Combating the Biden Administration's inflation

Throughout the past three years in office, President Biden has embarked on spending spree after spending spree. First, just two months after inauguration, he signed the $1.9 trillion American Rescue Plan Act, initiating a spike in prices on consumers just days after the bill was signed into law. Then, in November of 2021, he ran up the federal credit card again by signing the $1.2 trillion “infrastructure” legislation into law, which had fewer than one of every four dollars for what most Americans would consider to be actual infrastructure. Additionally, that same month, the White House signed a massive social spending bill, including $369 billion for radical climate initiatives, $80 billion to hire more IRS agents, and $64 billion to expand wasteful Obamacare subsidies.

Through signing these bills, among others, into law, the President himself has made it very clear – lowering spending, and in turn lowering inflation, is not a matter of concern for this administration. In fact, since President Biden took office, inflation has increased 17.9 percent overall. Not to mention, the recent “hotter-than-expected” Consumer Price Index (CPI) report, showing that inflation rose again this past January, indicates this administration has no plans to change course and ease the economic pain.

Consequently, the American people have experienced higher prices, lower real wages, and tighter budgets. As a matter of fact, since President Biden took office, food prices have gone up on the consumer by nearly 20 percent, electricity prices have risen on the ratepayers by 28.6 percent, prices at the gas pump have increased 37.8 percent, mortgage rates have reached a two-decade high, and monthly savings are down 79.3 percent. In total, Americans are spending over $1,000 more a month than they were three years ago.

The numbers do not lie – President Biden’s economic policies are truly crushing American families.

This is why we must pass a full year appropriations deal, which will allow us to reverse some of this excessive spending and reallocate the funding from far-Left, Green New Deal initiatives to important issues like the border, national security, made-in-America energy, and veterans.

As a fiscal conservative and Vice Chairman of the House Appropriations Committee, it is not lost on me the duty I have to ensure that the taxpayer dollar is being spent wisely. I am committed to passing a full year appropriations deal that not only combats the Biden Administration’s inflationary policies, but also allots necessary government funding towards addressing the real issues of today.