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Biden and Harris are Driving America’s Economy into the Ground Senator Rick Scott released the below video calling out the Biden-Harris administration’s failed economic policies that are killing American businesses and economy with his latest quarterly economic snapshot that reveals the true state of the U.S. economy. Senator Scott also released a weekly update on his actions to address the Biden-Harris administration’s economic crisis and skyrocketing inflation. Watch the video HERE or below. Read more HERE . Lea más en español AQUÍ . Since being elected to the U.S. Senate, Senator Scott has repeatedly urged action to address America’s debt crisis and the harmful effects of inflation. Click HERE for a comprehensive list of his statements and actions on this urgent issue and HERE for Senator Scott’s Quarterly Economic Snapshot . Sen. Rick Scott: VP Harris’ Radical Plan for Federal Price Controls Should Terrify Every American On August 15th, Senator Rick Scott released the below statement following reports that Vice President Kamala Harris is proposing federal price controls to combat the historic inflation caused by the Biden-Harris administration’s failed policies, reckless government spending and total war on U.S. energy. Federal price controls are a dangerous and radical policy that will cause tremendous harm to American families and businesses, which is why the Federal Reserve Bank of St. Louis published a report in 2022 titled, “Why Price Controls Should Stay in the History Books .” Senator Rick Scott, “Tomorrow, Vice President Harris, a person who has never built a business, doesn’t understand profit and loss, has never met payrolls, and who has never competed in a consumer market, is going to propose federal price controls. That should terrify every American. She claims that Congress needs to ban ‘price gouging,’ which is already widely illegal and not the cause of high prices. The skyrocketing prices created by the Biden-Harris administration aren’t price-gouging, it’s inflation. Her solution to the Harris Price Hikes she caused is big government on steroids—where Washington bureaucrats stick their hands into American businesses and say what they can and can’t sell a product for. It never works because it causes companies to make much less of something—destroying supply and causing a mass shortage of goods. One day in a middle school economics class would teach her those basic principles. Unfortunately, it’s not surprising to see such a dangerous and clearly flawed proposal come from a career politician who has never run a business. “Getting inflation under control will happen when the federal government stops recklessly spending money it doesn’t have, and we finally beat back the destructive war that the Biden-Harris administration has waged on U.S. energy which has made the cost of everything go up.” Read more HERE . Sen. Rick Scott on CPI Report: Biden-Harris Price Hikes Brings Hardship on American Families Following the latest Consumer Price Index (CPI) release from the Bureau of Labor Statistics (BLS), Senator Rick Scott released the below statement highlighting the need to implement substantive fiscal reforms to end the ongoing inflation crisis fueled by the Biden-Harris administration’s reckless tax-and-spend agenda. July’s CPI data shows that there has been a significant rise in inflation during Biden’s presidency, with CPI increasing 2.9 percent over the year in July 2024. Since the Biden-Harris administration took office, inflation is up 20.3%. Senator Rick Scott said, “For months, Biden-Harris Price Hikes have plagued Americans’ wallets and savings accounts – forcing millions of families to do more with less. Skyrocketing prices for groceries, gas and utility bills across the nation due to the Biden-Harris administration’s failed policies and reckless spending has destroyed the American dream for so many, and for folks like my family growing up, it can feel like digging a hole too deep to climb out of. I am always optimistic about the future of America and our ability to save the American Dream, but we need new leadership that will end the reckless spending and dangerous socialist policies that got us into this mess and are now crushing hardworking Americans every single day. Families have to balance their budgets every day, we must force Washington to do the same. That’s why I am fighting like hell to bring down prices and bring fiscal sanity back to Washington so it works for you.” According to today’s CPI release, price increases over the year include:
Read more HERE . Sen. Rick Scott on PPI Report: The Biden-Harris Administration has Failed the American People Senator Rick Scott released the below statement following the latest Producer Price Index (PPI) release from the Bureau of Labor Statistics (BLS) highlighting the need to implement substantive fiscal reforms to end the ongoing inflation crisis fueled by the Biden-Harris administration’s reckless tax-and-spend agenda. July’s PPI data shows that there has been a significant rise in inflation during the Biden-Harris administration, with a 2.2 percent year-over-year increase in July. Since President Biden and Vice President Harris took office, PPI inflation is up 20 percent. Senator Rick Scott said, “Biden-Harris Price Hikes continue to increase prices of goods and services, making it harder for small businesses and families to make ends meet. Every increase in costs is a burden for small businesses and when these folks face the historic inflation caused by Biden-Harris Price Hikes, those skyrocketing costs can quickly force them under. Under the failure of Bidenomics and the resulting Biden-Harris Price Hikes, the American Dream is growing further out of reach while families are having to choose which bills to pay this month and whether they can afford new school supplies for their children. Fighting inflation is about protecting opportunity and the chance for every family, even one like mine growing up that lived in public housing, to work hard and achieve their dreams. We can make Washington work for Florida families, and that starts with ending the reckless spending that is spiraling our country and too many American families into financial ruin. That’s why I am fighting to bring fiscal sanity back to Washington and I won’t stop until it happens.” According to today’s PPI release, price increases over the year in July included:
Read more HERE .
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