House Republican falsely claims to constituents that inflation is nearly five times higher than reality

House Republican falsely claims to constituents that inflation is nearly five times higher than reality
Image via Creative Commons.
Economy

A sitting U.S. Congresswoman who may have violated a federal conflict of interest law by incorrectly reporting receipt of $500,000 in stocks took a page out of Dr. Oz’s playbook Wednesday, cutting an ad showing her shopping – not for crudité, but for back-to-school supplies as she complains about prices while falsely claiming U.S. inflation is 40%.

Rep. María Elvira Salazar, Republican of Florida, who voted against the Inflation Reduction Act, recorded the ad (below) in Spanish with English subtitles inside a Target and posted it to her personal Twitter account.

In it she falsely states the rate of inflation. Current U.S. inflation is 8.5% annually. For the month of July it was at zero percent, which caused the annual rate to drop from 9.1% in June to 8.5%.

Many other countries have much higher inflation. The UK’s annual rate just jumped to 10.1%, a quarter of what she claimed the U.S. inflation rate is. Inflation is highest in Venezuela at 1198%. Sudan is at 340%. Argentina is at 51.2%, and Turkey is at 36.1%.

Congresswoman Salazar voted against the Inflation Reduction Act, as did every House and Senate Republican. Defensively, after she posted her video, on Twitter she wrote: “Let me be clear: the Inflation Reduction Act will do NOTHING to reduce inflation. Instead, it’s going to raise your taxes, send American jobs overseas, and weaponize the IRS to come for your hard-earned dollars.” All of which is false for the vast majority of Americans.

In a press release targeting Rep. Salazar the Democratic Congressional Campaign Committee (DCCC) announced the House passed “the Inflation Reduction Act, broadly popular legislation that will lower the cost of prescription drugs, health insurance, and everyday energy costs — all while reducing the deficit and carbon emissions, by making the wealthiest corporations finally pay their fair share.”

“Despite Americans supporting every component of this bill, María Elvira Salazar chose to play politics, lie to voters, and vote against legislation that will benefit American families.”

According to reported Insider, Salazar “appears to have violated a federal conflicts-of-interest law by improperly disclosing a 6-figure stock trade.”

“On June 10, Salazar disclosed in a congressional financial filing that, on February 14, she had received up to $500,000 worth of publicly traded stock in Cano Health Inc., a company that provides health care services for seniors.”

Watch Rep. Salazar’s video below or at this link:

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