Dozens of Dems join GOP, pass bill to ‘REIN IN’ Biden’s inflationary executive orders

Dozens of Democrats crossed the political aisle on Wednesday and joined with Republicans voting to require the White House to assess the inflationary effect of President Biden’s executive orders before they are issued via the REIN IN Inflation Act.

The Reduce Exacerbated Inflation Negatively Impacting the Nation Inflation Act is intended to slow the Biden administration’s policies that are causing the highest inflation seen in the United States in over 40 years. The Republican bill introduced by Conference Chair Rep. Elise Stefanik (R-N.Y.) was supported by 59 Democrats. It sailed through on a 272-148 vote.

Reps. Andy Biggs (R-Ariz.), Bob Good (R-Va.), Matt Rosendale (R-Mont.), and Chip Roy (R-Texas) voted against the bill claiming that it causes more paperwork and is unlikely to produce any tangible results.

The bill was put forth by Stefanik, Ways and Means Chair Rep. Jason Smith (R-Mo.), House Oversight Committee Chairman James Comer (R-Ky.), and House Financial Services Committee Chairman Patrick McHenry (R-N.C.)

 

The act mandates that any executive order that has an annual budgetary effect of $1 billion or more will have to be studied by the administration concerning its potential inflationary effects on the economy before being issued. Republicans believe that it would make Biden think twice before imposing inflationary policies on Americans. Given the president’s track record, that does not seem likely.

The bill was passed despite objections from some Democrats over whether Biden’s policies actually cause inflation or not. Rep. Cori Bush (D-Mo.) predictably blamed inflation on COVID and Russia’s invasion of Ukraine.

“The global spike in inflation has been caused by food and fuel disruptions resulting from the illegal and unprovoked Russian invasion of Ukraine, as well as auto part supply shortages connected to the COVID-19 pandemic,” she contended during a Tuesday debate. “There is no evidence that government spending or executive orders by President Biden have increased inflation.”

Unbelievably, some Democrats delusionally argued that Biden’s massive spending bills such as the $1.9 trillion American Rescue Plan and the $700 billion-plus Inflation Reduction Act helped to ease inflation. Economists don’t buy that reasoning and, according to Fox News, some of them believe the “bills pumped up demand by flooding the country with more money in a way that drove inflation higher.”

(Video Credit: Forbes Breaking News)

“Because of the American Rescue Plan and the actual Inflation Reduction Act that Democrats passed last year, our country’s inflation rate is now lower than in the UK, Canada, and 20 other European Union member states,” Rep. Alexandria Ocasio-Cortez (D-N.Y.) insanely contended.

Republicans are determined to control congressional spending now that they control the purse strings in the House. They want Biden contained because he issues orders that are exacerbating inflation. They cited two examples of Biden’s executive orders that have had inflationary effects on the economy. One revoked the Keystone XL pipeline permit while another requires the government to move toward buying electric-only vehicles over the next decade.

“Pushing one big-spending policy after another, President Biden has continued to throw fuel on the inflationary fire,” Comer proclaimed. “That fire is rapidly consuming the wages of our constituents. They have had to pay higher and higher prices for everything from eggs to electricity, all while inflation pushes their real wages further and further behind.”

“The REIN IN Act ensures that costly actions the president decides to take solely under his own authority through executive orders will not go into effect until he is informed of and considers the potential inflationary effects,” he continued. “The hope is the president, once he is informed of and understands the potential for inflationary harm from his own policy initiatives, will think twice about inflicting such harm.”

“House Republicans are holding the Biden Administration accountable for fueling the worst spike in prices in a generation,” Smith charged. “Under this bill, President Biden will have to reveal the inflationary cost of his reckless agenda, which he has tried to dismiss or downplay for the last two years. Since the start of his administration, President Biden has spent more than $1 trillion on executive actions that are continuing to fuel his inflation crisis – including a $500 billion student loan giveaway to the wealthy.”

Stefanik asserted that families are getting crushed by inflation that’s hitting nearly everything they are forced to buy. She stated that Congress needs to pass the bill to force Biden to recognize it.

“During the past two years of one party, far-left, radical, socialist Democrat rule in Washington led by President Joe Biden, inflation has skyrocketed to the highest level in my lifetime,” she declared. “You talk to any family, any small business, any farmer, any manufacturer, and they will say that the inflation that they are suffering from is crippling their businesses, crippling their family budgets.”

According to the bill’s summary, “the requirement does not apply to executive orders that (1) provide for emergency assistance or relief at the request of any state or local government or an official of the government, or (2) are necessary for national security or the ratification or implementation of international treaty obligations.”

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