OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

August Inflation

Floor Speech

By: John Rose
By: John Rose
Date: Sept. 29, 2022
Location: Washington, DC

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Mr. ROSE. Mr. Speaker, August was another month under President Biden where inflation exceeded economists' expectations. The Consumer Price Index was up 8.3 percent over the past year, and if you exclude food and energy, it rose six-tenths of a percentage point in just 1 month.

On the same day, the higher-than-expected inflation number came out, President Biden and congressional Democrats held an event at the White House to celebrate the passing of the Inflation Reduction Act, which we all know will do nothing to slow inflation.

Tennesseans are bearing the brunt of the President's disastrous fiscal policies, all while the President celebrates passing a bill that raises taxes amidst a recession, spends more than $400 billion on woke Green New Deal programs, and hires 87,000 new IRS agents to target the middle class.

Borrowing and spending more money won't ease the pain in our pocketbooks. The only solution is an end to one-party control of Washington.

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