The Impact of Inflation

Floor Speech

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Mrs. KIM of California. Madam Speaker, I thank my friend, French Hill, for yielding.

Families, workers, and small businesses are hurting from the highest inflation in over 40 years, and in Southern California where I am from, everything is more expensive.

Inflation doesn't discriminate. It impacts every American and hurts small businesses and workers with less income the most.

For example, Raul and Rosalina Davis, owners of Tlaquepaque Restaurant in Placentia, in my district, told my office: ``Higher gas prices and issues with our supply chain are leading to increasing costs from everything from beverages to meat for ingredients, to workforce shortages. As a restaurant, we run our small business with very tight revenue margins, and a small change in prices can really hurt our bottom line. If we have to pass on higher costs to our customers, it puts us in a tough place when we are competing against bigger restaurants that can absorb higher costs.''

While the Biden administration calls inflation temporary and seeks to redefine the long-established meaning of a recession, I have introduced bills to combat inflationary spending, lower taxes on Californians, and support job creators.

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Mrs. KIM of California. Policies from Congress should make life more affordable, not less.

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