Duval Times

In case you missed it, yesterday, Senator Rick Scott released a statement following reports that Vice President Kamala Harris is proposing federal price controls to combat the historic inflation caused by the Biden-Harris administration’s policies. Federal price controls are viewed as a radical policy that could harm American families and businesses. The Federal Reserve Bank of St. Louis published a report in 2022 titled "Why Price Controls Should Stay in the History Books," highlighting potential risks.

Senator Rick Scott stated, “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. She claims that Congress needs to ban ‘price gouging,’ which is already widely illegal and not the cause of high prices. The skyrocketing prices created by the Biden-Harris administration aren’t price-gouging; it’s inflation. Her solution to the Harris Price Hikes she caused is big government on steroids—where Washington bureaucrats stick their hands into American businesses and say what they can and can’t sell a product for. It never works because it causes companies to make much less of something—destroying supply and causing a mass shortage of goods. One day in a middle school economics class would teach her those basic principles. Unfortunately, it’s not surprising to see such a dangerous and clearly flawed proposal come from a career politician who has never run a business.”

Scott further emphasized that controlling inflation requires the federal government to stop reckless spending and address what he calls the destructive war on U.S. energy led by the current administration.

Since his election to the U.S. Senate, Senator Scott has repeatedly called for action to address America’s debt crisis and inflation's harmful effects.