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Currently showing results related to Inflation
Democrats’ Runaway Inflation Hits Another 40-Year High
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding the economy: "This morning, this all-Democrat government produced yet another absolutely terrible inflation report. "Inflation during the month of June shattered the experts' predictions. We are at 9.1% annual inflation. "Yet another fresh 40-year high. The most out-of-control inflation that American families have seen since the early 1980s. "Food costs … Continue Reading
07.12.22
As Inflation Hammers Small Businesses, Democrats Float Huge Small Business Tax Hike
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding the economy: "We all know inflation and the economy are the biggest problems facing Americans today. "The New York Times released a poll yesterday showing a full 93% of working-age Americans are dissatisfied with the state of our economy. "We are a big and diverse country. 93% of Americans hardly ever agree on anything. But Democrats are unifying the coun… Continue Reading
07.11.22
Democrats Want to Tax Working Americans into Recession
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding the economy: "'People have literally become poorer, by any concept, over the last year… It should not be a mystery why people are worried.' "That was top liberal economist, Jason Furman, last month. And he was right on both counts. "Democrats' reckless inflationary spending has already slapped what amounts to a gigantic tax hike on working American… Continue Reading
06.22.22
Inflationary Gas Tax Gimmick Won’t Hide Democrats’ Policy Failures
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding the gas tax gimmick: "This morning, the Biden Administration announced another ineffective stunt to mask the effects of Democrats' war on affordable American energy: Calling for a holiday in the federal gas tax. "This ineffective stunt will join President Biden's other ineffective stunt on gas prices: emptying out the Strategic Petroleum Reserve that we ne… Continue Reading
06.16.22
Biden Administration’s Anti-Energy Policies Are Fueling Inflation
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding energy policy: "Tomorrow, President Biden will host the Major Economies Forum on Energy and Climate. "Meanwhile, working Americans will continue to face the consequences of his disastrous energy and climate policies. "While President Biden and his team have declared a holy war on America's domestic production, average gas prices have soared to over $5. By… Continue Reading
06.16.22
Democrats May Have Inflated America Toward a Recession
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding stagflation: "Before Democrats dumped $2 trillion on the economy last year, experts warned that such reckless spending would not just raise prices for working families, but could also trigger a full-on recession. "In February of 2021, for example, a prominent economist testified right here on Capitol Hill that Democrats' runaway spending might back the Fed… Continue Reading
06.13.22
Democrats’ Runaway Inflation Is Still Getting Worse
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding inflation: "Runaway inflation has pushed workers and families to the breaking point. "According to one recent poll, nearly 60 percent of Americans are making an effort to drive less and cut back on electricity use. "3 in 4 are pinching their budgets for food and entertainment outside the home. And two-thirds are bracing for prices to climb even higher in … Continue Reading
06.07.22
Soaring Gas Prices, Runaway Energy Costs, and Dependence on China
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding energy: "In 2019, while running for the White House, President Biden made a public promise: 'I guarantee you we're going to end fossil fuels.' "Once in office, he wasted no time starting down that path. And working families are paying the price. "During the previous Administration, under Republican policies, our nation became a net exporter of oil for the… Continue Reading
06.06.22
Democrats’ Historic Inflation Is Failing Families
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding inflation: "Last week, we paused to honor the men and women who have paid the ultimate sacrifice in service to our nation and in defense of our freedoms. "For families across America, the long holiday weekend also kicked off the excitement of summer traditions. But unfortunately, a year and a half into the failed policies of this all-Democrat government, e… Continue Reading
05.26.22
Democrats’ Economy: Harder to Fill the Tank, Harder to Get By
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding inflation: "In America, inflation has topped 5% every month for the past year. The consumer price index continues to hover at levels our economy hasn't seen in four decades. "And as we head into Memorial Day weekend, the American people have become reluctant experts in its painful, real-life effects. "The average working family is now spending the equival… Continue Reading
