Bidenflation Archives - House Committee on Ways and Means

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: High Interest Rates More Evidence of President Biden’s Failed Leadership

March 20, 2024 — Bidenflation

“Interest rates are remaining at the highest levels in 23 years because Bidenflation is still out of control.” WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement in response ...

Statement on President Biden’s Mortgage Worsening Tax Credit

March 10, 2024 — Bidenflation

Washington, D.C. – Ways and Means Chairman Jason Smith (MO-08) issued the following statement on President Biden’s proposed Mortgage Worsening Tax Credit that would make it even harder for Americans to buy and keep a home by further driving up the cost of housing in America.

Chairman Smith: President Biden’s Inflation Crisis Continues to Rob the Wallets of Working Families

January 11, 2024 — Bidenflation

“Whether it’s families tired of sticker shock at the grocery store, small businesses struggling to stay open or afford a loan with a sky high interest rate, or farmers buying new equipment, Americans need relief.” WASHINGTON, D.C. – ...

Chairman Smith: High Interest Rates Harming Families and Small Businesses Are Consequence of President Biden’s Inflation Crisis

December 13, 2023 — Bidenflation

“Interest rates remaining this high are an indictment of President Biden’s failed agenda.” WASHINGTON, D.C. – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the December ...

Chairman Smith: High Prices Leaving Items Unchecked on Christmas Wish Lists This Holiday Season

December 12, 2023 — Bidenflation

WASHINGTON, D.C. – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Consumer Price Index (CPI) showed prices rising 17.4 percent since President Biden took office and surveys showing that families plan ...

Chairman Smith: Working Families are Stressed About the Future After Three Years of “Bidenomics”

November 14, 2023 — Bidenflation

WASHINGTON – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Consumer Price Index (CPI) showed prices rising 17.6 percent since President Biden took office and a survey showed Americans expect inflation to still be elevated in five to 10 years:

Chairman Smith: High Interest Rates from “Bidenomics” Promises More Pain Ahead for Families and Small Businesses

November 01, 2023 — Bidenflation

WASHINGTON – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the October meeting of the Federal Open Market Committee:

Chairman Smith: House Republicans Are Unified Behind Ending Cost-of-Living Crisis for Working Families

October 27, 2023 — Bidenflation

WASHINGTON – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditure (PCE) index, showed inflation remaining above its publicly-stated target of 2 percent:

Chairman Smith: Cost-of-Living Adjustment Is Cold Comfort for Seniors Wrecked by Biden’s Cost-of-Living Crisis

October 12, 2023 — Bidenflation

WASHINGTON – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Consumer Price Index showed prices rising 17.7 percent since President Biden took the Oath of Office and the Social Security Administration released its annual cost-of-living adjustment for the 65 million Americans on Social ...

Chairman Smith: High Prices and Interest Rates Continue to Make Life More Uncertain for Working Families

September 20, 2023 — Bidenflation

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 ...