November’s CPI Report Is Nothing To Celebrate As Inflation Remained High

13 Dec

The Consumer Price Index (CPI), a key inflation index rose at an annual rate of rose 0.1% to  7.1%, in November on a seasonally adjusted basis after increasing 0.4% in October, the U.S. Bureau of Labor Statistics reported today.

 

MAKE NO MISTAKE: November’s CPI report is nothing to celebrate. When Joe Biden took office, CPI was just 1.4% before skyrocketing to 40-year highs because of Biden and House Democrats’ out-of-control spending to fuel their Far Left agenda. In July 2021, Joe Biden told the American people inflation was just “temporary” after the CPI increased to 5.4% and White House Chief of Staff Ron Klain called inflation a “high-class problem.” 

 

BIDEN’S ECONOMIC CRISIS BY THE NUMBERS:

  • Inflation is a tax on ALL Americans.
  • Families across the country are still paying more for just about everything:
  • Real average hourly earnings decreased 1.9%, seasonally adjusted, from November 2021 to November 2022.
  • The skyrocketing cost of goods and services will cost the average American household over $700 a month, which adds up to over $8,000 a year.
  • According to a recent survey, about half of Americans will cut back on holiday shopping this year due to rising costs.
    • Over 70% of Christmas tree growers plan to raise prices this year up to 15% to afford rising production costs.
  • The shelter index continued to increase, rising 0.6% over the month.

IT’S SIMPLE: After nearly two years of Democrats’ failed Far Left agenda, families are still struggling to afford necessities. The House Republican majority will fight inflation by reining in Joe Biden and House Democrats’ reckless government spending and promoting pro-growth tax policies. 

 

Click HERE to read more about our Commitment to an Economy That’s Strong.

 

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Repealing Biden’s Authoritarian Military COVID Vaccine Mandate in the NDAA is a Victory for Freedom—But Our Work isn’t Finished

8 Dec

House Republicans secured a victory for freedom by removing the Biden administration’s authoritarian military COVID-19 vaccine mandate from the House-passed National Defense Authorization Act (NDAA) FY23. But in a House Republican majority, there is more work to be done to combat this administration’s disastrous policies as we work to defend our heroic service members and our national security in its wake.

Following one of the worst recruitment years in our military’s history, we willdemand justice for the service members who were wrongfully terminated under the Biden administration’s mandate, ensure there are no roadblocks to them reentering the military if desired, and fight to restore our military as the premier fighting force.

BIDEN’S NATIONAL SECURITY CRISIS BY THE NUMBERS:

HOUSE REPUBLICANS’ PLAN: (A NATION THAT’S SAFE)

  • Support our troops
  • Invest in an efficient, effective military
  • Establish a Select Committee on China
  • Exercise peace through strength with our allies to counter increasing global threats

MAKE NO MISTAKE: Joe Biden’s authoritarian COVID-19 vaccine mandate on our service members has threatened our national security amid a recruiting crisis, hurt our military readiness, and cost thousands of our men and women in uniform their livelihoods. In less than one month, House Republicans will fight for justice.

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Joe Biden is the Grinch Who Stole Christmas

7 Dec

Producers are struggling in Joe Biden’s cruel economy this Christmas. As the majority of wholesale Christmas tree growers raise prices, families across the country could now spend up to 15% more for Christmas trees this year. Heading into the holiday season, staggering energy costs caused the Producer Price Index to rise for the second month in a row, leaving our hardworking farmers, ranchers, and foresters paying 8% more since last year for input costs across the board.

BIDEN’S ECONOMIC CRISIS BY THE NUMBERS:

  • The Producer Price Index rose 0.2% from September to October, leaving producer input costs UP 8%year-over-year.
  • As for the prices paid by consumers, the Consumer Price Index rose at an annual rate of 7.7% in October, up 0.4% on a seasonally adjusted monthly basis, the SAME increase as in September, according to the U.S. Bureau of Labor Statistics.
  • Real wages have decreased under Biden 10 out of the 12 months in the last year.
    • Real average hourly earnings decreased 2.8%, seasonally adjusted, from October 2021 to October 2022.
    • Real wages have fallen every month since Joe Biden and Democrats passed their wasteful $1.9 trillion “stimulus.”
  • The skyrocketing cost of goods and services will cost the average American household over $700 a month, which adds up to over $8,000 a year.
  • According to a recent survey, about half of Americans will cut back on holiday shopping this year due to rising costs as shoppers will spend up to 8% more on the same goods as this year on holiday shopping across the board compared to last Christmas.
    • Over 70% of Christmas tree growers plan to raise prices this year up to 15% to afford rising production costs.

