search
Sections List
American Journal News

6 weeks in, the House Republican majority has done nothing to curb inflation

Republican lawmakers continue to complain about high consumer prices and hold votes on unrelated bills.

By Josh Israel - February 15, 2023
Share
Kevin McCarthy and Steve Scalise
FILE - House Minority Leader Kevin McCarthy, R-Calif., left, confers with Minority Whip Steve Scalise, R-La., during a news conference about the appropriations process by the majority Democrats to fund the government, at the Capitol in Washington, Dec. 14, 2022. (AP Photo/J. Scott Applewhite, File)

The Bureau of Labor Statistics released on Tuesday released January data indicating that inflation has slowed compared to a year ago and to December, but prices paid by consumers are still going up. House Republicans, who have yet to take any action to make goods more affordable, marked the day by tweeting about inflation and blaming President Joe Biden and Democratic policies.

Some blasted the high price of eggs, a phenomenon being fueled by global bird flu outbreaks, not government spending.

House Speaker Kevin McCarthy called Tuesday “The most expensive Valentine’s Day ever,” and shared a meme of Biden next to the words “Roses are up, Violets are up… chocolate is up, dinner is up, flowers are up, eggs are up.”

Avery Whitehead, deputy platforms director for the White House, responded, “Bummed my partner and I can’t sit down to our annual Valentine’s Day egg dinner this year.”

“President Biden is in denial and has no plan to stop the inflation he started,” House Ways and Means Chair Jason Smith said in a press release on Tuesday. “At the Ways & Means Committee, we will look to advance policies which will help workers, families, small business owners, and farmers trying to find relief from the economic hardships created by one party rule in Washington.”

But six weeks into Republican control of the House, GOP lawmakers have brought no legislation to curb inflation or reduce prices to the floor. The very few economic policy bills they have brought to the floor could actually make the problem worse.

The recent spike in inflation began under then-President Donald Trump in 2020 as the nation dealt with supply chain disruptions caused by the coronavirus pandemic.

House Republicans opposed Democratic legislation to curb inflation in 2022. Not a single one voted for a May 2022 bill that would have cracked down on price gouging, as fossil fuel companies reported record profits in 2022 as prices increased.

Despite united GOP opposition, Democrats enacted the Inflation Reduction Act last summer, investing in energy and climate change infrastructure and reducing the federal budget deficit by hundreds of billions of dollars.

Since its passage, inflation has ebbed significantly, down to 6.4% in January from 9.1% last June.

While Republicans made inflation a key issue in the 2022 midterm elections and after winning a narrow majority in the House vowed to take action to address it, internal divisions in the Republican Party have led to the stalling of much of their agenda.

Six weeks into the new Congress, Republicans have held 119 roll call votes. Fifteen of those were to decide who would be House speaker. Others have been votes on proposals to overrule the District of Columbia’s local elected government, to prevent teleworking by federal government employees, to denounce “the horrors of socialism,” and to eliminate COVID-19 safety rules.

They also voted along party lines for a bill to undo provisions in the Inflation Reduction Act that allow the Internal Revenue Service to crack down on wealthy tax cheats. The nonpartisan Congressional Budget Office estimates that if the bill becomes law, it will cost the federal government more than $185 billion in lost revenue over the next decade, significantly increasing the deficit.

And they approved legislation to make it harder for Biden and future presidents to address energy costs spikes by restricting use of the Strategic Petroleum Reserve. Biden successfully used fuel releases in 2022 to drive down gas prices and brought in billions of dollars in revenue to the federal government in the process.

House Republicans have said they will insist on significant cuts to “wasteful government spending,” which they say is part of their “commitment” to “fight inflation and lower the cost of living.” Thus far, they have offered no specifics about what those cuts will be.

With a Democratic Senate, their bills are unlikely to make it to Biden’s desk or past his veto pen.

Published with permission of The American Independent Foundation.


AJ News
Get the latest news here first.

