In Joe Biden’s first year in office, he issued
more executive orders
than any president since Gerald Ford. After two years in office, Joe Biden has now issued a shocking
107 executive orders
. This reckless agenda cost hardworking families more than
$1 trillion
in taxpayer dollars and even more in the added cost of inflation, which has risen more than 14% since Joe Biden took office.
Over the past two years of one-party Democratic rule in Washington, inflation skyrocketed to the highest level in my lifetime, and it continues to be the No. 1 issue I hear from families across my district.
As of last month, the average family in New York is spending
nearly 10% more
to put food on the dinner table compared to last year. To put that into perspective,
food inflation
in New York was at just
3.5%
the month Joe Biden took office. Because of this inflation tax, the average household has now spent roughly
$10,000
extra these past two years — leaving many families struggling to balance their budgets.
It is no surprise, then, that more people than ever before say they are worse off financially now than before Joe Biden took office, according to a recent
ABC News-Washington Post
poll.
When small businesses in upstate New York brought this economic crisis to my attention, I brought their concerns to the highest level.
Doug Ford, vice president of Sales and Purchasing at Curtis Lumber in Ballston Spa, New York, highlighted the cost of Biden’s cruel economy at a small business roundtable and asked me to ensure President Joe Biden is held accountable for the devastating effects his policies have had on his small business.
I have long believed the best solutions come directly from my constituents, which is why I introduced the
Reduce Exacerbated Inflation Negatively Impacting the Nation (REIN IN) Act
, which requires the Biden administration to publish the inflationary impact of executive orders before enacting them. This will provide a critical check on their reckless agenda by requiring Joe Biden to consider the impact of his reckless spending on small businesses and hardworking families across upstate New York.
Ways and Means Committee Chairman Jason Smith (R-MO), Financial Services Chairman Patrick McHenry (R-NC), and Oversight and Accountability Chairman James Comer (R-KY) joined me in leading the introduction of this bill. This week, House Republicans will bring up this bill for a vote to rein in reckless government spending and continue to create an economy that is strong as we enact our “Commitment to America.”
Specifically, this bill would require the Office of Management and Budget and the Council of Economic Advisers to provide an inflation estimate for each executive order that is projected to cause an annual gross budgetary effect of at least $1 billion. The White House would then have to report these findings to Congress each year to increase transparency and accountability over executive orders, which is what hardworking Americans deserve.
For example, on his first day in office, President Joe Biden canceled the
Keystone XL
pipeline permit — and with it, the
830,000
thousand barrels of oil per day it would have supplied from Canada to U.S. refineries. The ultimate cost of this reckless executive order is now reported to be as much as
59,000 jobs
and up to
$9.6 billion
that would have helped our economy thrive.
Just two years later, drivers are now spending
40% more
to fill up their tanks, and families in upstate New York and across the country paid the
highest prices in over a decade
to heat their homes this winter.
President Joe Biden also signed another out-of-touch
executive order
, setting the goal of making half of all vehicles sold in America electric
by 2030
. Replacing all gas-powered vehicles with electric vehicles could cost the average family an extra
$5,400 a year
for five years.
This reckless push to mandate his far-left anti-energy agenda is a slap in the face to America’s oil and gas producers, hardworking truck drivers, and farmers — the foundation of our economy.
Rather than reverse course to provide relief for families and businesses, Joe Biden and his administration have done nothing but continue their reckless spending and failed far-left agenda.
It’s long past time for Joe Biden to take into account the harmful impact of his failed agenda, which continues to worsen our inflation crisis and drive up the prices of goods, gas, and groceries.
In this new majority, House Republicans have made a “Commitment to America” — and this week, we are laser-focused on working to
REIN IN
Joe Biden’s reckless executive spending to deliver an economy that’s strong for America’s families and small businesses.
