[Congressional Record Volume 167, Number 127 (Tuesday, July 20, 2021)]
[House]
[Page H3677]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
EMPOWERING THE FREE MARKET
The SPEAKER pro tempore. The Chair recognizes the gentleman from
Texas (Mr. Nehls) for 5 minutes.
Mr. NEHLS. Madam Speaker, the Consumer Price Index rose 5.4 percent
in the last year, the highest inflation in 13 years.
Americans are paying more for nearly everything. According to the
Bureau of Labor Statistics, the price of milk is up 5.6 percent; the
price of fruit is up 7.3 percent; and the price of gas is up a whopping
45 percent.
Americans are paying more for goods and services because of the
Democrats' out-of-control spending. Despite the dire economic state
Democrats' reckless spending has put us in, they are now trying to ram
through a partisan $3.5 trillion package that will raise taxes on the
middle class and job creators.
What are Democrats telling American businesses to do when they are
going to raise taxes and impose regulations on them as they try to
rebuild in the aftermath of a pandemic? They are telling them to take
their business overseas.
To bounce back from the Biden administration's dismal job reports in
consecutive months, we need to be stimulating economic opportunity and
growth with less taxes and less regulation. Doing so will help spur the
creation of good-paying jobs that encourage people to get back in the
workforce.
What won't fix it is continuing to throw money at the economy, which
seems to be all the Washington swamp knows how to do. The Democrats'
liberal tax-and-spend model is failing our economy and failing the
American people.
We are not going to spend our way out of this mess with trillion-
dollar programs that do nothing but serve liberal special interests. We
do it by letting the free market flourish through lower taxes, lower
regulation, and more economic freedom.
It worked under President Trump when he set records in unemployment,
and it will work again if only the Federal Government would get out of
the way and empower the people and the free market.
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