05.24.22
“Biden Plan” Has Bought Americans Historic Hardships
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding inflation: "On the campaign trail, Candidate Biden made some big promises for America's economic recovery. His campaign published 'The Biden Plan to revitalize Main Street and invest in small businesses' and another 'to give America's working families the tools, choices, and freedom they need to build back better.' "So, just how have working families and s… Continue Reading
05.19.22
Record High Gas Prices Reflect Democrats’ Misunderstanding
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding gas prices: "Today, the average price that American families pay for regular unleaded set an all-time high for the tenth day in a row. Ten straight days of record-breaking gas prices. "Getting to work, running errands, driving to church, visiting loved ones, hitting the highway for a modest family vacation - all of it costs 88% more at the pump today than … Continue Reading
05.17.22
Democrats’ Far Left Policies Have Made Inflation Families’ New Normal
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding inflation: "By early 2020, before the pandemic, Republican policies had helped create one of the best economic moments for working Americans in our lifetimes. "Unemployment was low, inflation was low, and real take-home pay was rising steadily. In fact, we had wages rising faster for the bottom 25% of the wage scale than for the top 25%. "The incoming a… Continue Reading
05.11.22
Another Awful Inflation Report On Democrats’ Watch
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding inflation: "The country just received yet another terrible inflation report. "Yet again, overall inflation came in higher than expected: 8.3 percent. Inflation continues to stick right around its worst level in 40 years. "The measure the Bureau of Labor Statistics calls 'core inflation' increased in April by twice as much as it increased in March. "Food … Continue Reading
05.10.22
Democrats Pushing Radical Partisans for Key Government Posts
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding nominations: "This week, our Democratic colleagues want a second run at some controversial nominees who stalled out last month. "Today, Senate Democrats will try again to confirm Professor Lisa Cook to the Federal Reserve Board. "Professor Cook has no proven expertise in monetary economics at all, much less fighting inflation. One of her main supposed qua… Continue Reading
05.10.22
Painful High Prices are Families’ New Normal
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding inflation: "This all-Democrat government has managed a unique kind of economic turnaround. They took an economy that was ready to soar, turned it around, and drove it into the ground. "American families are being crushed by 8.5 percent inflation. Democrats' policies have unleashed the worst inflation in more than 40 years. "Last March, the Senate Democrat… Continue Reading
05.05.22
Democrats Want Working Families to Eat Elites’ Grad School Debt
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding inflation and student loan socialism: "In Albany, New York, a grandmother of four reported recently that rising prices have forced her and her husband, a retired NYPD officer, to cut back on eating out. 'I feel it in the pocketbook,' she said. "In Grand Rapids, Michigan, one young family reported that before inflation took off, 'the paycheck went a little … Continue Reading
05.03.22
Democrats’ Plan For American Energy: Even Less Available, Even More Expensive
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding energy policy: "An unfortunate routine keeps playing itself out with the Biden Administration. First, they implement bad policies that create problems. Then, they propose solutions that are really just more bad ideas. "Case in point: Inflation. Democrats spent last spring unleashing a deluge of reckless spending on our recovering economy. They spent the re… Continue Reading
04.28.22
Democrats Who Fueled Inflation Now Want Giant Tax Hikes
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding inflation: "Runaway inflation is crushing working American families on Democrats' watch. "The share of Americans who say the economy is our most important problem hasn't been this high since the last time Democrats controlled the White House. "Just this morning, we got a devastating quarterly GDP report. The economy shrank - shrank - 1.4% over the last th… Continue Reading
04.25.22
Democrats’ Runaway Spending Fueled Runaway Prices Facing Families
WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding inflation: "The Senate reconvenes today after Passover and Easter to begin a new work period. But unfortunately, the biggest problem facing the American people is the still same as it has been all year long. "Rising inflation is continuing to inflict painful consequences on working families across our country. This painful problem isn't getting better. It'… Continue Reading
