Inflation Affects the Holidays

Floor Speech

BREAK IN TRANSCRIPT

Mr. NEWHOUSE. Mr. Speaker, this holiday season, many parents in Washington's Fourth Congressional District and across the Nation will struggle to afford a special holiday meal for their family or buy presents for their children.

The hard truth is that under the President's self-proclaimed Bidenomics agenda, we have seen trillions spent, causing inflation to skyrocket to a 40-year high.

Americans today are still struggling to afford everyday expenses because families are spending over $11,000 more this year than last to purchase the same basic goods.

Mr. Speaker, this Congress, we have been working to rein in the out- of-control spending that this administration promotes and pursues. Over the summer, House Republicans successfully passed the Fiscal Responsibility Act to restore sanity, limit inflationary spending, and lift Americans out of poverty, but there is more work to be done.

As a member of the House Appropriations Committee, I am proud of our efforts in mitigating the damage done by Big Government spending and reintroducing a commonsense, conservative approach to the way we use taxpayer dollars. We must continue to foster an economy that works for the American people rather than against them.

On that note, I wish everyone a merry Christmas and a happy new year.

BREAK IN TRANSCRIPT

Source