On the recordMarch 15, 2022
the American Rescue Plan was responsible for less than 1 percent of the inflation we are experiencing.
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congress.govthe American Rescue Plan was responsible for less than 1 percent of the inflation we are experiencing.
Yarmuth argues that the American Rescue Plan has minimal impact on current inflation rates.
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Experts across the ideological spectrum agree that the main drivers of current inflation are international supply chain issues and energy price hikes caused by Russia's war in Ukraine.
But President Biden and Democrats acted boldly to deliver a relief package that met the scale of the crisis.
The fact is that the Clinton-Gingrich budgets worked, they reduced the inflation rate, they reduced the tax rate, they created jobs.
The Rescue Plan laid the foundation for America's unprecedented recovery and economic resilience, and we are in a far better place because of it.