Washington, D.C. – Congressman Darin LaHood (IL-18), a member of the House Ways and Means Committee, released the following statement on the 2nd Quarter GDP report, which shows the economy dangerously slipping into a recession:
"Under the Biden Administration and one-party Democrat rule in Washington, inflation is at a 40-year high, gas prices have doubled, real wages are falling, and the economy has shrunk for the second straight quarter. The White House can play word games all they want, but it's their reckless economic policies and failure to address the true causes of inflation that are forcing families in central and west central Illinois to make incredibly tough budgetary decisions.
"Now, Congressional Democrats have revived their radical "Build Back Better" agenda that would raise taxes, kill American jobs, and stifle our independent energy sector, all while pushing inflation higher and further harming economic growth. President Biden and Washington Democrats carelessly threw our economy into a recession, and they are preparing to make it worse for American workers and families."
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