Arizona Congressman Andy Biggs and his Republican colleagues on the Oversight and Reform Committee called on National Economic Council Director Brian Deese to provide answers about how the Biden Administration plans to fix its self-made inflation crisis.
In April inflation increased at its fastest pace in more than a decade. Over the past year, food is up 3.5 percent, gas is up 22 percent, lumber is up 250 percent, housing is up 11 percent, and new cars are up 9 percent.
The Republicans claim the Biden Administration’s economic policies have “disproportionately impacted middle class Americans, especially those hit hardest by Democrat lockdowns.”
“The exponential rise in inflation since the Biden Administration took office shows the clear consequences of massive deficit spending and the fallout from installing an extreme left-wing agenda,” wrote the Republicans. “The Biden Administration has pushed trillions of dollars of taxpayer money out the door with little consideration of the adverse consequences … The obvious consequence of reckless government spending is inflation.”
The Republicans claim that since January, Biden and Congressional Democrats have “rushed trillions of dollars out the door and propose to spend trillions more under the guise of infrastructure and COVID-19 relief.”
The Oversight Republican lawmakers concluded, “Inflation is a regressive tax on hard-working Americans. Those families hardest hit by the burdensome Democrat COVID-19 lockdowns are now the ones hardest hit by the Biden Administration’s harmful economic policies.” In their letter, the Republican lawmakers request any and all information from the Biden Administration relating to their plans to combat inflation before the crisis gets further out of hand.
In their letter, and in what they say is an attempt to “to better understand the Biden Administration’s approach to fighting inflation,” the Republicans have requested the following documents and information, for the period between January 20, 2021 and the present:
- All documents and communications related to the Biden Administration’s strategy to reduce inflation and reduce consumer prices.
- All documents and communications between and among the National Economic Council regarding inflation and the rising Consumer Price Index.
- All documents and communications regarding inflation and the rising Consumer Price Index between the National Economic Council and the Departments of Treasury, Labor, and Commerce.
- All economic and inflation projections created by the National Economic Council or elsewhere in the Biden Administration.
The Republicans are requesting answers “as soon as possible, but no later than June 16, 2021.”