{"id":1553010,"date":"2022-07-13T17:19:37","date_gmt":"2022-07-13T21:19:37","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1553010"},"modified":"2022-07-13T17:19:40","modified_gmt":"2022-07-13T21:19:40","slug":"rep-stefaniks-proposal-would-rein-in-biden-policies-that-fuel-devastating-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rep-stefaniks-proposal-would-rein-in-biden-policies-that-fuel-devastating-inflation\/","title":{"rendered":"Rep. Stefanik\u2019s Proposal Would Rein in Biden Policies That \u2018Fuel Devastating Inflation\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Frep-stefaniks-proposal-would-rein-in-biden-policies-that-fuel-devastating-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1553010&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Rep. Elise Stefanik (R-N.Y.) has announced a proposal that would hold the <a href=\"https:\/\/www.theepochtimes.com\/t-biden\">Biden<\/a> administration accountable for record <a href=\"https:\/\/www.theepochtimes.com\/t-inflation\">inflation<\/a> that has climbed to a 41-year-high.<\/p>\n<p>The bill, titled REIN IN Inflation Act, would require the administration to assess the inflationary effect of any executive order before implementing it. The Council of Economic Advisors and the Office of Management and Budget, the White House agencies charged with advising the president on economic-related policies and administering the federal budget, respectively, would need to prepare a report estimating the inflationary effects of any action that costs $1 billion or more.<\/p>\n<p>The legislation comes as the U.S. inflation rate <a href=\"https:\/\/www.theepochtimes.com\/june-inflation-hits-9-1-percent-new-40-year-high_4594424.html\">surged to 9.1 percent<\/a> in June compared to a year earlier. The figure marks the highest annual increase since November 1981, surpassing the market estimate of 8.8 percent, and is half a percentage point higher than May\u2019s annual rate.<\/p>\n<p>\u201cToday, every hardworking family is forced to pay more for almost everything due to Joe Biden\u2019s failed economic policies,\u201d Stefanik told The Epoch Times. \u201cInstead of reversing course, Joe Biden and his administration have doubled down on their Far-Left tax and spend agenda and continue to exacerbate this inflation crisis.\u201d<\/p>\n<p>The bill, she added, will \u201censure this administration takes into account the harmful impact of their policies that worsen this inflation crisis and drive up prices of goods, gas, and groceries.\u201d<\/p>\n<p>\u201cAs hardworking families in New York\u2019s 21st District and across the nation are forced to pay the price for Democrats\u2019 out-of-control spending, I am working to hold this administration accountable and rein in the policies that fuel devastating inflation, which is a tax on every family,\u201d she said.<\/p>\n<p>Stefanik, who chairs the House Republican Conference, was joined by Rep. Jason Smith (R-Mo.), ranking member of the House Budget Committee, and Rep. Patrick McHenry (R-N.C.), ranking member on<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rep. Elise Stefanik (R-N.Y.) has announced a proposal that would hold the Biden administration accountable for record inflation that has climbed to a 41-year-high. The bill, titled REIN IN Inflation Act, would require the administration to assess the inflationary effect of any executive order before implementing it. The Council of Economic Advisors and the Office [\u2026]<\/p>\n","protected":false},"author":361,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1553010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1553010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/361"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1553010"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1553010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1553010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1553010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1553010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}