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Today's Economy

Floor Speech

By: Young Kim
By: Young Kim
Date: April 20, 2023
Location: Washington, DC

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Mrs. KIM of California. Mr. Speaker, American families are hurting from high inflation resulting in higher prices of everyday goods from groceries to gasoline. Nearly two out of every three Americans is living paycheck to paycheck.

Unfortunately, in California, everything is more expensive. That is why I am working to bring some common sense to Congress and make life affordable by combating reckless spending and lowering taxes.

Earlier this year, I joined my friend from California, Representative Mike Garcia, to introduce the Inflation Prevention Act to ensure that Congress doesn't pass bills that add to inflationary spending until the year-after-year rate drops below 4.5 percent.

Last week, I introduced the SALT Deductibility Act to repeal the current cap on State and local tax deductions that is unfairly making my constituents pay more taxes.

I will keep fighting to make sure that life is easier for folks in California's 40th District and across the Nation.

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