WASHINGTON, D.C. – Today, Senator Rick Scott released the below statement amid continued concerning reports of increased inflation. As the prices of every day goods go up, the Biden Administration continues to push radical spending plans that would increase the average taxes owed by families making less than $500,000 by $1,600 per year for ten years - a total of $16,000 in new taxes owed over the next decade.

 

Senator Rick Scott said, “I’ve been warning about the risks of out-of-control spending for years. When Joe Biden took office, I immediately urged caution on more government spending that would drive up inflation. Biden and the Democrats didn’t want to listen and now we’re seeing the consequences. Gas prices are going up. Food prices are going up. Costs are rising at every step in the production of goods – costs that get passed on to consumers. These increases directly impact Americans and the decisions they make for their families every single day. When I was growing up, my family struggled to make ends meet and put food on the table as prices went up. This isn’t something the Biden Administration can ignore and this isn’t the time to raise taxes on American families to pay for reckless and unnecessary government spending.

 

“We are at a pivotal moment for our nation. The latest Consumer Price Index and Producer Price Index numbers from the Bureau of Labor Statistics come out this week, and they will likely show more of the same: prices are drastically rising for families in Florida and across the nation. It’s time for President Biden to admit that inflation is happening and its affecting the quality of life for American families. We need to stop the reckless spending, pay down the debt and get our nation on track so every family can succeed.”

 

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:

 

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