BIDEN’S ENERGY CRISIS BY THE NUMBERS:

  • The national average for a gallon of gas is $3.38 as of Tuesday—over a dollar more than when Biden took office.
    • On the day that President Biden was sworn into office, the average price for a gallon of gas nationwide was $2.39.
  • According to the Energy Information Administration, households are expected to pay an average of $1,359 this winter for energy—the highest in 25 years.
  • Over a third of American households say they have forgoed basic expenses to afford an energy bill in the last 12 months, according to a recent LendingTree survey.
  • Diesel prices are approximately 50% higher than they were this time last year, at $5.05 a gallon.
  • Prices for nitrogen, phosphorus, and potassium fertilizers – the three most commonly used commercial fertilizers – more than doubledbetween 2020 and 2021, and it peaked in April 2022.
    • Nitrogen fertilizer, which accounts for more than 50% of the commercial fertilizer used by farmers, is expected to see price increases in 2022 of more than 80% from the previous year.
    • Natural gas, which rose steadily in price during 2021, is a key ingredient for the production of fertilizers.
      • Rising gas prices affect everything from increasing planting costs to increasing transportation costs.

MAKE NO MISTAKE: America’s hardworking producers are being forced to pay for Joe Biden’s reckless spending and anti-energy agenda. Now, families are too—and it’s ruining holiday cheer this Christmas.

 

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Big Tech Accountability is Coming

6 Dec

Last Friday, the American people received complete confirmation that the Biden campaign and the Democratic National Committee did in fact collude with Big Tech to meddle in the 2020 election.

According to the Twitter files, Democrat lawmakers argued to Twitter employees that the First Amendment “isn’t absolute.” The former Head of Legal, Policy, and Trust Vijaya Gadde played a large role in silencing The New York Post’s reporting on Hunter Biden’s laptop, initially claiming the cover of their “hacked materials” policy. But according to an anonymous employee:

“They just freelanced it…Hacking was the excuse, but within a few hours, pretty much everyone realized that wasn’t going to hold. But no one had the guts to reverse it.”

BIG TECH BY THE NUMBERS: 

  • 70% of Republican campaign emails went to spam on Google Mail, compared to just 10% of Democrat campaign emails.
  • Big Tech kept election-related content from social media users no fewer than 16,007,321 times from April to June, stemming from 15 individual cases of censorship.
  • A recent study by the Media Research Center found that campaign websites for 10 Republicans among previous 12 key races were found significantly lower on results pages compared to their Democrat opponent’s sites among organic Google search results.
  • The Biden administration is targeting Elon Musk’s Twitter as it seeks to increase Free Speech protections on its platform while turning a blind eye to Apple assisting the Chinese Communist Party in suppressing anti-regime protests.
  • Children ages 8-18 years old now spend 7 1/2 hours per day on average in front of a screen.

MAKE NO MISTAKE: Accountability is coming. In the new majority, House Republicans will get answers for the American people and fulfill our commitment to a future that’s built on FREEDOM.

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Bidenflation is the Grinch Who Stole Christmas

2 Dec

Whether it’s the Christmas tree or the gifts under it, inflation is stealing Americans’ Christmas cheer this year. Over 70% of Christmas tree growers plan to raise prices this year as much as 15% in order to afford rising production costs. According to the National Retail Federation, shoppers could pay more for less as they are expected to spend up to 8% more this year on holiday goods because of rising costs. Now, small businesses are bracing for declining sales as Americans plan to cut back.

BIDEN’S ECONOMIC CRISIS BY THE NUMBERS:

