Chuck Grassley: “As I traveled Iowa during this Easter recess, holding Q&A's in 25 counties, I ran into what I think all my colleagues…”

“As I traveled Iowa during this Easter recess, holding Q&A's in 25 counties, I ran into what I think all my colleagues do: concern about inflation. We have to remember that inflation let loose by the reckless spending policies of the Biden administration has been proven to be anything but transitory. And that word 'transitory' we heard so much during the previous administration. Remember, it shot up to 9 percent. It is still not low enough. Inflation endures to this day, acting as a hidden tax on working-class Americans. While inflation is well down from the 40-year high that we knew throughout history, that is of little comfort to working families struggling to make ends meet. In the first 6 months of this new administration, the Republican-led Congress acted early to shield Americans battling rising prices from the additional burden of a record tax hike that would have happened if we had not intervened. The Working Families Tax Cut Act prevented the largest tax increase in our Nation's history. It also included additional working-class tax cuts. As a result, for working men and women, the average tax refund is up 11 percent over last year. Moreover, thanks to no tax on tips and overtime, workers keep more of their hard-earned dollars with each paycheck as the taxman takes less. This means Americans have more money in their pockets to provide for their families.”