President Biden speaks on taxing corporations to help fight surging inflation

Yahoo Finance published this video item, entitled “President Biden speaks on taxing corporations to help fight surging inflation” – below is their description.

#shorts #inflation #Biden

President Biden emphasizes his stance on capitalism and highlights his thoughts on taxing corporations to help fight rising inflation during a speech on May 10.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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