Duval Times

Following the release of the Bureau of Economic Analysis' PCE Report, which indicated a 2.1% increase in consumer prices for September, Senator Rick Scott criticized the Biden-Harris administration's economic policies. According to Senator Scott, these policies have led to significant inflation and a decline in Americans' purchasing power.

Senator Scott emphasized that since the current administration took office, consumer prices have increased at a rate 26% faster than private-sector wages. He stated that "paychecks now buy less than they did in January 2021." This sentiment is echoed in an article co-authored by Senator Scott and Senator Ted Cruz in the Wall Street Journal.

In his statement, Senator Scott said, “Once again, the Biden-Harris administration’s handling of the economy continues to be a massive failure wreaking havoc and bringing hardship on Florida families. Their economic agenda has been a complete disaster, especially the pain they have caused with historic inflation." He further noted that despite any reassurances from the White House, "the American people are smart, and they can feel this agenda working against them every single day."

Scott highlighted several consequences he attributes to these policies: small businesses closing, individuals taking multiple jobs to meet financial needs, and seniors returning to work due to financial pressures. He described life as becoming increasingly unaffordable for many families under the current administration.

Since joining the U.S. Senate, Senator Scott has consistently called for measures to address national debt and combat inflation's negative impacts. More information on his efforts can be found through various statements and his Quarterly Economic Snapshot.