Washington, D.C. – Congressman Fred Keller (R-PA) today released the following statement after co-sponsoring a resolution that would require estimates of the inflationary impacts that all future spending and tax bills would have on low and middle-income families:
“Having grown up poor, I learned very early on in life the value of a dollar. Now, with the prices of everyday goods and services on the rise due to the Biden administration’s economic policies, Americans are spending more and getting less. The very people that President Biden professes to want to help are the ones who are feeling the strain of his policies the most. Every American deserves to know how this administration’s big government spending will impact their lives.”
BACKGROUND:
H. Res. 468, introduced by Congressman Jim Banks (R-IN), reads:
“A detailed analytical statement as to whether, and the extent to which, the increased budget authority, outlays, or revenue produced by the enactment of such bill or joint resolution into law may have an inflationary impact on prices and costs in the operation of the national economy. Such statement shall also include whether, and the extent to which, the inflationary impact would affect the purchasing power of low and middle-income families.”
