[Congressional Record Volume 168, Number 116 (Thursday, July 14, 2022)]
[House]
[Page H6512]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     INFLATION HITS A 40-YEAR HIGH

  (Mr. WILLIAMS of Texas asked and was given permission to address the 
House for 1 minute.)
  Mr. WILLIAMS of Texas. Mr. Speaker, just this week June's inflation 
numbers hit a 40-year high at 9.1 percent, and average hourly earnings 
hit a new low.
  Instead of providing relief for American families and job creators, 
Democrats are working on new tax increases. Amidst a potential economic 
recession and rampant inflation, this tax hike will crush Main Street 
America, impacting 88,000 businesses just in Texas alone.
  As a small business owner for over 50 years, I can tell you that 
Democrats' out-of-touch policies are making it harder to operate a 
business. Inflation is making it more expensive to purchase goods and 
make ends meet, and Democrats' tax hike will further cut the operating 
margins, making it harder to grow and compete.
  While the economy is struggling, we should be cutting taxes, not 
raising taxes. We must put an end to the Democrats' tax-and-spend 
agenda and focus on building a stronger Main Street. Bottom line is, we 
need businesspeople in Washington.
  In God we trust.

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