STATEMENT: BIDEN AGENDA TACKLES HIGH PRICES HEAD-ON

FOR IMMEDIATE RELEASE 
October 13, 2022

Contact: 
TJ L’Heureux, Press Secretary
[email protected]

STATEMENT: BIDEN AGENDA TACKLES HIGH PRICES HEAD-ON

WASHINGTON, DC — Invest in America’s senior adviser Zac Petkanas issued the following statement in response to the Consumer Price Index (CPI) report released today by the Bureau of Labor Statistics:

“Higher costs aren’t just a problem for Americans; they’re a problem for the whole world as a result of the global pandemic. But thanks to President Biden’s agenda the U.S. is well-positioned to fight rising prices, adding over 10 million new jobs and seeing its lowest unemployment rate in over 50 years.

“President Biden’s economic agenda will directly tackle the price pressures that we saw in today’s report by lowering energy, health care, and prescription drug costs for millions of American families.

“Our success in tackling lower prices depends on the Inflation Reduction Act. Too many of our leaders are making politically motivated attacks against it when they should be asking how we can implement it faster so that we can get people relief sooner.”

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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