Biden to take on ‘junk fees’ as part of his plan to combat inflation
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26% (1,295) are left-leaning, 37% (1,860) are centrist, and 37% (1,877) are right-leaning.
In an announcement on Wednesday, President Joe Biden pledged to tackle “junk fees” imposed on consumers as a measure to fight inflation. Under Biden’s administration, the Consumer Financial Protection Bureau is cracking down on banking fees, hidden charges, and excessive fees in booking hotels and airplane tickets. This announcement comes before the November midterm elections, in which many Americans view inflation as one of the biggest concerns to address.
The Hill published a centrist article describing Biden’s announcement that his administration is taking new steps to combat what he calls “junk fees” amid a time of high inflation. The Hill reported that, in his speech, Biden said that hidden or excessive fees by banks, airlines, and hotels are “taking real money out of your pockets.” It noted that while gas prices are decreasing, averaging $3.39 a gallon, Biden is taking steps to save American households money.
A left-leaning article by The Washington Post highlighted that its new steps and enforcement will save Americans around $3 billion in fees annually. It also emphasized that this announcement came just weeks before the November midterm elections and is likely a move by the president to show his commitment to lifting financial burdens on families amid a period of high inflation, which has contributed to his relatively low approval rating.
A right-leaning article by The Washington Examiner highlighted that this announcement came amidst a contentious midterm election campaign in which Republicans mainly focused on issues of economy and inflation whereas Democrats focused on abortion rights and Donald Trump. The Examiner also highlighted that Biden’s new measures are intended to promote capitalism.