Congressman Yakym’s Amendment to Combat Inflation Carries on U.S. House Floor
Mar 01, 2023
Economy & Jobs
Fiscal Responsibility
Press
Washington, D.C. – Today, Congressman Rudy Yakym (IN-02) offered an amendment that was included in passage of the REIN IN Inflation Act on the floor of the U.S. House of Representatives. Congressman Yakym’s amendment, which was adopted without opposition, requires that the administration’s inflation analyses for executive orders break down the type of inflation to CPI’s three major categories: Food, Energy, and All Items Less Food and Energy: “Everyday Americans’ experience with inflation has made one thing abundantly clear: Not all inflation is created equal,” Congressman Yakym said. “Energy and food inflation are particularly harmful. There is no more kitchen table issue than food inflation. There is no more readily available reminder of the toll of inflation than the price at the pump. Energy and food inflation impact every single American and hit those living paycheck to paycheck especially hard. “My amendment would ensure that the President keeps food and energy costs front and center. It would require that the inflation analysis in this bill break down to the CPI’s three main subgroups: Food, Energy, and All items less food and energy.” Click HERE to watch Congressman Yakym’s full remarks in support of his amendment. |