Sen. Rob Portman (R-Ohio) predicted on July 13 that inflation will soon hit double-digit figures if President Joe Biden and congressional Democrats move forward with their plans to boost taxes on most Americans.
“We just got the numbers this morning for Ohio—$8,300 bucks a year in additional spending on energy, on food, on utility bills generally, and on clothing.” Portman’s $8,300 figure is based on data from January through June and projected to the end of the year.