On the recordMarch 31, 2025
Mr. Speaker, candidate Trump and President-elect Trump consistently and repeatedly promised the American people that when he was elected, on day one that he would lower the cost of living for Americans. He very effectively campaigned on that issue, and I think that that was a major driving force in terms of why he prevailed on November 5. In fact, he said that in a number of interviews after the election. However, then-President Trump was sworn in on January 20, and to this day, despite over 100 executive orders, countless rescissions that have come out of the White House, not one has been directed in terms of lowering the cost of living for Americans in this country. In fact, last week, the Consumer Price Index was released. It showed that prices jumped again at 2.8 percent, well above the Federal Reserve's target of 2 percent, which is why interest rates are going to continue to stay unnecessarily high. On Wednesday, a couple days from now, so-called Liberation Day, he is now going to announce another wave of tariffs that every economist of every stripe will tell you is going to, in fact, raise the price of goods for Americans. Don't take my word for it, listen to the National Association of Home Builders, a staunch Republican organization that has warned this administration that putting tariffs on everything from steel to copper and nickel is going to drive up the price of home construction. In fact, screws and nails, made from steel, are already showing huge increases.…





