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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.

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:  

Smith: Americans Struggling to Keep Up after Two Years of Biden’s Inflation Crisis

January 27, 2023 — Bidenflation

WASHINGTON, DC – House Ways and Means Chairman Jason Smith (MO-08) released the following statement after the Bureau of Economic Analysis issued its report for December’s personal consumption expenditures (PCE) showing prices increased 5.0 percent from one year ago: “Inflation is still way too high for families and small businesses. Americans are still experiencing the now-familiar ...

Smith: Congress Must Confront Joe Biden’s Inflation Mess 

January 12, 2023 — 'Inflation Reduction Act'

WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Consumer Price Index showed prices remaining at a 40-year high of 6.5 percent, with overall prices having risen 13.9 percent since Joe Biden became President: “President Biden and Washington Democrats created a vicious cycle of deficit spending leading to ...