The average Georgia household has spent $28,502 more for goods and services since the start of the Biden-Harris Administration in January of 2021.
That’s according to data released by the US Senate Joint Economic Committee (JEC) Republicans.
The JEC report found that the average Georgia household has spent $4,276 more on energy, $9,337 more on transportation, $3,265 more on food, and $5,945 more on shelter due to inflation since President Biden and Vice President Harris took office. The report found that over that time, Georgians have experienced cumulative inflation of 21.7 percent which is higher than the national cumulative inflation rate.
In August of last year, Vice President Harris touted the Biden-Harris administration’s economic successes. She spoke of the accomplishments of the administrations and declared “we are very proud of Bidenomics,” and that “Bidenomics is working.”
White House Press Secretary Karine Jean-Pierre confirmed for reporters in August of 2024 that there has been “no daylight” between Biden’s policies and Kamala Harris’ and said that the President and Vice President have been “aligned” during their administration. Jean-Pierre said that Harris would “build” on Biden’s policies if elected.
As Vice President, Kamala Harris cast tie-breaking votes to advance and pass major Biden-Harris administration spending plans including the American Rescue Plan and the Inflation Reduction Act. The total cost of these bills is over $3 trillion dollars as the American Rescue Plan included $1.9 trillion in spending, and according to a Goldman Sachs report, the green subsidies in the Inflation Reduction Act will cost $1.2 trillion.
According to the Associated Press, the $1,9 trillion American Rescue Plan stimulus had an adverse effect as “[m]any economists have suggested that President Joe Biden’s stimulus package in March 2021 intensified the inflation surge.”
