Political Quotes

John Cornyn: from gas stations to grocery stores, to utility bills and restaurant checks, the American people are being pummeled by…

On the recordOctober 6, 2021
from gas stations to grocery stores, to utility bills and restaurant checks, the American people are being pummeled by inflation. The cost of everything is going up. Last week, the Commerce Department reported that a key indicator of inflation had reached the highest level in three decades--30 years. The Chairman of the Federal Reserve has said that we are unlikely to turn a corner on this until sometime next year. How he knows that, I don't know. Previously, he said, well, this inflation would be merely transitory, a passing thing. But it is beginning to look like that is not the case. And, clearly, he is mainly guessing. With this as a backdrop, our Democratic colleagues are apparently trying to figure out how to inflict even more economic pain on the American people. They spent months negotiating solely among themselves in order to bring about a radical transformation in our country by spending money on programs we don't need or want--things like permanent welfare for no work requirements; things like tax increases that, contrary to President Biden's promise, will hit Americans earning less than $400,000 a year; subsidies for millionaires; buying electric vehicles that most average wage earners can't afford; taxes that will hurt American businesses and help our major nation-state competitor, China; as well as provide a range of so-called free--they like that word ``free''--social safety-net programs that really aren't free at all.…
Said by
John Cornyn
Republican · Texas
Source
govinfo.gov
Oct 6, 2021

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