{"id":488598,"date":"2021-05-09T12:35:08","date_gmt":"2021-05-09T16:35:08","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=488598"},"modified":"2021-05-09T12:35:15","modified_gmt":"2021-05-09T16:35:15","slug":"people-hit-the-hardest-are-the-poor-newt-gingrich-says-americans-will-notice-bidens-hidden-tax","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/people-hit-the-hardest-are-the-poor-newt-gingrich-says-americans-will-notice-bidens-hidden-tax\/","title":{"rendered":"\u2018People Hit The Hardest Are The Poor\u2019: Newt Gingrich Says American\u2019s Will Notice Biden\u2019s \u2018Hidden Tax\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpeople-hit-the-hardest-are-the-poor-newt-gingrich-says-americans-will-notice-bidens-hidden-tax%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=488598&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><aside id=\"right1forarticles\">\n<\/aside>\n<div id=\"ob-read-more-selector\" readability=\"42.843368421053\">\n<p>Former House Speaker Newt Gingrich said Sunday that Americans will notice what he called President Joe Biden\u2019s \u201chidden tax\u201d and predicted the country is \u201con the edge of a massive inflation.\u201d<\/p>\n<p>\u201cSo every person who hears us today, when you go out to fill your gas tank and you notice that you\u2019re getting less gasoline per dollar, that\u2019s a Biden hidden tax,\u201d Gingrich told Fox News\u2019 \u201cSunday Morning Futures.\u201d<\/p>\n<p><strong>WATCH:<\/strong><\/p>\n<p>\u201cIt will happen with electricity. It\u2019s going to happen with food across the board. We are on the edge of a massive inflation and the Democrats\u2019 answer is print even more money so they get a bad job\u2019s number on Friday and they are saying immediately, \u2018Oh, we need to spend another couple of trillion,\u2019 which is exactly the wrong solution if you want the economy to be healthy,\u201d Gingrich said. <a href=\"https:\/\/dailycaller.com\/2021\/04\/01\/joe-biden-ron-johnson-wisconsin\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>(RELATED: \u2018This Isn\u2019t Monopoly Money\u2019: Ron Johnson Calls Out Unnecessary Spending In Biden\u2019s Trillion-Dollar Packages)<\/strong><\/a><\/p>\n<p>Gingrich said the relationship between government spending and inflation is \u201ca basic rule of economic history\u201d that was a reality in in Rome \u201cand other ancient civilizations.\u201d The former House speaker said that if citizens resist further tax increases, governments make a conscious decision to \u201cmake up the difference is through inflation, through cheapening money by printing more dollars in our case by literally cheapening gold and silver coins.\u201d<\/p>\n<p>Gingrich claimed \u201cthe result is everybody pays a hidden tax. Now what makes it tragic is the people hit the hardest are the poor.\u201d <strong><a href=\"https:\/\/dailycaller.com\/2021\/04\/28\/newt-gingrich-joe-biden-american-families-plan\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: \u2018Creating A Dependency Culture Is Dangerous\u2019: New Gingrich Warns About Biden\u2019s Trillion Dollar Packages)<\/a><\/strong><\/p>\n<div id=\"attachment_7187690\" class=\"wp-caption alignnone\" readability=\"39\"><img decoding=\"async\" aria-describedby=\"caption-attachment-7187690\" loading=\"lazy\" class=\"size-full wp-image-7187690\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/GettyImages-1316820534-scaled-e1620423469533.jpg\" alt=\"WASHINGTON, DC - MAY 07: U.S. President Joe Biden speaks on job numbers from April, 2021 at the East Room of the White House May 7, 2021 in Washington, DC. U.S. economy added 266,000 jobs in April, far less than the one million jobs that was expected. (Photo by Alex Wong\/Getty Images)\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/GettyImages-1316820534-scaled-e1620423469533.jpg 2560w, https:\/\/cdn01.dailycaller.com\/wp-content\/uploads\/2021\/05\/GettyImages-1316820534-scaled-e1620423469533-279x120.jpg 279w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/GettyImages-1316820534-scaled-e1620423469533-620x266-1.jpg 620w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/GettyImages-1316820534-scaled-e1620423469533-768x330-1.jpg 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/GettyImages-1316820534-scaled-e1620423469533-1536x660-1.jpg 1536w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/GettyImages-1316820534-scaled-e1620423469533-2048x880-1.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\"  style=\"display:none\"><\/p>\n<p id=\"caption-attachment-7187690\" class=\"wp-caption-text\">President Joe Biden speaks on job numbers from April, 2021 at the East Room of the White House May 7, 2021 in Washington, DC. U.S. economy added 266,000 jobs in April, far less than the one million jobs that was expected. (Photo by Alex Wong\/Getty Images)<\/p>\n<\/div>\n<p>The Biden administration says the president\u2019s latest spending promise will cost around $1.8 trillion. That is on top of his $2.25 <a href=\"https:\/\/dailycaller.com\/2021\/04\/06\/joe-biden-buttigieg-fact-check-brian-deese-american-jobs-plan-moodys-analytics-infrastructure\/\" target=\"_blank\" rel=\"noopener noreferrer\">trillion<\/a> American Jobs Plan and $1.9 <a href=\"https:\/\/dailycaller.com\/2021\/03\/10\/american-rescue-plan-joe-biden-whats-in-it\/\" target=\"_blank\" rel=\"noopener noreferrer\">trillion<\/a> American Rescue Plan. Biden claims the spending will be financed through a tax on those making $400,000 or more a year.<\/p>\n<p>Media baron Steve Forbes <a href=\"https:\/\/dailycaller.com\/2021\/03\/05\/steve-forbes-joe-biden-take-six-month-vacation-economy-ditch-2-trillion-binge-bill\/\" target=\"_blank\" rel=\"noopener noreferrer\">has also warned<\/a> that Biden\u2019s stimulus packages will inevitably produce hyper inflation in the U.S. economy.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former House Speaker Newt Gingrich said Sunday that Americans will notice what he called President Joe Biden\u2019s \u201chidden tax\u201d and predicted the country is \u201con the edge of &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2277613,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/GettyImages-1316820534-scaled-e1620423469533.jpg","fifu_image_alt":"\u2018People Hit The Hardest Are The Poor\u2019: Newt Gingrich Says American\u2019s Will Notice Biden\u2019s \u2018Hidden Tax\u2019","footnotes":""},"categories":[],"tags":[],"class_list":["post-488598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/GettyImages-1316820534-scaled-e1620423469533.jpg","fifu_image_alt":"\u2018People Hit The Hardest Are The Poor\u2019: Newt Gingrich Says American\u2019s Will Notice Biden\u2019s \u2018Hidden Tax\u2019","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/488598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=488598"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/488598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2277613"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=488598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=488598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=488598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}