March 4, 2021.
That was the day that Vice President Kamala Harris cast the tie-breaking vote in the U.S. Senate to advance the behemoth $1.9 trillion spending package known as the American Rescue Plan. The bill — which not a single Republican in the House or Senate voted for — was signed into law a week later.
The American Rescue Plan was the catalyst that sparked the country’s highest inflation rates in over 40 years, with The Washington Post noting that prices on a wide-range of items began to rise “within days” of the bill being signed into law. The following month, inflation jumped from 2.6% to 4.2%, the highest number in well over a decade, and a year later, inflation rates were soaring over 8% on a monthly basis, going as high as 9.1% in June 2022.
According to the newest statistics from the Bureau of Labor Statistics, prices on nearly everything have skyrocketed during…
