Reps Scalise and Steel: Democrats’ reckless spending endangers U.S. economic health
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When the White House celebrated a 16-cent drop in the prices of certain July 4 kitchen items, Americans wondered if the Biden administration was playing a joke. It was certainly as if the American people were laughing because that same July 4th, consumers paid an average of $ 3.15 for a gallon of gasoline, the highest price per gallon since 2014, and an increase of $ 45. % in the last year alone.
The seemingly limitless spending of President Biden and far-left liberals in Congress has driven inflation up, leaving ordinary citizens stuck with the bill.
The famous economist Milton Friedman once said that “inflation is taxation without legislation”.
Last month, the cost of living in the United States rose the most since 2008, when we faced a nearly two-year recession following a devastating stock market crash. On average, consumers pay more in everything from eggs to the supermarket to electricity on their monthly energy bill.
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Simply put, the inflation that has skyrocketed since Biden took office is about to crush the middle class.
Despite overwhelming evidence that prices are rising faster than paychecks, Democrats are moving forward with their reckless $ 3.5 trillion tax and spending plan that will disproportionately hurt low-income families. If we are to get people back to work and create more jobs for hardworking Americans, we need to get back to solutions that protect taxpayer dollars and help businesses thrive.
Businesses across the country are struggling to find workers as the Biden administration continues to push for unemployment by paying people to stay at home.
Local businesses simply cannot compete with the money distributed by the federal government.
These labor shortages, coupled with inflation, are forcing mom and pop stores to raise their prices. A staggering 47 percent of small business owners said they had increased average selling prices, the highest rating since 1981. The same survey found that 46 percent of small business owners noted bids. jobs that could not be filled.
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“When I went to the store across the street to buy a help-seeking sign, they were all sold,” a restaurant and bar owner in Long Beach, Calif., Told NPR. The combination of inflation and labor shortages has hurt businesses and threatened their ability to stay afloat.
This is Joe Biden’s new America reality. As we work to rebuild our economy from the COVID-19 pandemic, these unnecessary spending will only slow us down and hurt future generations of hard-working Americans.
On top of that, the Democrats in Washington want to raise our corporate tax rate higher than that of Communist China and adopt policies that make it better to be a foreign company operating in the United States than a company. American.
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If labor shortages and anti-business policies continue, the damage to the U.S. economy will only be magnified.
How did we get there ? Americans remember a not-so-distant time when their president valued their hard-earned savings and put American interests first.
Today, it is slowly becoming a distant memory. When President Biden took office, he quickly pursued a far-left political agenda that is out of step with the needs of ordinary Americans.
If enacted, President Biden’s and Congressional Democrats’ $ 3.5 trillion tax and spending madness will fuel inflation, send jobs overseas, and bankrupt future generations of Americans.
Beyond small businesses, the Biden administration has done significant harm to the United States’ domestic oil and gas industry. The president’s flawed energy policies have restricted US production of oil and gas and encouraged our foreign competitors to increase production.
We just can’t afford to burden middle-class families and small businesses with decades of debt, but the Democrats in Washington are treating them like the piggy bank of their extremist policies like the Green New Deal. It is time to demand accountability and put in place a responsible and sensible policy.
If the Democrats succeed in pushing their $ 3.5 trillion far left agenda forward, the future of our economy is in jeopardy.
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We must end the policies that contribute to labor shortages and inflation, and fight for the US recovery. We need to get Americans back to work, get kids back to school, and help businesses reopen and recover across the country.
If we don’t, Congressional Democrats and President Biden will continue to hurt America’s prosperity and our economic health. And as lawmakers, we have an obligation to stand up for the American people.
CLICK HERE FOR MORE ABOUT HOUSE MINORITY WHIP STEVE SCALISE
CLICK HERE FOR MORE ABOUT REP. MICHELLE STEEL