  • Inflation is a tax on ALL Americans.
  • As of October, prices rose at an annual rate of 7.7%, up 0.4% on a seasonally adjusted monthly basis, the SAME increase as in September, according to the U.S. Bureau of Labor Statistics.
  • Families across the country are still paying more for just about everything:
    • Food at home is UP 12.4%
    • Energy is UP 17.6%
    • Fuel oil is UP 68.5%
    • Motor fuel is UP 18.1%
    • Gasoline is UP 17.5%
    • Energy services are UP 15.6%
    • Electricity is UP 14.1%
    • Utility (piped) gas service is UP 20.0%
    • Public transportation is UP 28.1%
    • Air fares are UP 42.9%
    • Flour is UP 24.6%
    • Chicken is UP 14.5%
    • Eggs are UP 43.0%
    • Milk is UP 14.5%
    • Potatoes are UP 15.2%
    • Canned fruit and vegetables are UP 18.7%
    • Roasted coffee is UP 15.6%
    • Butter is UP 26.7%
    • Food at employee sites and schools is UP 95.2%
    • Health insurance is UP 20.6%
  • Real wages have decreased under Biden 10 out of the 12 months in the last year.
    • Real average hourly earnings decreased 2.8%, seasonally adjusted, from October 2021 to October 2022.
    • Real wages have fallen every month since Joe Biden and Democrats passed their wasteful $1.9 trillion “stimulus.”
  • The shelter index continued to increase in October, rising 0.8%, the largest monthly increase in that index since August 1990.
  • The skyrocketing cost of goods and services will cost the average American household over $700 a month, which adds up to over $8,000 a year.
  • According to a recent survey, about half of Americans will cut back on holiday shopping this year due to rising costs as shoppers will spend up to 8% more on the same goods as this year on holiday shopping across the board compared to last Christmas.
    • Over 70% of Christmas tree growers plan to raise prices this year up to 15% to afford rising production costs.

MAKE NO MISTAKE: Bidenflation is Americans’ unwelcome guest this holiday season. House Republicans will rein in Joe Biden’s reckless spending in the new majority to fight our inflation crisis.

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Biden is Silent As Brave Chinese Protesters Beg For Freedom From The CCP’s Tyrannical Lockdowns

1 Dec

In yet another capitulation to a foreign adversary, Joe Biden has turned a blind eye to the brave Chinese citizens protesting the Chinese Communist Party (CCP)’s tyrannical “zero-COVID” policy, which has resulted in extended lockdowns and heightened brutality against millions of Chinese citizens. Now, the CCP has brazenly vowed to “resolutely crack down on infiltration and sabotage activities” of these peaceful protesters fighting for freedom.

Instead of showcasing strength, the Biden administration has merely offeredmuted talking points on the right to protest, ceding a crucial opportunity to oppose with complete clarity the CCP’s authoritarian lockdowns and human rights violations. As of this morning, President Biden has yet to offer a public statement.

BIDEN’S FAILURE TO HOLD CHINA ACCOUNTABLE: 

  • President Biden met with Xi Jinping at the G20 Summit in Indonesia last month and failed to hold him or the CCP accountable for the deadly COVID-19 pandemic or any other malign actions by the Communist regime.
    • Despite the mounting evidence that COVID-19 originated from a Chinese lab, House Democrats have not held a single hearing on the origins of COVID-19 despite House Republicans’ numerous requests for investigation.
    • It’s simple. China lied, and Americans died. They must be held accountable.
  • According to documents, a CCP-affiliated Chinese business paid the Biden Crime Family $5 MILLION in 2017 for America to sell natural gas to China.
    • According to a whistleblower, Joe Biden was personally involved as a business partner on the deal.
  • President Biden has refused to hold China accountable for the fentanyl epidemic.
    • China is a primary supplier of the chemicals used to produce fentanyl. The majority of illicit fentanyl is then smuggled across our wide open southern border.
    • For the first time in history, OVER 100,000 Americans died from drug overdoses in 2021, the vast majority of which were caused by illicit fentanyl.
  • The Biden administration worked to shut down a Justice Department program that focused on countering Chinese espionage.
  • The Biden administration “repeatedly urged China to help avert war in Ukraine,” which most likely led toChina sharing U.S. intel on the invasion with Russia.
    • China is now emboldened to show further aggression towards Taiwan following Biden’s botched Afghanistan withdrawal, according to the Department of Defense.
  • The Chinese navy is now the largest in the world, with roughly 360 vessels in their fleet.

MAKE NO MISTAKE: The United States of America must unequivocally stand strong with the brave Chinese citizens protesting the oppressive lockdowns and tyrannical abuses of the Chinese Communist Party. House Republicans stand united for freedom and justice against the CCP’s brutal authoritarian oppression. In just 33 days, we will fight to hold our greatest geopolitical challenge accountable with a Select Committee on China.

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Biden’s Christmas Present to America: Another Historic Influx at Our Southern Border

29 Nov

Just in time for Christmas, U.S. Border Patrol agents are now warning they could face an “overwhelming” 18,000 illegal crossings a day at the southern border following the court-ordered end of Title 42 on December 21st. This is TRIPLE the current daily average of illegal immigrant encounters under the Biden administration.

