Chairman Smith: No End in Sight to Biden's Cost-Of-Living Crisis

Press Release

"The Democrats' reckless spending policies fueled this cost-of-living crisis, and the President's so-called "Bidenomics' is powerless to stop it. Rising prices have parents and families hopelessly frustrated and exhausted over the fact that their paychecks are not keeping up with skyrocketing prices on the cost of everything from gas to groceries to school supplies. For 26 straight months under Biden's presidency, inflation outpaced wages. Families are paying more to get less because of Democrats' welfare for the wealthy and well-connected, like a $7,500 tax credit for families making over six figures to buy a luxury electric car.

Instead of looking for new ways to raise taxes on working families and increase spending on his far left priorities, President Biden should be focused instead on returning us to the Trump economy of low prices and high wage growth. Our signature tax bill, the American Families and Jobs Act, will put more money back in working families' pockets to give them relief from high prices, give small businesses a fighting chance in this stumbling economy, and give American workers and businesses a competitive advantage against China."

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