WASHINGTON, D.C. — Today, following the announcement from the Bureau of Economic Analysis’ PCE Report showing September prices paid by consumers for goods and services increased 2.1% over the year and Americans’ purchasing power continues to decline, Senator Scott released the following statement highlighting failures of the Biden-Harris administration’s price hikes caused by their reckless tax-and-spend agenda. Senator Scott’s statement highlights the declining fiscal health of this country, with inflation rising more than 20% since the Biden-Harris administration took office.

Since the Biden-Harris administration took office, consumer prices in U.S. cities have risen 26% faster than private-sector wages. Paychecks now buy less than they did in January 2021. Read more from Senator Scott and Senator Ted Cruz in the Wall Street Journal on What Four Years of Biden-Harris Cost You HERE.

Senator Rick Scott said, “Once again, the Biden-Harris administration’s handling of the economy continues to be a massive failure wreaking havoc and bringing hardship on Florida families. Their economic agenda has been a complete disaster, especially the pain they have caused with historic inflation. No matter what lies the White House tries to spin, the American people are smart, and they can feel this agenda working against them every single day. Unfortunately, this is a reality for folks. When I travel around Florida and talk to people, inflation is always top of mind. The failures of the Biden-Harris agenda mean small businesses are being forced to close, Americans are having to take on multiple jobs to make ends meet, and even seniors are coming out of retirement because they cannot afford to not work. A once affordable life is becoming unattainable for so many families. The Biden-Harris administration has proven to be a total disaster for all Americans and it’s time for a change in Washington.”    

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.

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