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achieve both fiscal and environmental goals in 2025 Layering a modest carbon fee on top of the Inflation Reduction Act could reduce emissions generate large streams of revenue and facilitate cooperative...toward a cleaner tax code But far more significant the emissions reductions achieved through the Inflation Reduction Act can be turbocharged through the adoption of a modest carbon fee while simultaneously...modest carbon fee on top of the existing emissions reduction progress due to the investments in the Inflation Reduction Act and forthcoming emissions rules While recent policy actions during the Biden Administration...

government spending which could trigger disruptive inflation that would hurt vulnerable populations the most We saw this play out following the pandemic when inflation reached a 40 year high following the Federal...cap exempt spending Following excessive spending during the COVID 19 pandemic that contributed to inflation reaching a 40 year high Congress should shift gears by pursuing deficit reduction that enables economic...

commitment to low inflation and stable prices Historical data show that only under exceptional circumstances has real GDP growth outpaced the growth of public debt In fact inflation has been the largest...

manufacturing sector more than doubled a surge which reflected the significant impact of programs from the Inflation Reduction Act the bipartisan infrastructure law and the CHIPS and Science Act Since last November...

Weakening the Job Market and Hollowing Out the Middle Class As the President s tariffs continue to fuel inflation and uncertainty Americans are facing a weakening job market where fewer companies are hiring and...every full month since the President s reciprocal tariffs were announced in April The JEC Minority found that between February and April 2025 the economy added an average of 127 000 jobs per month The average...average job growth for each full month following the President s widescale tariff announcements was just 27 000 100 000 fewer jobs added to the economy compared to the monthly average prior to Trump s reciprocal...

Statistics the Joint Economic Committee JEC State Inflation Tracker estimates that the average household in West Virginia is paying 915 more per month to purchase the same basket of goods and services...Virginia household has spent 27 179 more due to inflation since January 2021 Breakdown The Census Division where West Virginia is located has seen cumulative inflation of 22 4 percent since January 2021 This is...than the national cumulative inflation since January 2021 of 20 7 percent Compared to one year earlier the average West Virginia households needs to spend 140 more per month to maintain the same standard...

Labor Statistics the Joint Economic Committee JEC State Inflation Tracker estimates that the average household in Missouri is paying 1 102 more per month to purchase the same basket of goods and services as...Missouri household has spent 33 601 more due to inflation since January 2021 Breakdown The Census Division where Missouri is located has seen cumulative inflation of 20 7 percent since January 2021 This is...higher than the national cumulative inflation since January 2021 of 20 7 percent Compared to one year earlier the average Missouri households needs to spend 186 more per month to maintain the same standard of...

Labor Statistics the Joint Economic Committee JEC State Inflation Tracker estimates that the average household in Louisiana is paying 890 more per month to purchase the same basket of goods and services as...Louisiana household has spent 28 426 more due to inflation since January 2021 Breakdown The Census Division where Louisiana is located has seen cumulative inflation of 20 5 percent since January 2021 This is...lower than the national cumulative inflation since January 2021 of 20 7 percent Compared to one year earlier the average Louisiana households needs to spend 97 more per month to maintain the same standard of...

Labor Statistics the Joint Economic Committee JEC State Inflation Tracker estimates that the average household in Illinois is paying 1 149 more per month to purchase the same basket of goods and services as...Illinois household has spent 35 255 more due to inflation since January 2021 Breakdown The Census Division where Illinois is located has seen cumulative inflation of 20 6 percent since January 2021 This is...lower than the national cumulative inflation since January 2021 of 20 7 percent Compared to one year earlier the average Illinois households needs to spend 200 more per month to maintain the same standard of...

Statistics the Joint Economic Committee JEC State Inflation Tracker estimates that the average household in North Carolina is paying 1 048 more per month to purchase the same basket of goods and services...Carolina household has spent 31 111 more due to inflation since January 2021 Breakdown The Census Division where North Carolina is located has seen cumulative inflation of 22 4 percent since January 2021 This...than the national cumulative inflation since January 2021 of 20 7 percent Compared to one year earlier the average North Carolina households needs to spend 161 more per month to maintain the same standard...