CHAIRMAN SMITH ON JULY CPI REPORT: REPUBLICANS ARE WORKING TO LOWER COSTS AND GROW WAGES WHILE DEMOCRATS ARE PUSHING MORE GOVERNMENT SPENDING AND HIGHER TAXES FOR WORKING FAMILIES

WASHINGTON, Aug. 12 -- The House Ways & Means Committee Chairman issued the following news release:

Republican tax cuts are delivering permanent relief as core inflation slows.

WASHINGTON, D.C. - Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) report for July 2026:

"Republicans passed the Working Families Tax Cuts to provide meaningful relief for working-class Americans. Core inflation remains less than half of the peak that families experienced during the Biden Administration when Congressional Democrats' spending drove prices through the roof, while today leading Democrats are pledging to take their reckless tax-and-s...