Tai News

Newsletter
Read More
AJ News
Latest
Republican Eric Hovde makes inconsistent statements about family history

Republican Eric Hovde makes inconsistent statements about family history

By Jesse Valentine - February 26, 2024
Republican David McCormick invests millions in website that platforms Holocaust denial

Republican David McCormick invests millions in website that platforms Holocaust denial

By Jesse Valentine - February 09, 2024
Lawmakers will again take up bills expanding, tightening gun laws

Lawmakers will again take up bills expanding, tightening gun laws

By Annmarie Timmins, New Hampshire Bulletin - January 31, 2024
UAW delivers rousing presidential endorsement for Biden over ‘scab’ Trump

UAW delivers rousing presidential endorsement for Biden over ‘scab’ Trump

By Ashley Murray, States Newsroom - January 24, 2024
Republicans Sam Brown and Jeff Gunter sling mud in Nevada senate primary

Republicans Sam Brown and Jeff Gunter sling mud in Nevada senate primary

By Jesse Valentine - January 17, 2024
A Young Texas Woman Almost Died Due To The Texas Abortion Bans – Now She’s Battling To Save Other Women

A Young Texas Woman Almost Died Due To The Texas Abortion Bans – Now She’s Battling To Save Other Women

By Bonnie Fuller - January 10, 2024
Health care legislation preview: Maryland advocates want to focus on access, patients in 2024 session

Health care legislation preview: Maryland advocates want to focus on access, patients in 2024 session

By Danielle J. Brown, Maryland Matters - January 08, 2024
How GOP senate hopefuls try to excuse the  January 6 insurrection

How GOP senate hopefuls try to excuse the  January 6 insurrection

By Jesse Valentine - January 05, 2024
NH lawmakers will be taking up major voting bills this year. Here are some to watch for.

NH lawmakers will be taking up major voting bills this year. Here are some to watch for.

By Ethan DeWitt, New Hampshire Bulletin - January 04, 2024
Republican US Senate candidates want to make Trump’s tax cuts permanent 

Republican US Senate candidates want to make Trump’s tax cuts permanent 

By Jesse Valentine - December 22, 2023
Rand Paul went all in on the Kentucky governor’s race. It didn’t work.

Rand Paul went all in on the Kentucky governor’s race. It didn’t work.

By - December 15, 2023
Texas governor and attorney general do little to curb state’s chemical plant crisis

Texas governor and attorney general do little to curb state’s chemical plant crisis

By Jesse Valentine - December 08, 2023
Likely GOP Senate candidate Eric Hovde proposed tax hike for poorer workers and retirees

Likely GOP Senate candidate Eric Hovde proposed tax hike for poorer workers and retirees

By Jesse Valentine - December 07, 2023
Whitmer signs specific criminal penalties for assaulting health care workers into law

Whitmer signs specific criminal penalties for assaulting health care workers into law

By Anna Liz Nichols, Michigan Advance - December 06, 2023
105 Republicans voted to expel Santos for things Trump has also done

105 Republicans voted to expel Santos for things Trump has also done

By Jesse Valentine - December 05, 2023
For Texas Sen. Ted Cruz, another Trump term is another chance to kill Obamacare

For Texas Sen. Ted Cruz, another Trump term is another chance to kill Obamacare

By Jesse Valentine - December 04, 2023
Florida Sen. Rick Scott backs Donald Trump in revived push to repeal Obamacare

Florida Sen. Rick Scott backs Donald Trump in revived push to repeal Obamacare

By Jesse Valentine - November 30, 2023
Tate Reeves took donations from power company that hiked customer rates

Tate Reeves took donations from power company that hiked customer rates

By Jesse Valentine - November 06, 2023
Daniel Cameron ran on depoliticizing the Kentucky AG’s office. He made it more political.

Daniel Cameron ran on depoliticizing the Kentucky AG’s office. He made it more political.

By Jesse Valentine - November 03, 2023
Republican operatives sound every alarm on current trajectory of 2023 governor’s race

Republican operatives sound every alarm on current trajectory of 2023 governor’s race

By Adam Ganucheau, Mississippi Today - October 24, 2023
Republican Bernie Moreno opposes existence of minimum wage

Republican Bernie Moreno opposes existence of minimum wage

By Jesse Valentine - February 23, 2024
Texas Gov. Greg Abbott floats building a wall on the Oklahoma border

Texas Gov. Greg Abbott floats building a wall on the Oklahoma border

By Jesse Valentine - February 22, 2024
More than 48,600 18-year-olds are registered to vote in Ohio, a 35% increase from late August

More than 48,600 18-year-olds are registered to vote in Ohio, a 35% increase from late August

By Megan Henry, Ohio Capital Journal - February 22, 2024
Not if, but when: Parents of slain Parkland students urge Utah lawmakers to pass school safety bill

Not if, but when: Parents of slain Parkland students urge Utah lawmakers to pass school safety bill

By Kyle Dunphey, Utah News Dispatch - February 21, 2024
Key takeaways from Monday’s U.S. Senate Ohio Republican primary debate

Key takeaways from Monday’s U.S. Senate Ohio Republican primary debate

By Nick Evans, Ohio Capital Journal - February 20, 2024