Congressman Nick Langworthy Votes for REIN IN Act to Stem the Tide of the Biden Administration’s Excessive Executive Spending That is Driving Inflation Costs and Hurting American’s Household Budgets
WASHINGTON, DC – Congressman Nick Langworthy, co-sponsored and voted in favor of the REIN IN Act (the Reduce Exacerbated Inflation Negatively Impacting the Nation), a bill that would force the Biden Administration to address the inflationary impact of any executive spending over the amount of $1 billion dollars. Since Biden took office, he has issued 107 Executive Orders that have come with a $1 trillion price tag.
Under his appointment on the House Rules Committee, Congressman Langworthy managed a portion of the floor debate on this critical legislation to provide accountability in government spending and tackle a core component of the House GOP’s Commitment to America agenda to get our economy back on track. The bill passed in the House.
“The Biden Administration’s excessive use of executive orders has come with a huge price tag with no regard for the inflationary impact it’s having on Americans’ household budgets. This bill will put much-needed guardrails on the reckless executive spending that is causing huge spikes in groceries, gas, and home heating costs. This bill is a win for American taxpayers, who are desperate for relief from the crushing inflation costs that are making it impossible to make ends meet,” said Congressman Langworthy.
Background:
- On Biden’s his first day in office, he canceled the Keystone XL pipeline permit—and with it, the 830,000 thousand barrels per day of oil 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.
- President 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 American family an extra $5,400 a year for five years.
- When Joe Biden took office, inflation was at just 1.4%.
- In January, the CPI came in at 6.4% for the 12 months ending December.
- This was “hotter” than economists had projected and showed that inflation was not cooling down as the Biden Administration has claimed.
- Americans are paying more for just about everything because of inflation.
- Year-over-year real wage growth has been negative for 22 months.
- The skyrocketing cost of goods and services cost families $10,000 over the last two years.
- A new ABC News-Washington Post poll reports more Americans than ever before say they are WORSE off financially than before the president took office.
Congressman Nick Langworthy represents the 23rd Congressional District of New York which includes Allegany, Cattaraugus, Chautauqua, Chemung, Schuyler, and Steuben Counties and parts of Erie County. Visit langworthy.house.gov.
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