WASHINGTON – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the September meeting of the Federal Open Market Committee: “Even with the Federal Reserve’s decision to pause rate increases, interest rates remain at the highest level in 22 ...
WASHINGTON – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Producer Price Index showed the largest single-month increase since June 2022: “‘Bidenomics’ has become the source of so many problems for small businesses. In fact, those problems are getting ...
WASHINGTON - House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Consumer Price Index showed prices rising 17.4 percent since President Biden took the Oath of Office and inflation rising again for the second month in a row: “The Democrats’ ...
WASHINGTON, D.C. — House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Consumer Price Index showed topline inflation accelerating for the first time in 13 months and prices rising 16.9 percent since Joe Biden became President:
WASHINGTON, DC – The Federal Reserve continued its campaign to end the crisis of ever higher prices sparked by Washington Democrats’ $10 trillion spending agenda – announcing another increase in interest rates by 0.25 percent. The Fed has a 2 percent target for inflation. The last reading ...
House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Bureau of Labor Statistics released the Producer Price Index report for June 2023: “Prices paid by small businesses continue to rise, making Main Street’s ...
House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the June Consumer Price Index report showed prices continuing to increase at a high rate with core inflation increasing 4.8 percent year over year and the broader measure still substantially above the Federal Reserve’s target rate of 2 percent:
WASHINGTON, D.C. – House Ways and Means Chairman Jason Smith (MO-08) released the following statement following the release of the Personal Consumption Expenditure (PCE) index, the Federal Reserve’s preferred measure of inflation: “We would not be in this inflation crisis if ...
WASHINGTON, D.C. – In a 6-3 decision the United States Supreme Court struck down President Biden’s student loan giveaway to higher income Americans on June 30, 2023. The executive order, announced by President Biden on August 24, 2022, bypassed Congress’s sole constitutional authority over ...
WASHINGTON, DC – As the Ways and Means Committee takes up the American Families and Jobs Act today to provide families and small businesses relief from Democrats’ inflation crisis, new data from the Consumer Price Index (CPI) shows prices have increased 15.5 percent since President Biden took his Oath of Office and Democrats began their massive spending spree. The need for ...