[Congressional Record Volume 167, Number 128 (Wednesday, July 21, 2021)]
[House]
[Page H3767]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         INFLATION IS TAXATION

  (Mr. WILLIAMS of Texas asked and was given permission to address the 
House for 1 minute.)
  Mr. WILLIAMS of Texas. Madam Speaker, I rise today to recognize the 
impact of rising inflation on American consumers.
  The Consumer Price Index jumped by 5.4 percent this year through 
June, the largest year-over-year gain since 2008. From the higher cost 
of gas, to the higher price of used cars, to the price of food at your 
local grocery store, small businesses and Americans are paying more for 
goods and services, due in large part to government spending during 
COVID-19 and now Democrats' reckless economic agenda.
  It is as simple as this: Inflation is taxation.
  As a small business owner for 50 years, I can tell you these 
increased prices are creating challenges for consumers whose budgets 
are being stretched thinner and thinner every single month.
  The Democrat solution to all of this? Ram through a partisan $3.5 
trillion package that will further increase taxes on the American 
people and completely disregard rising inflation.
  It is pretty simple.
  Raising taxes, less jobs.
  Lower tax, more jobs.
  Congress must return to some fiscal sanity and Democrats must resist 
the temptation to spend our way out of this situation, as rising 
inflation and the growing national debt become an unrelenting enemy.
  In God we trust.

                          ____________________