Real Cost of Inflation (Cong. Rec., Sept. 22, 2021)
Summary
This is H4870 of the Congressional Record, House, September 22, 2021, with interleaved columns of five-minute speeches. The page begins with the end of remarks calling for answers on the Afghanistan withdrawal. Under the heading Real Cost of Inflation, Ms. Foxx says the cost of gasoline is up almost 43 percent and beef almost 12 percent and criticizes a $3.5 trillion spending bill. Mrs. Miller-Meeks discusses COVID-19 testing at the southwest border, and Ms. Plaskett discusses economic development initiatives for the Virgin Islands, including the child tax credit and the earned income tax credit in the Build Back Better legislation, with the views attributed to the speakers.
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“Real Cost of Inflation (Cong. Rec., Sept. 22, 2021).”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/crec-crec-2021-09-22-crec-2021-09-22-pt1-pgh4870-cb7fab004a/
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H4870 CONGRESSIONAL RECORD — HOUSE September 22, 2021
about the failures that led up to the mental tax relationship between the of natural disasters by providing incen-
disastrous Afghanistan withdrawal. United States and its island territories tives for upfront investments.
This is an issue that cannot be swept before there was even an income tax. We are providing strong incentives to
under the rug and forgotten. Unfortu- This bill would repeal the cap that has attract capital and promote jobs in
nately, this administration has already been imposed on the program since communities that need it the most,
decided to move on and look the other 1984. significant resources for rural areas,
way. In addition, we are continuing to ex- Tribal communities, and underserved
Thirteen patriots lost their lives just pand the federally funded Child Tax minority communities.
a few short weeks ago, and countless Credit, including reimbursing the Is- We have affordable housing to help
Americans who wanted to leave were lands’ government who pay out the reduce housing inequality and path-
left behind. The whole world watched costs for providing the credit. The ways to homeownership, which is about
this crisis grow, and America’s credit, as expanded in the American wealth creation in this country.
strengths and leadership were called Rescue Plan, would be continued for Democrats have heard the needs and
into question by our closest allies. This additional 4 years. desires of the American people, all
crisis should have never unfolded the This child tax cut has cut child pov- American people—Democrats, Repub-
way it did. erty by 50 percent, 50 percent. Cutting licans, independents, rural, urban,
Now is the time for answers, Madam child poverty by the child tax cut small town, islands even. We are here
Speaker. The American people demand makes economic sense. to help you.
them and the world expects them. Under the Annie E. Casey Founda- f
REAL COST OF INFLATION tion study, America has lost $500 bil-
BIDEN’S BORDER CRISIS
Ms. FOXX. Madam Speaker, Amer- lion a year in lost production due to
ican families are feeling the immense children who have lived in poverty The SPEAKER pro tempore. The
strain that has been caused by Presi- most of their life because of hunger, Chair recognizes the gentlewoman from
dent Biden’s economic crisis. From the leading to loss of jobs, school dropouts, Iowa (Mrs. MILLER-MEEKS) for 5 min-
gas pumps to the grocery store, prices prison, all of these things will now utes.
for even the most basic commodities have a way for these children to come Mrs. MILLER-MEEKS. Madam
are skyrocketing to obscene levels. out. Speaker, I rise today to discuss the cri-
The cost of gasoline is up almost 43 Furthermore, we are extending the sis along our southwest border during
percent. The cost of beef is up almost changes made to the Earned Income the ongoing public health emergency.
12 percent. The cost of propane is up al- Tax Credit in the American Rescue Last year, the Department of Home-
most 23 percent. Even the prices of Plan. We increase the value of the land Security Office of Inspector Gen-
used cars are up almost 45 percent. Earned Income Tax Credit for workers eral released a report titled ‘‘DHS
Madam Speaker, increased spending with no qualifying dependents, and we Needs to Enhance Its COVID–19 Re-
by the Federal Government is not a do that on a permanent basis in Build sponse at the Southwest Border.’’ The
remedy to solve this crisis, nor is a $3.5 Back Better. DHS OIG findings highlight what Re-
trillion spending bill that will cripple publicans have been saying for 7
b 1030 months, that U.S. Customs and Border
the American economy even further.
