New Democrat Coalition Announces Creation of a New Working Group Focused on Fighting Short- and Long-Term Inflationary Pressures
The NDC Inflation Working Group Will Develop and Advance Policy Solutions to Reduce Inflation and Lower Costs for American Families and Workers
Today, the New Democrat Coalition (NDC) announced the formation of a new Inflation Working Group. Members will work to advance policy solutions to lower costs for American families, free up supply chains, and fight inflationary pressures over the short- and long-term.
The economy under President Biden and Democratic majorities in Congress is roaring, but the ongoing COVID-19 pandemic and decades of underinvestment in supply chains have contributed to rising costs across the globe. Democrats have worked to clear bottlenecks by extending operations at major ports, releasing oil from the Strategic Petroleum Reserve, and enacting the Bipartisan Infrastructure Law. House Democrats have also passed the America COMPETES Act to strengthen U.S. supply chains, but there is more work to be done. The NDC Inflation Working Group will build on this progress to provide relief to Americans that are struggling to keep up with rising prices.
“The United States is experiencing a Biden Boom. Our economic recovery has been strong and widespread with growth in several sectors, but like the rest of the world, many Americans are facing rising costs driven by the pandemic,” said NDC Chair Suzan DelBene (WA-01). “From feeding their families to heating their homes, New Dems have heard how inflation is impacting our constituents’ daily lives. Our members are listening and have established the Inflation Working Group to advance policies that will address these challenges and lower costs for Americans.”
"Under the Biden administration, our economy has recovered in terms of jobs and growth. Now, Americans are feeling effects of inflation, and New Dems want to make sure that we are doing everything we can in Congress to help," said NDC Vice Chair for Policy Scott Peters (CA-52). "This new working group – the first of its kind within the New Democrat Coalition—will push for solutions that target the sources of inflation, strengthen supply chains, and ease escalating prices. Our coalition is taking charge to ensure our constituents can take full advantage of our robust economy."
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