Triumphant Joe Biden Boasts Infrastructure Deal Will Solve Inflation Pressures

President Joe Biden has boasted his infrastructure deal will help solve America's inflation woes after the bipartisan bill was approved by the House.

The president echoed earlier statements that the $1.2 trillion infrastructure bill would help drive down inflation that has burned holes in Americans' pockets.

In a tweet shared on Sunday night, Biden said: "The bipartisan infrastructure deal will help ease inflationary pressures, lowering costs for working families."

He also included statements made during his Saturday press conference where he said his persistence had paid off and that he had secured a legislative victory.

"It's going to modernize our ports and our airports and I'm going to be going to some of our ports next week," Biden said.

"I mean, look, we have a few bottlenecks across the country. We're doing so much with this legislation. It's going to make it easier for companies to get goods to market more quickly and reduce supply chain bottlenecks, now and for decades to come."

The Bipartisan Infrastructure Deal will help ease inflationary pressures, lowering costs for working families.pic.twitter.com/FOcchsNWgN

— Joe Biden (@JoeBiden) November 8, 2021

Biden then cited unnamed economists' support for the deal and claimed they believed it would drive down inflation.

He added: "According to economists this is going to ease inflationary pressure, not increase it, ease inflationary pressures by lowering costs for working families."

In a White House statement shared on Saturday, the Biden administration said the bill would help ease supply chain disruptions, which in turn had caused inflation.

A group of 15 Nobel Prize economists said the bill will "ease" inflation, despite concerns expressed by Republicans and moderate Democrats that the high price tag could have the opposite effect.

The letter, shared on September 15, said: "Because this agenda invests in long-term economic capacity and will enhance the ability of more Americans to participate productively in the economy, it will ease longer-term inflationary pressures."

Newsweek has contacted Bankrate.com for comment.

Biden secured a much needed win for his administration when the House passed the bill by 228 votes to 206.

Following months of excruciating negotiations with Democrats, Biden was able to rely on 13 Republican votes to pass the legislation.

While the majority of Democrats supported the infrastructure bill, six—including Rep. Alexandria Ocasio-Cortez (D-NY)—voted against the deal.

The infrastructure bill's passage will give the Biden administration some much needed momentum following dismal performances in the polls.

A recent poll even found Biden is behind rival, and possible 2024 Republican nominee, Donald Trump. The poll released on Friday by Emerson College shows Trump narrowly beating Biden in a hypothetical matchup.

Former President Trump lashed out at Senate Minority Leader Mitch McConnell and House Republicans on Sunday after the infrastructure bill passed through the lower chamber. The firebrand claimed only 11 percent of the money spent would go towards what he called "real infrastructure."

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Joe Biden said the infrastructure bill would drive down inflation. President Joe Biden speaks during a press conference in the State Dining Room at the White House on November 6 in Washington, D.C. Samuel Corum/Getty Images