Duval Times

Senator Rick Scott issued a statement today in response to reports that Vice President Kamala Harris is proposing federal price controls as a measure to address inflation. Scott attributes the current inflation to what he describes as the Biden-Harris administration's failed policies, reckless government spending, and actions against U.S. energy.

Scott criticized Harris' proposal, stating, "Tomorrow, Vice President Harris, a person who has never built a business, doesn’t understand profit and loss, has never met payrolls, and who has never competed in a consumer market, is going to propose federal price controls. That should terrify every American." He further argued that high prices are due to inflation rather than price gouging and suggested that Harris' plan would exacerbate supply issues by discouraging production.

Scott emphasized his belief that controlling inflation requires curbing government spending and reversing policies affecting U.S. energy production. He stated, "Getting inflation under control will happen when the federal government stops recklessly spending money it doesn’t have, and we finally beat back the destructive war that the Biden-Harris administration has waged on U.S. energy which has made the cost of everything go up."

A 2022 report from the Federal Reserve Bank of St. Louis titled “Why Price Controls Should Stay in the History Books” was cited by Scott as evidence against implementing such measures.