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Senator Rand Paul, the staunch conservative from Kentucky, recently released ‘The Hidden Tax,’ a much-needed report that a press statement describes as showing “inflation’s effect on American families and small businesses.”
Describing the report and pernicious effects of inflation, Senator Paul said:
“$4.9 trillion in COVID-19 stimulus spending has led to one of the highest and most sustained levels of inflation in U.S. history. While government stimulus spending was intended as a form of relief, and low and middle-income families as well as small business owners were promised that their taxes would not increase, Americans everywhere are now paying a hidden tax called inflation.
