Friday, February 18, 2022                                                          WEBSITE | SHARE ON:  
 
Foxx Report
 

Inflation is a tax on all Americans, and it has gone up significantly since President Biden took office. Without a doubt, his failed policies have caused this inflation crisis – which I believe should be referred to as a catastrophe. From the moment we wake up in the morning to when we go to sleep at night, inflation is not only nipping at our heels, but also at our wallets. This has become too commonplace over the past year.

When we were growing up, we learned the proverb of “bad news comes in threes”. However, under this administration, that proverb might as well be doubled if not tripled. Last week, we learned that inflation climbed to over 7.5% in January, hitting a fresh 40-year high. The last time inflation was this high, Dallas was the number-one show on television, E.T. the Extra Terrestrial came out in theatres, and Rosanna by Toto won “Record of the Year” at the Grammys.

If you’re looking for more evidence of inflation hitting the wallets of so many families across the country, look no further than the skyrocketing prices people were paying for their Super Bowl Sunday spread:

  • The cost of two-liter bottles of soda is up twelve percent.
  • The cost of beef is up sixteen percent.
  • The cost of chicken is up over ten percent.
  • The cost of fruits and vegetables is up five percent.
  • The cost of eating out is up almost seven percent.

This rise in inflation was not the product of osmosis. Irresponsible spending in Washington and far-left policies have led our country to this point, and it’s downright shameful. Every day, I’m fighting against the socialist spending sprees being cooked up by Washington bureaucrats so that you and families across the 5th District will not have to face the harmful effects of inflation. You can rest assured that I will continue to do so.

A Bipartisan Victory For All Americans

Last week, the House passed the Postal Service Reform Act, a bipartisan piece of legislation that I helped lead alongside Representatives James Comer (R-KY), Carolyn Maloney (D-NY), Gerald Connolly (D-VA), Stephen Lynch (D-MA), and Brenda Lawrence (D-MI). The Postal Service is on track to lose $160 billion over the next decade due to increasing costs and declining mail volume. The provisions included in the Postal Service Reform Act will return the Postal Service to sustainable financial footing, save taxpayers $1.5 billion over the next decade, prevent a taxpayer bailout, and ensure that it provides the high quality of service Americans expect and deserve. I’m pleased to see the Postal Service Reform Act’s passage in the House and look forward to its swift consideration in the U.S. Senate.

If we can achieve progress such as this through true bipartisan collaboration, imagine what other strides can be made – without the political grandstanding that many members of the majority have resorted to over the past year.

To learn more about this legislation, click here.

My Latest Op-Ed

President Biden’s self-inflicted border catastrophe is taking a serious toll on America, and every day it grows worse. Unfortunately, many people do not know the real facts about what’s happening right now at the southern border, and they deserve to find out the truth. In my latest op-ed to the North State Journal, I explain why this catastrophe is much more distressing than previously thought. Also, I offer three key solutions that this administration should have acted upon in the first place.

To read my op-ed, click here.

Quote of The Week

“Inflation is taxation without legislation.”

-Milton Friedman

Have a blessed weekend,

 

 
 
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