Taking Steps to Rein In Bidenflation

Millions of hard-working Americans are feeling pain each time they buy food at the grocery store or fill their car up with gas. 

• Food has increased by 10.1 percent
• Electricity has increased by 11.9 percent
• Utility natural gas has increased by 26.7 percent

President Biden recently claimed, “Inflation is coming down. Take-home pay for workers has gone up.” 

That was a lie. 

In January 2021, when President Biden first entered the White House, the inflation rate was 1.4 percent. In January 2023, the annual inflation rate hit 6.4 percent. 

Under President Biden, real average hourly earnings have fallen by about 4 percent. Over the past 12 months, real average hourly earnings have decreased by 1.8 percent.

Because of President Biden’s and the Democrats’ inflationary policies, Americans have lost roughly $10,000 in savings. 
 
It’s time to take real action, audit the Biden Administration’s wasteful spending, and reverse Democrats’ self-made inflation crisis. 

House Conference Chair Elise Stefanik’s legislation, H.R. 347, the Reduce Exacerbated Inflation Negatively Impacting the Nation Act, requires the Office of Management and Budget and the Council of Economic Advisers to provide an inflation estimate for each Executive Order that is projected to cause an annual gross budgetary effect of at least $1 billion.