Inflation

Inflation got even worse last month. Prices have now risen 8.5% over the last year, which is the highest rate of inflation in over four decades. This is according to government data released this morning.   This is really hurting lower income Americans, who may have fewer means by which to absorb these price increases. It’s a regressive tax, of sorts.   It… Read more »

A very special thanks to Congressman Jeff Duncan and Rep. William Timmons! The three of us hosted an incredible joint tele-town hall on April 5th, with tens of thousands of constituents joining us on the phone from back home in South Carolina. There were many great questions about inflation, illegal immigration, Ukraine, and other issues facing our country. You can catch a full replay… Read more »

$5,200 this year, or $433 per month. That’s how much MORE the average family will spend just to maintain the same standard of living as last year, according to new research from Bloomberg Economics. If your paycheck hasn’t kept pace with this inflation – and chances are it hasn’t – then guess what? You’re either saving less, dealing with a lower standard of living, and/or going into… Read more »

Please make your calendar for Tuesday, April 5th at 6:00 PM ET for a special live telephone town hall.  Joining me will be two other congressman from South Carolina, Rep. Jeff Duncan and Rep. William Timmons! During this call, we'll be discussing the important domestic issues facing our country, including rising inflation, increases in violent crime, and alarming… Read more »

This is a mess. Numbers just released from February are showing 7.9% annual inflation. That’s up from 7.5% in January, 7% in December, 6.8% in November. The trends get worse every month! Wages are rising, yes, but not nearly as fast as inflation. And those who are most harmed by this inflation are those least likely to be able to absorb these price hikes!! Inflation is an awful,… Read more »

The news is not good. Just moments ago, inflation data was released for last month showing consumer prices having soared 7% in the last year. Every month in recent memory has brought more bad news on this front. This latest report represents the highest increase in the last 40 years. Lots of factors are in play here, not the least of which is the labor shortage, Covid, consumer demand,… Read more »

Under President Biden, we're now at a 39-year high for inflation. That's according to data released earlier this Friday morning. Remember: inflation hit a 30-year record in last month's report. Now we're at a 39-year high, and continuing to trend in all the wrong directions under liberal leadership. Yet we're STILL being asked to believe that the historic levels of government spending… Read more »

As Thanksgiving approaches, people are looking forward to spending time with their families to share laughs, enjoy good food, and maybe watch some football. What usually accompanies these warm gatherings are plentiful dips, spreads, dressing with gravy (my own personal favorite), and, of course, turkey. That is if you’re lucky enough to afford one this year. Last year, America’s favorite… Read more »

The news is not good this Wednesday morning. Inflation has now surged to a 30 year high, according to data just released by the Labor Department. For the year ending on October 31st, wholesale prices are up 8.6%, while consumer prices are up 6.2%. (For simplicity, think of “consumer prices” as what you pay the store, and “wholesale prices” as what that store has paid the… Read more »

I voted NO last night, just like I promised. For those who are interested, here’s a quick & simple summary of what happened yesterday in the House of Representatives on the two massive tax & spend proposals.   Remember we’re talking about two separate bills. Bill #1 has been dubbed the “infrastructure bill.” It has over $1 trillion that deals with infrastructure… Read more »