The Republican Commitment to a Strong Economy
Cost of Living
Fight InflationLower the Cost of Living
Everyone knew that wasteful Washington spending would spur inflation. Millions in hardworking taxpayer dollars were sent to luxury resorts and ski slopes, even stimulus checks to prisoners like the Boston Marathon bomber. Yet after more than a year of crushing inflation, Democrats still have no plan to solve it. Americans can’t afford Democrats’ policies, but we are certainly all paying for them.
Total government spending has increased by over $9 trillion since February 2021
In June, inflation had increased nearly 550% under this Administration
Year-over-year food prices are edging up 13.5%, the largest increase ever
Show our plan to fix the economy and revive the American Dream
We have a plan to fix the economy and revive the American Dream:
Curb wasteful government spending that is raising the price of groceries, gas, cars, and housing, and growing our national debt
Increase take-home pay, create good-paying jobs, and bring stability to the economy through pro-growth tax and deregulatory policies
The Biden Administration's victory lap for the so-called Inflation Reduction Act—on the same day new data shows Democrat-induced inflation continues to surge—is a slap in the face to Americans being clobbered by higher prices. https://t.co/ej2JPICf7p— Patrick McHenry (@PatrickMcHenry) September 13, 2022
If you’ve had a constant salary for the past two years, Democrats’ failed policies have taken more than one month of your income away each year. That means you’ve effectively received a pay cut.
Make America Energy IndependentReduce Gas Prices
Not long ago, America was the largest energy producer in the world and gas was affordable. The Biden Administration then halted energy projects, shut down pipeline construction, and took every step to discourage the production of American energy resources. Americans shouldn’t have to choose between driving to work and putting food on the table.
Gas prices shot up more than 60% under the current Administration
While the Biden Administration canceled leases and discouraged oil and gas production on day one, Presidents Trump and Obama each approved 10 times as many leases during the same period of their presidencies
Electricity prices are up 20% since Biden took office
Show our plan to regain American energy independence and lower prices at the pump
We have a plan to regain American energy independence and lower prices at the pump:
Maximize production of reliable, American-made energy
Cut the permitting process time in half to reduce reliance on foreign countries, prevent rolling blackouts, and lower the cost of gas and utilities
Americans must be able to rely on power for their homes and businesses, and the government has a responsibility to make choices that prioritize keeping the lights on regardless of the weather. Instead, the Biden administration wants to take the California model national, trade American energy for foreign dependence, and make U.S. energy more expensive and less competitive.
Strengthen the Supply ChainEnd Dependence on China
The frightening supply shock of baby formula this year was the tip of the iceberg of a broken supply chain that has increased costs and left store shelves empty. Record inflation is driving increases in the price of everyday essentials, while our country remains dangerously reliant on foreign countries like China for critical supplies, medicines, and technology.
Nearly 80% of small businesses said supply chain issues have persisted or gotten worse in the last three months
In June, baby formula was out of stock in over 70% of the country
Fertilizer prices have increased 30% in 2022, after increasing by 80% in 2021
Show our plan to restock our shelves and get people the goods they need
We have a plan to restock our shelves and get people the goods they need:
Move supply chains away from China
Expand U.S. manufacturing
Enhance America’s economic competitiveness and cyber resiliency
The Biden administration knew last year that a nationwide shortage of baby formula could happen but failed to prevent it. The silence from the White House and the FDA was unacceptable as parents across the country worried about feeding their children. Unfortunately, Democrats in Washington prioritized pushing through their social spending and tax scams before addressing our supply chain and ports crises. Now, American consumers have been left paying the price.