Today, Rep. Ron Kind joined the New Democrat Coalition in releasing a multi-pronged action plan to fight inflation, lower prices on essential goods and services, and provide relief to American workers, families, and businesses. Thanks to the American Rescue Plan getting shots in arms and people back to work, and the Bipartisan Infrastructure Law reversing decades of underinvestment in our nation's infrastructure, our economy has made a historic recovery. However, global inflation remains a challenge.
In February, Rep. Kind helped form a first-of-its-kind New Dem Inflation Working Group that meets with economists, policy experts, and administration officials to develop and advance solutions to tackle short- and long-term inflationary pressures. This action plan is a result of months of work in Congress and will serve as a critical guide to lowering prices by strengthening supply chains, addressing labor shortages, reducing trade barriers, and making everyday necessities more affordable.
"Thanks to the American Rescue Plan and the Bipartisan Infrastructure Bill, we've seen a strong recovery and even record economic growth. However, real challenges remain and global inflation is hitting families hard. Wisconsinites are feeling the sting of high prices at the gas pump and grocery store," said Rep. Ron Kind. "That's why I've been working alongside my colleagues in Congress, the Biden Administration, and experts to identify concrete solutions. I'm committed to lowering prices and creating a strong, stable economy for today and generations to come."
This plan aims to lower costs for families and address inflation by:
* Strengthening global supply chains
* Suspending and reducing tariffs and other trade barriers
* Getting more people back to work
* Reducing out of pocket costs for Americans
* Lowering the price of food
* Investing in the long-term fiscal strength of our nation and families