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Bidenflation

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: Americans Add Biden’s Inflation Crisis to Death and Taxes as Part of Life’s Certainties

April 12, 2023 — Bidenflation

WASHINGTON, DC – Americans will continue to suffer under President Biden’s inflation crisis, after the latest Consumer Price Index report showed inflation at 5.0 percent, an over 30 year high, and inflation rising 14.9 percentage points since Joe Biden became President.   Ways and Means Committee Chairman Jason Smith (MO-08) released the following ...

Chairman Smith: Biden’s Hidden Tax on All Americans Continues

March 31, 2023 — Bidenflation

WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement on February’s personal consumption expenditures (PCE) report from the Bureau of Economic Analysis (BEA)--the Federal Reserve’s preferred measure of inflation–that shows prices remain 5 percent higher than one year ago:

Biden’s Inflation Crisis Continues to Hammer Working Families, Small Businesses

February 24, 2023 — Bidenflation

WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation measure, showed prices rose 5.4 percent over a year ago:   “America is firmly stuck in an ongoing inflation crisis caused by Washington ...

Smith: Small Businesses Can’t Catch a Break in Biden’s Economy

February 16, 2023 — Bidenflation

WASHINGTON, DC — House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Producer Price Index showed wholesale prices rising by 6 percent, higher than expectations. America’s small businesses are being forced to pay more for goods, leading to higher prices for families: