If the amount of money you have to spend as you wish after you’ve paid all of your bills each week is less than it used to be, it probably doesn’t matter to you whether taxes or rising costs are to blame, but many of the politicians paid to represent us in Washington apparently think it does. President Biden has promised he won’t raise taxes on Americans making less than 4 hundred thousand dollars a year . That sounds good to the vast majority of Americans who don’t earn that much. The president wants to raise taxes on U.S. corporations which will no doubt pass along any higher costs they face to us. Government policy shifts that are part of the new administration’s agenda have already started to be reflected in rising prices for example for gasoline. It’s easy for the federal government to shield the real cost of rising prices because many of the things we use aren’t included in it’s calculation of inflation. If your pay doesn’t change, , but the amount you have to spend at the end of the week falls, it really doesn’t matter whether it’s higher government taxes, or higher costs, it’s just bad for you. That’s the way I see it.