For Immediate Release: October 13, 2022
Rep. Schweikert Contact: Preston Mizell

WASHINGTON D.C. – Congressman David Schweikert issued the following statement after today’s updated inflation and CPI numbers. Inflation in the Phoenix-Scottsdale area remains the highest in the country, and core inflation hit a 40-year high. In Arizona, it’s estimated that households lose $869 a month to cover inflated prices.

“President Biden and the Democrats have already spent $4.8 trillion, and they’ve shown no sign of slowing down. I’ve introduced legislation that would actually reduce inflation, like my Retirement Protection Act, but Speaker Pelosi and the Democrat majority refuse to consider it.

“If we are going to lower costs for families in Arizona, it starts with this White House finally admitting there is a problem and confessing what we all already know: that their careless and wasteful spending is the root cause of the historic inflation that is putting our community in misery.”

###

David Schweikert is serving his sixth term in the United States Congress.  He holds a seat on the Ways and Means Committee, and is the current Ranking Member on the Ways and Means Subcommittee on Social Security.  He also is the Lead House Republican on the bicameral Joint Economic Committee, Co-Chairs the Valley Fever Task force with House Minority Leader Kevin McCarthy, and is the Republican Co-Chair of the Blockchain Caucus, the Singapore Caucus and the Caucus on Access to Capital and Credit.