With Inflation At 40-Year High, Ernst Backs Effort to Combat Egregious Spending

WASHINGTON— With inflation at its highest rate in 40 years, U.S. Senator Joni Ernst (R-Iowa) is backing an effort to combat Washington’s egregious spending. Ernst is supporting the Inflation Prevention Act to prevent government spending that would increase inflation until the year-over-year inflation rate drops below 4.5 percent.

 

“President Biden’s policies continue to cause soaring inflation–the highest in forty years–pinching the pocketbooks of hardworking Iowans and making it harder for them to purchase everyday household items from groceries to gasoline. We must rein in the Democrats’ out of control spending, and this effort will take steps to ensure spendthrift lawmakers are held accountable for the impact their actions have on everyday Americans,” said Senator Ernst.

 

This bill has also garnered support from several organizations including the National Taxpayers Union, Heritage Action, Americans for Tax Reform, FreedomWorks, and the Conservative Political Action Coalition (CPAC).

 

Background:

Senator Ernst has continued to highlight the impact of inflation on hardworking Iowans. Earlier this year, Ernst used a “Price is Right” themed wheel on the Senate floor to discuss the skyrocketing rates of inflation and increased costs of consumer goods as a result of President Biden’s economic policies.

 

Ernst also helped introduce an amendment to the Senate Rules to require all bills passed by Senate committees to include inflationary impact statements, so Americans can see the true impacts of government spending.