has touted a key claim about the $2.4 trillion Build Back Better Act — a letter from 17 Nobel laureates in economics saying it will ease long-term inflationary pressure. But that claim is getting plenty of pushback as inflation hit a 39-year high in November and Republicans scoff at the idea of more government spending.

“Inflation and #BuildBackBetter are twin daggers aimed at the heart of the American economy,” South Carolina Sen. Lindsey Graham tweeted last Friday, leaving little doubt about his thoughts on the bill. He added during a Sunday appearance on Fox News, “This bill, Build Back Better, will be gasoline on the inflation problem.”

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