Washington, D.C. - Tonight, U.S. Senator Bob Casey (D-PA) released the following statement on President Biden’s State of the Union address:
“As the President declared tonight, the state of the American economy is strong, with record high job creation and record low unemployment. Landmark investments from the Infrastructure Investment and Jobs Act, the CHIPS and Science Act, and the Inflation Reduction Act are bolstering our infrastructure, expanding our manufacturing sector, cleaning up abandoned mine lands, and setting our Commonwealth up for the economy of the future. Seniors on Medicare are paying no more than $35 a month for insulin and over the coming months and years, prescription drug prices will continue to be ratcheted down.
“Despite strong economic data, we’ve got more work to do. We need to keep bringing down costs for working families in Pennsylvania and across the Nation, and I’m glad the President shares my concerns about greedflation, shrinkflation, and other ways that big corporations are squeezing hardworking Americans. We need to support our allies in Ukraine and Israel as they take on threats from Putin and Hamas, while ensuring that all innocent civilians caught in the crosshairs of war get the humanitarian aid they need. Finally, we need to secure our border and stop the flow of fentanyl that is ravaging cities and rural areas alike. Solving these problems shouldn’t be partisan, and I call on Congress to work together and take action in the weeks and months to come.”
During his speech, President Biden credited Senator Casey for his work to take action against greedflation, shrinkflation, and other forms of price gouging by large corporations. Since last November, Senator Casey has introduced a series of reports detailing various ways that corporations have squeezed American families. He also introduced the Shrinkflation Prevention Act, which penalizes corporations that deceive consumers by selling smaller sizes of their products without lowering the prices, and the Price Gouging Prevention Act, which would crack down on corporate price gouging and protect American families from greedflation.
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