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Washington, D.C. – House Republican Leader Kevin McCarthy (CA-23) issued the following statement in response to the latest report on inflation.

“The Joe Biden plan for increasing Americans’ standard of living is a complete failure. The cost of getting by in the United States is increasing at a faster rate today than it has in 30 years. And with the holidays around the corner, the Biden administration has only exacerbated the anxiety families face as we approach the most expensive Thanksgiving on record that will involve soaring prices and a scarcity of goods.

“Americans see it with their own eyes: ships are stacked up at our ports, shelves in stores that are empty, and heating and gas prices continue to rise. All of these problems add direct pressure on American families’ pocketbooks.

“Meanwhile, President Biden and Speaker Pelosi are only focused on spending trillions of dollars – on top of the extraordinary $2.3 trillion Washington Democrats already enacted this year – that will inevitably make each of these crises worse. The American people want an end to the chaos this administration has created, and today’s data is clear: we can’t afford the consequences of the Democrats’ failed agenda.” 

Tags: Economy