John Rutherford: “I thank the gentleman for yielding. Madam Speaker, this week's Consumer Price Index report indicates that we just…”

“I thank the gentleman for yielding. Madam Speaker, this week's Consumer Price Index report indicates that we just reached a 40-year high in June. This kind of inflation is a tax on every American and a threat to our middle-class families. As a result of Democrats' reckless, trillion-dollar inflationary spending, hardworking Americans are taking a pay cut, and failed relief plans have caused unprecedented financial challenges to the U.S. economy, hitting the American taxpayers the hardest. Some of my friends on the other side of the aisle blame the inflation on the war in Ukraine, but Americans faced sharp, rising inflation long before Russia invaded Ukraine. Now, additional price increases across the board continue to eat away at the paychecks of this Nation's workforce, making it even harder to achieve the American Dream for millions of Americans. I am sure many of my colleagues can relate when I say I have conversations back home with folks who are struggling to afford everyday essentials, including baby formula and fuel, that continue to be in short supply. President Biden and the Democrats' lack of concrete solutions are falling short. The President's first action upon taking office was to end construction of the Keystone XL pipeline and issue a moratorium on new oil and gas permits on Federal lands. His most recent efforts to court oil deals with our hostile counterparts in Saudi Arabia are futile. In fact, it was embarrassing today.…”