The top Republican on the House Ways and Means Committee criticized President Joe Biden’s efforts to tame soaring inflation, arguing that his proposals—like rolling back some Trump-era tariffs on Chinese goods or a gas tax holiday—amount to a “political gimmick” and “theater.”
Rep. Kevin Brady (R-Texas), the Republican Leader on the House Committee on Ways and Means, made the remarks in an interview on CNBC’s Squawk Box on July 5, in which he said Biden’s policies have contributed to soaring inflation in a “big way.”
Inflation has been running at a 40-year high in the United States, with the most recent Consumer Price Index (CPI) data showing prices rising at 8.6 percent in annual terms….