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Houlahan Releases Action Plan To Fight Inflation

The Chester County U.S. lawmaker leads the New Democrat Coalition in coming up with a blueprint to reduce inflation.

CHESTER COUNTY, PA – U.S. Rep. Chrissy Houlahan, the whip of the New Democrat Coalition Inflation Working Group, has released an action plan to fight inflation, lower the cost of living and secure the long-term fiscal future of the economy.

"Inflation is a serious issue impacting Pennsylvanians, all Americans, and in fact the world—and serious issues call for serious solutions," said Houlahan, who represents all of Chester County and portions of southeastern Berks County.

The 10-member group sent letters to President Biden and Nancy Pelosi, House speaker, urging roll back costly tariffs, address the workforce shortage, and work to lower costs on everyday necessities, including housing, energy, and health care.

The group said it is prepared to work with colleagues on both sides of the aisle to lower inflation.

The plan proposes steps federal policy makers can take to reduce prices on essential goods and services to provide relief to working families.

"Thanks to President Biden and Congressional Democrats like Chrissy Houlahan's work on the American Rescue Plan and the Bipartisan Infrastructure Bill, we've seen record-setting economic growth, millions of Americans are vaccinated, kids are back in school, and people are back at work," said Suzan DelBene, chairwoman of the group who represents Washington.

The 24-page plan provides a summary of what has been accomplished as the economy recovers from COVID-19 and what needs to be done. It is available here.
The group proposes these changes:

  • Support supply chain resilience and domestic businesses through financial assistance, data sharing, and a new office in the U.S. Department of Commerce to oversee these efforts.
  • Diversify and strengthen global supply chains in coordination with our allies and close trading partners.
  • Promote U.S. leadership on the global stage through diplomacy, economic engagement, and trade policy to expand market access for U.S. goods.
  • Reduce costs for U.S. consumers
  • Coordinate with our allies to address the abuses of non-market economies
  • Ensure the U.S. writes the rules of the global economy of the future
  • Include $52 billion in funding to increase domestic advanced manufacturing of critical semiconductors, which are integral to the supply of in-demand products and technologies, such as household appliances, cars and trucks, and clean energy technologies.
  • Invest in next-generation basic and applied scientific research and development.