Chairman Smith: "Bidenomics' Holds Back the Job Market, Fuels Higher Prices

Press Release

"Since President Biden took office, our economy has struggled to return to the trend of employment levels that were booming prior to the pandemic, with labor force participation remaining flat for five months in a row. "Bidenomics' fueled a spike in the price of everything from gas to groceries to homes, and fighting it with interest rates, by design, puts the brakes on the economy, including the job market. The results have been a disaster for working families -- fewer jobs, paychecks that don't buy as much as they used to, and rising costs for car loans and home mortgages. No matter the fake spin coming out of the White House, Americans know President Biden is pushing the economy off the ledge. Instead, Democrats should embrace Republicans' jobs plan to lock in the success of tax reform, get more Americans back to work, and grow our economy."

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