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From denying inflation and claiming it was “temporary,” to passing the buck with “Putin’s Price Hike,” the White House and congressional Democrats are out of touch with the challenges Americans face. The typical family now has to spend $450 more per month to buy the same goods and services they did a year ago, prompting more Americans to rely on loans and credit cards to make ends meet, even as the Federal Reserve makes borrowing more expensive.

Chairman Smith: Democrats’ Inflation Mess Pickpocketed Families. Republicans Are Acting to Put Money Back Into Their Pockets.

July 12, 2023 — Bidenflation

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:  

With Inflation Continuing to Hammer Families and Small Businesses, Ways & Means Committee Is Taking Action to Provide Relief

June 13, 2023 — Bidenflation

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 ...

Smith Introduces the American Families and Jobs Act to Cut Taxes for Working Families, Grow Main Street Businesses, and Protect American Innovation & Competitiveness

June 09, 2023 — Bidenflation

WASHINGTON, D.C. - In response to specific concerns raised by American workers, families, farmers, and small businesses during field hearings across the country, Ways and Means Committee members have introduced legislation to help struggling families, grow jobs, and support a stronger economy. Today, these solutions are being combined as part of a new ...

Chairman Smith: “Help Wanted” Signs in Store Windows Are Small Business’s Cry for Relief in Biden Economy

June 02, 2023 — Bidenflation

WASHINGTON, D.C. – Signs reading “Going Out of Business” may soon begin appearing up and down main streets across America, as small businesses are increasingly preparing for a recession. For more than two years, small businesses have faced multiple crises that have left them with fewer workers, smaller inventories, and less income, whether it is ...

Chairman Smith: Inflation Report Reinforces Americans’ Demands to Cut Wasteful Spending

May 26, 2023 — Bidenflation

WASHINGTON, DC –Raising the debt ceiling must come with spending cuts to combat the inflation that continues to hurt working-class families. 60 percent of Americans want an increase in the debt ceiling to reduce Washington’s wasteful spending - exactly what House Republicans’ Limit, Save, Grow Act delivered.  As shown in the Personal Consumption Expenditure index release, ...