Congress must get its fiscal house in In addition, we are providing Protection does not conduct COVID–19
order. lookback provisions that are necessary testing for migrants who enter CBP
f
for individuals. This important part of custody and is not required to do so.
the earned income tax credit is pre- Further, the report notes that with-
ECONOMIC DEVELOPMENT mised on the idea that if a taxpayer’s out stronger COVID–19 prevention
INITIATIVES earned income was less in a given year measures in place, DHS is putting its
The SPEAKER pro tempore. The than it is in the prior year, the tax- workforce, support staff, border com-
Chair recognizes the gentlewoman from payer may elect to use their prior munities, and all communities and mi-
the Virgin Islands (Ms. PLASKETT) for 5 year’s earned income in computing the grants at greater risk of contracting
minutes. EITC. That is, this is a 1-year the virus.
Ms. PLASKETT. Madam Speaker, lookback. This will provide stability to It is our responsibility in Congress to
last week, the Ways and Means Com- taxpayers who have experienced eco- ensure that our frontline workforce, in-
mittee on which I sit, along with nu- nomic shocks in any given year, the cluding the brave men and women of
merous other committees in this same way we do for businesses. CBP, who put their lives on the line
House, moved forward toward com- This legislation provides much-need- daily, are adequately protected.
pleting our work to achieve President ed relief to the U.S. territories from More than 6 months ago, I introduced
Biden’s and the American people’s vi- the GILTI tax that was supposed to my first piece of legislation, the
sion to build back better. apply to foreign jurisdictions. Since REACT Act, which would require the
The legislation contains economic 2017, there have been significant con- Department of Homeland Security to
development initiatives that I have cerns about the application of the test all migrants illegally crossing our
long championed to create good-paying GILTI tax to sovereign territories of border who they plan to release into
jobs, while lowering costs and cutting the United States, including the U.S. our communities. In March, I offered to
taxes for American families, not Amer- Virgin Islands as well as the other ter- bring the REACT Act to the floor for a
ican wealthy. This is the kind of legis- ritories, flowing from the treatment of vote, but it was rejected by the major-
lation that makes America great. This U.S. territories under the Internal Rev- ity.
is the kind of legislation that assures enue Code. Simultaneously, we are seeing the
the American people that we have not I am pleased to see the additional ac- majority prepare to spend $3.5 trillion,
abandoned them in their time of need. commodations to smaller-sized busi- mortgaging our children’s and grand-
To remain the greatest Nation, we nesses and the economic activity that children’s futures.
must support the most vulnerable por- will allow jobs and incomes to flourish. Let’s be clear that none of the money
tion of America. For these employers, the possessions in this tax-and-spend package would go
Importantly, for my district, this bill wage credit would be increased from 20 to CBP. This is while the DHS OIG
contains specific measures for the percent to 50 percent of eligible posses- heard from CBP officials that they do
much-needed economic recovery of the sions wages and allocable fringe bene- not have the necessary resources to
U.S. territories, which have been se- fits for each employee. With these en- conduct COVID–19 testing. Yet, many
ctelli on DSK11ZRN23PROD with HOUSE
verely tried in recent years. It fixes hanced credits, the Ways and Means on the other side remain unconcerned
longstanding fiscal cliffs related to re- Committee acted to provide relief to about the lack of testing along our
bate on Federal excise taxes on dis- service-based economies. southern border.
tilled spirits production in the terri- I am also excited about the proactive In August, more than 208,000 mi-
tories, our rum cover over. The cover support for disaster resilience. We are grants were encountered along the
over has been a part of the funda- providing tools to mitigate the impact southwest border. This means each day
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