TPA Responds to May’s 40-Year High Inflation

For Immediate Release                                                                             Contact: Abigail Graham: (202) 417-7235

June 10, 2022                                                                                                 

Washington, D.C. – The Taxpayers Protection Alliance (TPA) responded to the historic consumer price index for the month of May—rising 8.6% from one year ago.  

In response, TPA Executive Director, Patrick Hedger, offered the following statement:

“President Biden has moved from denying inflation as a problem to passing the blame.

“There is plenty of blame to go around and much of it lies with Congress, but this administration continues to do everything possible to keep the cost of goods and services rising through new regulations and the failure to remove tariffs.

“If something is not done to instill faith in consumers and business owners, the so-called ‘Biden boom’ will be remembered as the sound of the economy imploding.”

###

 Taxpayers Protection Alliance (TPA) is a non-profit, non-partisan organization dedicated to educating the public through the research, analysis and dissemination of information on the government’s effects on the economy.