08.10.22

Democrats Cheer 8.5% Inflation That Is Crushing Americans

LOUISVILLE, KY – U.S. Senate Republican Leader Mitch McConnell (R-KY) issued the following statement this afternoon regarding inflation:

“Only these reckless Washington Democrats could see another month of crushing 8.5% inflation and try to spin it as a win for themselves.

“Prices keep skyrocketing upward at historic rates. Democrats have hammered working families with the worst food inflation and grocery inflation since 1979. The American people are paying a Democrat Inflation Tax of more than 13% extra when they feed their families, 15% extra on their electric bill, more than 6% extra on their rent payments — and on and on.

“Even if the average American worker has gotten a raise on paper, their paycheck today buys a full 3% less than it bought them last summer. Democrats have mounted an economic assault on the savings, the stability, and the lifestyles that families spent years sacrificing to achieve.

“Americans want Washington to cut inflation, fight crime, and secure the border. So naturally, last weekend, Democrats spent hundreds of billions more dollars doing none of that. Senate Democrats treated themselves to 87,000 new IRS agents, job-killing tax hikes, Green New Deal waste that will not even change the climate, and a bill that experts confirm will not cut inflation.

“For 18 months, Democrats have delivered huge slush funds for their friends and huge real pay cuts to working families. Fewer than 20% of Americans say this economy is good. Only Washington Democrats call that a success.”

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Related Issues: Senate Democrats, Inflation