[Congressional Record Volume 168, Number 149 (Thursday, September 15, 2022)]
[House]
[Page H7847]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
BIDENFLATION IS A TAX ON ALL AMERICANS
(Mr. WILSON of South Carolina asked and was given permission to
address the House for 1 minute and to revise and extend his remarks.)
Mr. WILSON of South Carolina. Mr. Speaker, inflation is at the
highest in over 40 years. Yet, by passing the inflation expansion act,
Biden and the Democrats are further plunging American families into
debt and destroying jobs.
Signed into law by President Biden, the Congressional Budget Office
reports this bill will increase the deficit through 2026 and cost
working families an additional $60 billion.
Families are paying 14 percent more at the grocery store, according
to the Bureau of Labor Statistics--the largest 1-year jump since 1979.
Eggs are up 40 percent. Milk is up 17 percent. Bread is up 16 percent.
Since Biden took office, inflation has surged 13 percent, while wages
have only risen 8 percent over the same period. The inflation crisis
has cost the average American worker over $3,000 in annual income.
Bidenflation is a tax on all Americans.
In conclusion, God bless our troops who successfully protected
America for 20 years as the global war on terrorism moves from a safe
haven in Afghanistan to America.
God bless victory for Ukraine.
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