Several Republican lawmakers are backing legislation that would raise the threshold required to move spending bills through the Senate when the nation is experiencing high inflation.
Sen. Marsha Blackburn of Tennessee introduced the proposal and is joined on the legislation by fellow Republican Sens. Roger Marshall of Kansas, Joni Ernst of Iowa, and Rick Scott of Florida, according to Blackburn's news release.
"The Stop The Inflationary Spending Spree Act would amend Senate Rule XXII to increase the voting threshold to two-thirds to invoke cloture on general appropriations bills during periods that the Consumer Price Index sits above 4.0%," according to the release.
The current threshold for cloture is three-fifths, so a move to a two-thirds threshold would mean that if all 100 senators are present, the threshold would rise from 60 up to 67.
"Tennesseans cannot afford the left’s endless spending spree," Blackburn said in a statement. "Joe Biden’s radical economic agenda has resulted in decades-high inflation, and in return, the White House and Congressional Democrats have refused to slow their spending. The Stop The Inflationary Spending Spree Act will force them to work on bipartisan solutions instead of forcing through increased spending that will hurt our economy."
Americans have been experiencing the economic consequences of high inflation.
According to the U.S. Bureau of Labor Statistics, the consumer price index shows significant price increases over the last year.
"The all items index rose 6.8 percent for the 12 months ending November, the largest 12-month increase since the period ending June 1982," the BLS noted. "The index for all items less food and energy rose 4.9 percent over the last 12 months, while the energy index rose 33.3 percent over the last year, and the food index increased 6.1 percent."
The Biden administration is aiming to ram through a massive spending proposal, which it claims would actually alleviate inflation.
"I have a plan to lower costs and ease inflation – my Build Back Better Act," President Joe Biden's @POTUS account tweeted earlier this month.