Sen. Rick Scott to COMPETES Act Conferees: Protect Taxpayers, Ensure ROI Analysis

Statement

Today, Senator Rick Scott released the below statement following the latest Producer Price Index (PPI) release from the Bureau of Labor Statistics (BLS), which showed inflation continued to rise in April increasing 11.0% over the year.

Senator Rick Scott said, "Americans want one thing from Joe Biden right now: take ownership of the raging inflation crisis you have created and take action NOW to fix it. Families want Biden to show up and do the job, but he just hides in the White House and points fingers at others. The sad reality is that Blame-Game Biden has no plan to bring inflation down. Biden is unwell, incoherent and unfit for office. It's clear that the most effective thing Joe Biden can do to solve the inflation crisis he created is resign. HE IS THE PROBLEM. His reckless spending is what fueled this inflation. But instead of charting a path forward, he's obsessing over my plan to rescue America from the suffering he's caused. American families deserve better and that starts with ending reckless spending, balancing the budget and getting this country back on the path to economic prosperity."

According to today's PPI release, price increases over the year in April included:

Eggs: +161.3%
Home Heating Oil: +118.4%
Wheat: +84.8%
Gasoline: +55.0%
Truck Transportation: +27.4%
Dairy Products: +20.4%
Construction: +19.6%
Food: +16.3%

Since being elected to the U.S. Senate, Senator Scott has repeatedly urged action to address America's debt crisis and the harmful effects of inflation. Click HERE for a comprehensive list of his statements and actions on this urgent issue.

Source