On the recordSeptember 14, 2022
The American people are facing persistent pain in their wallets and pocketbooks, with inflation in August hitting 8.3 percent, higher than expectations. But yesterday, hours after new inflation figures revealed that price hikes are continuing to burden hardworking Americans, President Biden held an event to celebrate the signing of the deceptively-named Inflation Reduction Act into law, touting the radical legislation as a victorious success. The Inflation Expansion Act a success? Not quite. Not even close. Grocery costs have surged nearly 14 percent, gas rose more than 33 percent, electricity costs have increased nearly 16 percent, rent almost 7 percent, and transportation has soared 11 percent. Republicans warned that burning through billions of dollars in order to expand the IRS by 87,000 new agents, advance Green New Deal initiatives, and deliver crushing tax hikes would only plunge our economy into deeper turmoil--worsening inflation and contributing to our ballooning national debt. Yet, Speaker Pelosi, Senate Leader Schumer, and President Biden steamrolled ahead anyway--selfishly advancing their Big Government Socialist agenda that costs the American people over 1 month's pay every year. Yes, Americans are now losing a month's pay every year because of Biden inflation. Enough is enough. Americans simply cannot afford the cost of one- party Democrat rule in Washington any longer.…
Source
govinfo.gov




