Pelosi Statement on November Inflation Report

Washington, D.C. – Speaker Nancy Pelosi released the following statement on House Democrats' work to bring down everyday costs burdening American families:

"November's inflation numbers only add urgency to passing the Build Back Better Act to lower the costs that weigh heaviest on working families' budgets, from the price of child care, to health care to prescription drugs and more.

"The Build Back Better Act is the most significant cost-cutting and inflation-fighting measure in recent history – taking concrete action to lower everyday costs, slash middle-class taxes and put more money in working families' pockets. Build Back Better also will ease labor shortages by giving working parents the child care, universal pre-K, paid family and medical leave and home based care they need to succeed in the workforce: with children learning, and parents earning. Seventeen Nobel Prize-winning economists agree that this historic and House-passed legislation will bring down prices, declaring: ‘Because this agenda invests in long-term economic capacity and will enhance the ability of more Americans to participate productively in the economy, it will ease longer-term inflationary pressures.'

"Democrats and President Biden have already been taking aggressive steps to combat rising prices, and we are glad to see progress at the ports and gas prices falling nationally since the data for this report was collected. This week, the Democratic House took another strong step to ease supply chain delays and added costs, helping businesses get products to market and families buy goods they need by passing the Ocean Shipping Reform Act. This action builds on the once-in-a-century investments secured in the Bipartisan Infrastructure Law to fix long standing freight transportation bottlenecks and billions in the Build Back Better Act to strengthen supply chains.

"Democrats are For The People – creating jobs, lowering costs and cutting taxes for working families, while making sure the biggest corporations and wealthiest few pay their fair share."