I thank the gentleman from Louisiana (Mr. Johnson) for his leadership. Madam Speaker, President Biden's plan to tame escalating inflation passes the buck to Americans once again. Costs for driving to work, feeding families, housing, and utilities are under unimaginable increases and strain on my constituents, thanks to the disastrous policies. President Biden largely puts responsibility on the Federal Reserve to stabilize inflation. However, the shocks that the Biden administration has brought to our economy are out of the Fed's control. Sure, they play a role here. A majority of the inflation, however, has been caused by the assault on domestic energy, excessive government spending, and incentivizing a lack of American productivity. President Biden then wonders why we don't embrace his plan to reduce inflation by tapping the emergency energy reserves. Somehow that is going to lower gas prices. Well, it hasn't. It is a bad idea, and it hasn't made a dent. Shockingly, against every fundamental of economics that we are even taught back in the seventh grade, Madam Speaker, he wants to raise taxes on American businesses, which, according to the Biden administration, will reduce the deficit, slow inflation, and create jobs. I am surprised it wouldn't put food on the table as well. Americans, in their opinion, need relief right now, not in some far off, far out way.…
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