Young Oak Kim: “I thank Ranking Member Luetkemeyer for yielding and arranging this very timely Special Order to discuss how taxes…”

“I thank Ranking Member Luetkemeyer for yielding and arranging this very timely Special Order to discuss how taxes, increasing prices, and the reduced workforce pool are impacting our Main Street USA, which is the true backbone of our economy. I represent California's 39th Congressional District, which lays in the tri-county area of Los Angeles, Orange, and San Bernardino Counties. I have the pleasure to represent one of the most diverse districts in the country that has a very vigorous entrepreneurial spirit. Unfortunately, it has been trampled down by unclear guidelines on lockdowns, increased red tape, labor shortages, high inflation, and, now, a supply chain crisis. Mr. Luetkemeyer knows very well that a big threat is looming in the horizon in the form of increased taxes and burdensome regulations through the partisan reconciliation process. Instead of working with us to tackle the issues impacting small business owners and workers, this administration and this House majority are looking to add more fuel to the fire with fiscal expansionary measures at a time when economic analysts say that we could see inflation above 3 percent well into 2022. This is a run on inflation not seen since the early 1990s. In my home State of California, parts of the State recorded their highest average gas prices ever last Friday. Some places are recording close to $6 per gallon.…”