UPDATED 12:07 PM PT – Wednesday, November 10, 2021
Sen. Joe Manchin (D-W.Va.) has raised concerns about the rising inflation rate under the Biden administration. In a tweet Wednesday, the Democrat said “the threat posed by record inflation to the American people is not transitory and is instead getting worse.”
His remarks came after the Consumer Price Index rose to 6.2 percent in October, which is the biggest inflation jump in more than 30-years. Manchin has been outspoken about the negative impact of inflation on the economy as Biden pursues his spending agenda.
By all accounts, the threat posed by record inflation to the American people is not “transitory” and is instead getting worse. From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day.
— Senator Joe Manchin (@Sen_JoeManchin) November 10, 2021
“Throughout the last three months I have been straightforward about my concerns that I would not support a reconciliation package that expands social programs and irresponsibly, adds to our $29 trillion in national debt that no one seems to really care about or talk about,” stated the West Virginia lawmaker. “Nor will I support that risks hurting American families suffering from historic inflation.”
Manchin pointed out the high prices for gas and groceries, which have sky-rocketed under the Biden administration. He added, “Americans know the inflation tax is real and D.C. can no longer ignore the economic pain Americans feel every day.”
Meanwhile, Biden said there’s still “more work to do” before the economy is back to normal. In a statement Wednesday, he said reversing the current trend of inflation is a top priority and stressed he’s taking action aimed at lowering energy costs.
This comes as the Labor Department released new data showing the consumer price index rose 6.2 percent from October 2020. Biden claims the recently passed infrastructure bill will make goods more available and less costly. The Democrat is also pushing Congress to pass his Build Back Better plan and said it will “ease inflationary pressures.”