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Sen. Tim Scott, R-S.C., appeared on “Sunday Night in America” to discuss the impact of rising inflation rates on average Americans ahead of the midterm election.
Although inflation was thought to have “cooled down” in July, new economic reports showed that inflation increased by 8.3% year-over-year in August, which was .1% higher than economists originally predicted. Despite the bad inflation report, Biden celebrated the passage of his “Inflation Reduction Act” on Tuesday in what many saw as a tone-deaf display.
Scott similarly criticized Biden as the source of rising inflation rates.
“Since Biden has taken office, inflation has been up 17 straight months in a row. That is really bad news for people living paycheck to paycheck. The truth is Biden’s inflation equals a pay cut for Americans all across the country,” Scott said.
Sen. Tim Scott, R-S.C., questions Chris Magnus as he appears before a Senate Finance Committee hearing on his nomination to be the next U.S. Customs and Border Protection commissioner in the Dirksen Senate Office Building on Capitol Hill in Washington, D.C., Oct. 19, 2021.
(Rod Lamkey/Pool via REUTERS)
REP. KUSTOFF SLAMS BIDEN ADMIN FOR INFLATION CELEBRATION AFTER CPI REPORTS 8.3% INFLATION: THEY’RE ‘TONE DEAF’
He noted that a recent survey found that a majority of Americans reported “experiencing financial hardship” from high inflation rates. Almost one in four Americans also reported buying less in general or buying only essential items.
“Times are hard because Biden continues to spend money we don’t have,” Scott said.
The senator also attacked the “Inflation Reduction Act,” remarking that it is unlikely to reduce inflation and more likely will exacerbate it.
“You know, they have a habit on the left of misnaming everything. The COVID relief package, $1.9 trillion. The only thing missing in COVID relief was COVID relief, 1% for vaccines. The Inflation Acceleration Act is…
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