New Dems Release Comprehensive Action Plan to Fight Inflation and Cut Costs for Americans
The New Dem Action Plan Outlines Concrete Steps the Biden Administration and Congress Can Take to Tackle Short- and Long-Term Inflation and Lower Americans’ Living Costs
Today, the New Democrat Coalition (NDC) released a comprehensive action plan to fight inflation, lower the cost of living for Americans, and secure the long-term fiscal future of the nation. The New Dem plan examines the actions President Biden and Congressional Democrats have already taken to cut costs and outlines tangible steps federal policymakers can take to reduce prices on essential goods and services and provide relief to American families, workers, and businesses.
New Dem Leadership members today also wrote to President Biden and Congressional Leadership calling for the implementation of the Coalition’s plan to fight inflation. New Dems urged President Biden to roll back costly and ineffective Trump-era tariffs, address the workforce shortage, and work to lower costs on everyday necessities, including housing, energy, and health care. In Congress, New Dems are pressing leadership to quickly finalize a bipartisan innovation bill, negotiate a strong reconciliation bill focused on fighting inflation, and use every legislative week to advance an affordability agenda on the House floor.
President Biden and Congressional Democrats have made historic progress in getting Americans back to work, growing the economy, strengthening supply chains, and reversing decades of underinvestment in our nation’s infrastructure. However, this rapid economic growth along with lingering pandemic challenges and Putin’s unjust war in Ukraine have led to rising prices here at home and across the globe. That’s why the NDC formed a first-of-its-kind Inflation Working Group that meets and works with economists, policy experts, and key stakeholders to develop and advance effective policy solutions to fight inflation.
Following months of hard work, the New Dem Inflation Working Group Members finalized a comprehensive action plan to tackle the urgent challenge of inflation. This plan takes a multi-pronged approach to lower prices by strengthening supply chains, addressing labor shortages, reducing trade barriers, and making everyday necessities more affordable.
“Thanks to President Biden and Congressional Democrats’ work on the American Rescue Plan and the Bipartisan Infrastructure Bill, we’ve seen record-setting economic growth, millions of Americans are vaccinated, kids are back in school, and people are back at work,” said Chair Suzan DelBene (WA-01). “But despite this progress, real economic challenges remain, and global inflation is hitting American families hard. That’s why the New Democrat Coalition created an Inflation Action Plan that outlines key actions Congress and the Biden administration can take to ensure Americans can afford everyday necessities – like food and gas. Americans sent us to Washington to deliver on the issues that matter most and tackle urgent challenges with effective solutions. As the ‘get stuff done’ caucus in Congress, that’s exactly what New Dems will do.”
“New Dems know that global inflation and rising prices have been limiting Americans’ ability to pay for the essentials. Our Coalition formed an Inflation Working Group to find concrete solutions to address this urgent challenge and an action plan with innovative ideas and steps to lower costs for families,” said NDC Vice Chair for Policy Scott Peters (CA-52). “The challenge is great, but so is the opportunity. New Dems look forward to leading the charge on this plan to make a difference in Americans’ lives and to invest in the long-term economic success of our nation.”
New Dems will work closely with the Biden administration and our colleagues on both sides of the Capitol and the aisle to fully execute this Action Plan to Fight Inflation to provide swift relief to families and set the American economy up for long-term success.
You can find the full NDC Inflation Action Plan here.
You can find the letter to President Biden here.
You can find the letter to Congressional leadership here.
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