Please disable your Ad Blocker to better interact with this website.


Inflation and Rising Gas Prices Disproportionately Harms Low Income Families

Inflation and rising gasoline prices are preferentially harming low-income families, according to the Urban Institute.

The blog post from the Urban Institute notes the rising costs disproportionately harm “people of color” because of their lower household income.

It also documents wages are falling behind the rising costs of rent and gasoline. For example, rents went up by about 15 percent and gasoline costs increased to nearly 40 percent from February 2021 and February 2022.

Biden’s energy and economic policies are harming blacks and other minorities the most because they are suffering from a loss of purchasing power as more of their income goes to rent and gasoline.

That means Biden’s policies are racist in that it harms minority groups including blacks the most.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

Related Articles