[Congressional Record Volume 169, Number 118 (Tuesday, July 11, 2023)]
[House]
[Pages H3182-H3183]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       BIDENOMICS REDUCES INCOME

  (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, sadly, Biden wants 
Americans to believe his policies are working, but his borrow, tax, and 
spend Bidenomics created a 40-year-high inflation, causing families to 
suffer from skyrocketing energy and grocery costs and from discouraging 
increases in rent and mortgages.
  While Biden says that his hourly wages have increased, the reality is 
that prices have risen faster and incomes have actually reduced.
  According to the Committee to Unleash Prosperity, using Bureau of 
Labor Statistics data, the number of hours worked per week has 
declined. This amounts to the average family losing $5,600 in annual 
purchasing power.
  The Republican House majority is working to correct this, having 
recently passed the Fiscal Responsibility Act to rein in government 
overreach and limit inflationary spending, creating jobs.
  In conclusion, God bless our troops who successfully protected 
America for 20 years as the global war on terrorism continues, moving 
from the Afghanistan safe haven to America with open Biden borders.

[[Page H3183]]

  

                          ____________________