House Committee on Small Business Ranking Member Blaine Luetkemeyer released the following statement on the July 2021 Consumer Price Index report released by the Department of Labor:

“Today’s inflation report reaffirms what Republicans have been warning for months. Small businesses nationwide are being forced to bear the burden of the Democrats’ massive government spending agenda in all sectors. Make no mistake – inflation is taxation. With inflation at a 13-year high, this report is yet another indicator that Main Street U.S.A. simply cannot afford the inflation tax that comes with the Democrats’ failed economic policies.”

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