Senate Republicans on Wednesday tasked President Biden with raising food prices ahead of the holiday season.
Senate minority whip John Thune said the White House’s high spending agenda, combined with persistent economic problems from the coronavirus pandemic, had pushed up inflationary levels not seen for more than a generation.
“This is going to be the most expensive Thanksgiving for American families in history,” said Mr. Thune, South Dakota Republicans. “I’ve been warning about this since February last year, when the Democrats talked about adopting their first massive tax and expense bill.”
The price of ordinary goods and services has risen since Mr. Biden joined. Inflation has reached a 30-year high, according to data from the Labor Department published earlier this week.
According to the Bureau of Labor Statistics, the price of regular groceries, including poultry and dairy products, has risen nearly 12% over the past year. Popular Thanksgiving equipment has risen in price and the price of a turkey is 18% higher this year.
Not only are prices rising, but grocery stores are also facing food shortages due to persistent supply chain problems.
Around the holidays, retailers generally try to have at least enough stock on hand to cover 95% of the previous year’s sales. Consumer groups report that retailers are lucky to have half of what they sold last year on hand this holiday season.
GOP lawmakers said supply chain problems are only increasing inflationary pressures.
“Inflation is coming to the Thanksgiving dinner, making it more expensive than ever,” said Sen. John Boozman of Arkansas, the top Republican on the agriculture committee. “The problem is that nothing is done… no hearings. We simply sleep by the contact and this greatly affects real people.”
Republicans accused the White House of ignoring the problem that inflation poses for too long, while focusing solely on its domestic spending agenda, including Mr. Biden’s many trillion dollars of social welfare bill, branded Build Back Better Act.
“What they’re talking about doing now with this next massive and ruthless tax and consumer blast will aggravate and accelerate [the] the inflation problem even more, ”said Mr Thune. “It’s not going away, and the only thing they can do to make it worse is to flood the zone with more spending, more taxes and more debt.”
This is how annoying members of Mr. Biden’s party too.
Democratic Senator Joe Manchin III, an important vote on the White House agenda, has warned that more federal spending is only likely to exacerbate inflationary pressures.
“From the grocery store to the gas station, Americans know that the inflation tax is real and [Washington] can no longer ignore the economic pain that Americans feel every day, ”said Mr. Manchin.
Such concerns from Democrats do not bode well for Mr Biden’s law on social welfare and climate. It can only pass through budget reconciliation, a process that allows some consumption and tax measures to avert The Senate’s 60-vote filibuster threshold and is adopted by a simple majority.
As the Senate is split 50-50 between the two pirates, Democrats have been forced to take Mr Manchin’s concerns seriously.
Part of that strategy has been to repackage the social welfare bill as a way of fighting inflation. Democrats in particular are eager to fabricate the package’s more controversial provisions, including Medicare drug prices and tax increases, as a cure for inflation.
“If we want to fight inflation, if we want to create more jobs … lower costs and ensure families have more money in their pockets,” said Senate Majority Leader Charles E. Schumer, New York Democrat. “The best we can do is pass Build Back Better.”