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Bidenflation

Floor Speech

By: John Rose
By: John Rose
Date: March 13, 2024
Location: Washington, DC

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Mr. ROSE. Mr. Speaker, prices for everyday goods continue to climb due to the economic policies of the Biden administration. The latest Consumer Price Index report was up 3.2 percent from last year.

Mr. Speaker, I rise in support of hardworking families I represent in Tennessee who are making hard choices to stay afloat. If they are having to tighten their belts, the Federal Government should do the same.

President Biden's answer is to raise taxes even more, but we don't have a revenue problem, in Washington we have a spending problem.

In fiscal year 2022, the Federal Government collected $850 billion more in tax revenue than the year before. Yet, the Federal Government spent $1.4 trillion more than we brought in.

Last year, the Federal Government spent $1.7 trillion more than it collected. That is just one of many reasons why I am opposed to the President's $7.3 trillion budget.

We cannot continue spending more money that we don't have.

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