In a speech this week on the floor of the U.S. House of Representatives, U.S. Rep. Barry Moore (R-Enterprise) railed against the Biden administration and congressional Democrats over their “reckless” spending agenda, which he asserted had fueled the national inflation crisis.
According to Moore, Democrat lawmakers failed to heed the warnings of Republicans who feared that excessive spending would further devalue Americans’ purchasing power.
“In the last 15 months, President Biden and House Democrats have dumped trillions of dollars on a struggling economy already weighed down by left-wing overspending,” noted the congressman. “We warned them that if they continued to print money to fund their reckless liberal wish list, inflation would hammer the American people.”
He added, “Now, inflation will cost the average American family an extra $5,000 this year. Folks are traveling less, their buying less because of Joe Biden. Inflation is crushing the working class people.”
Moore touched on legislation he introduced, the Household Income Tax Suspension (HITS) Act, which would see the tax liability of many Americans cut in half.
“Last week, I introduced the Household Income Tax Suspension Act to provide the equivalent of a 6-months Federal income tax holiday for millions of hard-working Americans. Americans want relief,” he proclaimed. “Let’s allow them to keep more of their own money instead of weighing down the economy with ineffective stimulus. This is common sense. We need to put more money back into the American people’s pockets.”
Dylan Smith is a staff writer for Yellowhammer News. You can follow him on Twitter @DylanSmithAL
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