After the Bureau of Labor Statistics reported in its August Consumer Price Index (CPI) that prices rose higher than expectations by 8.3 percent from the previous year, Ways and Means Republican Leader Rep. Kevin Brady (R-TX) issued the following statement:

“Prices are sky high for food, shelter, and even health insurance, yet over the last month, the Biden Administration raised taxes on American manufacturers, forced low-income workers to pay off the student debt of the well off, and even provided generous subsidies to the wealthy for things ranging from electric vehicles to Obamacare.

“Even former Biden economic advisers warn that to get inflation down further, unemployment will need to rise over the next year. Is that really worth celebrating?”