Rising Inflation Hurts Us All

Floor Speech

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Mrs. BICE of Oklahoma. Madam Speaker, I rise today to address the ongoing economic crisis our Nation is facing.

Study after study has found that the Democrats' budget proposals attack every part of our economy, from gas prices to groceries to middle-class workers and small businesses. Americans are struggling to make a living.

Gas prices have skyrocketed to $3.15 per gallon, the highest price for a gallon of gasoline since 2014 and a 42 percent increase from last year. As we continue to fall back into pre-pandemic routines, families hoping to travel this summer can't afford the rising prices for fuel.

I am also deeply concerned by the rising costs of everyday necessities. Over the past year, consumer prices have shot up 5.4 percent, reflecting the biggest increase since 2008, which was the last economic crisis the United States faced.

The bottom line is that hardworking American families cannot withstand the negative impacts of rising inflation. As long as this administration continues to spend trillions of dollars on failed policies, Americans will be left to foot the bill. I will continue to fight to ensure Oklahoma families and businesses do not suffer more in this economic crisis.

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