ICYMI: Luetkemeyer Discusses Inflation, Economy on Newsmax’s ‘National Report’
Washington, December 30, 2021
Tags: Small Business
WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the House Small Business Committee joined Shaun Kraisman on Newsmax’s “National Report” to discuss a recent poll showing 48% of American adults say they are worse off economically than one year ago and the raging inflation we are seeing under the Biden Administration.
Click HERE to watch.
“People are concerned about the direction of the country. Inflation is eating away all the profits. To give you an idea for instance, the wholesale price index - which is what businesses have to pay for their products and services at the wholesale level - is up 9.6% and the inflation rate is only 6.8%. So, it tells you we’ve got some more inflation going to happen here very shortly.
“And this administration seems to be doubling down on all the things you shouldn’t be doing like raising taxes and overregulation.”