BIDEN’S BORDER CRISIS BY THE NUMBERS:

  • Earlier this month, a federal judge struck down Title 42 and ordered the administration to end its enforcement by December 21st. This destroys one of our most powerful tools to quickly expel illegal immigrants and protect our communities.
    • Border Patrol has used Title 42 to expel over 2 MILLION illegal migrants since the Biden administration began, illustrating only a fraction of the influx that could hope to illegally cross our border following this court order.
  • Since Joe Biden took office less than two years ago, over 4 MILLION illegal immigrants have been apprehended crossing the southern border.
  • In October, there were 230,678 illegal immigrant encounters at our southern border.
    • That is a 334% INCREASE from the average number of October encounters under President Trump.
    • There have now been 20 straight months of OVER 150,000 illegal border crossings.
  • 9 individuals on the Terrorist Screening Database (TSDB) were apprehended at the southern border in October.
    • In Fiscal Year 2022, 98 individuals on the TSDB were apprehended at the southern border—more than the previous five years combined.
  • In August, Joe Biden and his administration decided to make the border crisis WORSE by formally ending former President Trump’s successful‘Remain in Mexico’ program.
  • At least 64,000 illegal immigrants evaded apprehension at our southern border in October.
    • There have been over 1 million known “got-aways” at our southern border since President Biden took office.
  • There were OVER 14,000 pounds of poisonous fentanyl seized in Fiscal Year 2022 at our southern border —a fiscal year record.
  • According to court documents, the Biden administration has allowed over 1 million illegal immigrants to settle in the U.S.

MAKE NO MISTAKE: The Biden administration has repeatedly denied the historic crisis at our southern border and called for an end to Title 42. Now, they clearly have NO plan to address the root causes of our historic border crisis once the dam breaks. House Republicans will fight to secure our borderand conduct crucial oversight in the new majority.

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Biden’s Economic Crisis Has Stolen $2.1 Trillion From Americans’ 401(k)s

17 Oct

In the midst of the Biden Recession, hardworking Americans are facing another rude awakening—their 401(k)s are now down 25% on average. In total, Biden’s shrinking economy has stolen a combined $2.1 TRILLION from these retirement savings, not to mention the loss in purchasing power from skyrocketing inflation.  

MAKE NO MISTAKE: Our economy is NOT “strong as hell,” as Joe Biden said this weekend. The failed Far Left agenda of one-party Democrat rule in Washington is crushing Americans who are hoping to retire and those on fixed incomes. House Republicans have made a commitment to an economy that’s strong when we earn the majority.

BIDEN’S ECONOMIC CRISIS BY THE NUMBERS: 

  • The GDP decreased at an annual rate of 0.6% in the second quarter of 2022, according to the final estimate released by the Bureau of Economic Analysis. 
    • This follows a GDP decline of 1.6% within the first quarter, meaning that we have hit the rule-of-thumb recession definition: two consecutive quarters with negative GDP readings.
    • The majority of Americans say we are in fact in a recession, according to a recent survey.
  • This shrinking economy has dropped the average 401(k) by 25%, equating to a loss of roughly $34,000 per average investor.
    • In total, our shrinking economy has stolen a combined $2.1 TRILLION from these retirement savings, not to mention the loss in purchasing power from skyrocketing inflation, which takes another $5,000 per person on average.
    • Americans closer to retirement age now have less time to make up for the investment lost in Biden’s shrinking economy, leaving many Americans reporting they will delay retirement all together.
  • Since President Biden took office, monthly savings have declined by roughly 83%.
  • In September, the CPI came in “hotter” than expected at 8.2% for the 12 months ending September.
  • Americans are paying more for just about everything because of inflation: 
  • Owners’ equivalent rent index also increased 0.8% over the month, the largest monthly increase in that index since June 1990.
  • Health insurance had the largest increase ever which increased by over 28% over the last year.
  • Inflation has outpaced workers’ wages for 18 months in a row under Joe Biden’s watch. 
  • Real average hourly earnings decreased 3.0%, seasonally adjusted, from September 2021 to September 2022. 
    • The change in real average hourly earnings combined with a decrease of 0.9% in the average workweek resulted in a 3.8% decrease in real average weekly earnings over this period.
    • The skyrocketing cost of goods and services will cost the average American household over $700 a month, which adds up to over $8,000 a year.

Click HERE for more information on House Republicans’ commitment to an Economy that is Strong.

