[Congressional Record Volume 167, Number 111 (Friday, June 25, 2021)]
[House]
[Page H3151]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  HAVE CBO ISSUE INFLATION PROJECTIONS

  (Mr. MEUSER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. MEUSER. Madam Speaker, the American people deserve to know the 
true cost of government spending.
  Last month, working families adjusted their budgets around a 5 
percent jump in prices, an effect of the $1.9 trillion American Rescue 
Plan that many economists predicted would occur.
  Despite these predictions coming true, many Democrats--not all, I 
hope--are eager to use the same partisan budget reconciliation process 
again to spend even more.
  That is why I have introduced the Stop Inflationary Spending Act to 
require the nonpartisan Congressional Budget Office to project the 
inflationary impact of reconciliation bills. This would mean the 
American people would know the impact on their family budget before 
Democrats use a partisan process to spend $6 trillion on unaffordable 
initiatives that dramatically increase the role of government in their 
lives and constrain growth in the real economy, which is the private-
sector innovators, entrepreneurs, and hardworking people.
  Madam Speaker, inflation is a tax on everyone. When inflation was a 
significant concern in the 1980s, CBO issued inflationary projections 
for individual bills. Restoring this practice for reconciliation bills 
that spend big is a commonsense reform.

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