Inflation is Taxation

Floor Speech

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Mr. WILLIAMS of Texas. Madam Speaker, I rise today to recognize the impact of rising inflation on American consumers.

The Consumer Price Index jumped by 5.4 percent this year through June, the largest year-over-year gain since 2008. From the higher cost of gas, to the higher price of used cars, to the price of food at your local grocery store, small businesses and Americans are paying more for goods and services, due in large part to government spending during COVID-19 and now Democrats' reckless economic agenda.

It is as simple as this: Inflation is taxation.

As a small business owner for 50 years, I can tell you these increased prices are creating challenges for consumers whose budgets are being stretched thinner and thinner every single month.

The Democrat solution to all of this? Ram through a partisan $3.5 trillion package that will further increase taxes on the American people and completely disregard rising inflation.

It is pretty simple.

Raising taxes, less jobs.

Lower tax, more jobs.

Congress must return to some fiscal sanity and Democrats must resist the temptation to spend our way out of this situation, as rising inflation and the growing national debt become an unrelenting enemy.

In God we trust.

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