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Over 70% of America’s Workers Say Their Pay Has Fallen Behind Biden-flation

28 Sep

Hardworking Americans will feel the brunt of Joe Biden’s reckless and burdensome student loan scam, which will run up an additional $400 BILLION tab for taxpayers, according to the Congressional Budget Office (CBO).

STUDENT LOAN FAST FACTS:

  • According to the CBO, Biden’s student loan scam will cost roughly$400 BILLION.
  • Nearly 60% of Americans are worried Biden’s student debt cancellation scheme could make inflation WORSE.
  • Outstanding federal student loan debt currently totals $1.7 trillion and is disproportionately held by the wealthy.
    • Of 255 million adult Americans, 45 million have student loan debt. Student loan forgiveness demands that those 210 million Americans take on the debt of those 45 million borrowers.
      • There are 44.9 million millennials in the U.S. (ages 25–34), but only 15.3 million of them have any student debt, meaning that 66% of millennials have no student debt.
    • Those in the top fifth of household income hold $3 in student loans for every $1 held by the bottom fifth of household incomes.
  • In a 2014 analysis, researchers found that, since 1992, the median borrower has consistently spent only about 4 percent of monthly income repaying student loans. In a 2019 analysis of millennial households, the 4 percent rate still held.
  • Programs already exist to aid students in re-paying their loans through income-driven repayment (IDR) plans. As of 2019, 40 percent of borrowers are enrolled in an IDR plan.
  • If blanket loan forgiveness is enacted, students would, understandably, expect their loans to be forgiven in the future, and that expectation could lead to increases in borrowing, throwing gasoline on the bonfire of college tuition.
    • Student loan forgiveness would create an incentive for students to accumulate more debt and award as much as $192 billion to the top 20 percent of income earners.
    • Estimates indicate that it would take just three years for the outstanding student loan balance to return to its current level if we were to cancel $10,000 per borrower. That’s without taking into account increased rates of borrowing caused by moral hazard or the subsequently higher tuition costs.

MAKE NO MISTAKE: The CBO confirmed this week what House Republicans and the American people already knew—there is no such thing as canceling or “forgiving” student loan debt. This debt will be transferred to hardworking American taxpayers and will WORSEN inflation while rewarding overpriced colleges.

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The CBO Confirms Biden’s Student Loan Scam Will Cost America’s Taxpayers $400 Billion

27 Sep

Hardworking Americans will feel the brunt of Joe Biden’s reckless and burdensome student loan scam, which will run up an additional $400 BILLION tab for taxpayers, according to the Congressional Budget Office (CBO).

STUDENT LOAN FAST FACTS:

  • According to the CBO, Biden’s student loan scam will cost roughly$400 BILLION.
  • Nearly 60% of Americans are worried Biden’s student debt cancellation scheme could make inflation WORSE.
  • Outstanding federal student loan debt currently totals $1.7 trillion and is disproportionately held by the wealthy.
    • Of 255 million adult Americans, 45 million have student loan debt. Student loan forgiveness demands that those 210 million Americans take on the debt of those 45 million borrowers.
      • There are 44.9 million millennials in the U.S. (ages 25–34), but only 15.3 million of them have any student debt, meaning that 66% of millennials have no student debt.
    • Those in the top fifth of household income hold $3 in student loans for every $1 held by the bottom fifth of household incomes.
  • In a 2014 analysis, researchers found that, since 1992, the median borrower has consistently spent only about 4 percent of monthly income repaying student loans. In a 2019 analysis of millennial households, the 4 percent rate still held.
  • Programs already exist to aid students in re-paying their loans through income-driven repayment (IDR) plans. As of 2019, 40 percent of borrowers are enrolled in an IDR plan.
  • If blanket loan forgiveness is enacted, students would, understandably, expect their loans to be forgiven in the future, and that expectation could lead to increases in borrowing, throwing gasoline on the bonfire of college tuition.
    • Student loan forgiveness would create an incentive for students to accumulate more debt and award as much as $192 billion to the top 20 percent of income earners.
    • Estimates indicate that it would take just three years for the outstanding student loan balance to return to its current level if we were to cancel $10,000 per borrower. That’s without taking into account increased rates of borrowing caused by moral hazard or the subsequently higher tuition costs.

MAKE NO MISTAKE: The CBO confirmed this week what House Republicans and the American people already knew—there is no such thing as canceling or “forgiving” student loan debt. This debt will be transferred to hardworking American taxpayers and will WORSEN inflation while rewarding overpriced colleges.

Click HERE for more background on student loan forgiveness, courtesy of the Education and Labor Republicans. 

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