In The News
Weekly Column: Restoring Fiscal Sanity will Strengthen Economic Security
Washington, September 18, 2023
A recent study from Moody’s Analytics showed American households are currently paying $709 more each month than they did for the same goods two years ago. Inflation, fueled by Washington’s out-of-control spending, has made it harder for families to make ends meet. Unfortunately, Southwest Michigan families received an additional sticker shock from back-to-school shopping. According to data from the Department of Labor, the average price of school supplies has increased by 23% over the last two years.
So how do we combat rising costs? First, we need to make sure Washington is not making the problem worse. Over the past two years, we saw unprecedented spending from then-speaker Nancy Pelosi and the Biden Administration. When Republicans gained the majority in the House, we started working on ways to rein in Washington and reprioritize the efficient and effective use of taxpayer dollars.
Another step the House took was passing the Fiscal Responsibility Act, which I supported and was signed into law in June. This bipartisan measure will reduce spending and is projected to save taxpayers an estimated $2.1 trillion. Going even further, I helped launch the Bipartisan Fiscal Forum to address our nation’s unsustainable debt trajectory.
To help combat inflation, I supported the Lower Energy Costs Act to unleash American energy and make it cheaper to drive your car as well as heat or cool your home. I have also voted to rein in the Biden Administration’s massive regulatory agenda that has added over $1 trillion in additional costs to consumers.
In the House Financial Services Committee, I am working to stop the Securities and Exchange Commission from making it harder for Americans to retire with financial security. Government bureaucrats should not be pushing rules that create barriers for retirement savers to meet their financial goals and achieve the American Dream.
I will continue fighting to make Southwest Michigan an even better and more affordable place to call home. If you need assistance navigating a federal agency, please contact my office in Holland at (616) 251-6741, my office in Portage at (269) 569-8595, or my office in Washington at (202) 225-4401.