On the recordMarch 30, 2022
Inflation is a challenge for families. I feel it myself as a single mom raising three kids. Historically, the standard approaches to reduce inflation are to raise interest rates and to lower wages. Some people are calling for these same misguided approaches today. This is wrongheaded. Families need lower costs, not less money in their pockets. We can bring prices down by increasing supply, for example, by expanding energy capacity with more green energy. The America COMPETES Act, which I supported, will strengthen our supply chains and increase our domestic manufacturing of technology. We can also bring prices down by cracking down on corporate abuse. We can reduce healthcare costs by allowing Medicare to negotiate drug prices, lower grocery costs by increasing competition in the meatpacking industry, and stop Big Oil from price gouging. These policies will lower costs without lowering wages. We can strengthen our capitalist economy and rein in inflation. Families need us to address inflation. They need lower costs, not lower wages. Budget Cuts Limit IRS
