Last week, the PA Chamber, alongside a coalition of leading industry associations across the Commonwealth, sent a joint letter to U.S. Senator Bob Casey (D-PA) pushing back on his recent comments regarding “greedflation” and its alleged impact on rising consumer prices.
“While we share your concerns about the impact of rising costs on families, attributing inflation to ‘greedflation’ distorts a complex economic issue and inappropriately scapegoats the business community and the constituents you represent,” the letter reads.
The letter identifies several factors contributing to inflation – including federal stimulus legislation, pandemic-related supply chain disruptions, labor costs, and geopolitical events – and urges Casey to refrain from engaging in rhetoric that unfairly targets Pennsylvania employers. “Inflation is driven by many complex factors… Ignoring these realities and perpetuating a narrative that blames the business community is misleading and inappropriately attacks the character of hardworking Pennsylvanians who create jobs, contribute to our communities, and drive our economy,” the letter continues.
The letter also underscores the importance of constructive dialogue and collaboration between lawmakers and the private sector to address economic challenges. “We urge you to embrace that approach going forward and move on from this disparaging rhetoric, which undermines our shared efforts to tackle the serious economic difficulties we face and move Pennsylvania forward,” the letter concludes.
Other groups who co-signed the letter include:
- Pennsylvania Manufacturers’ Association
- Pennsylvania Food Merchants Association
- PennAg Industries Association
- Broadband Communications Association of Pennsylvania
- Pennsylvania Bankers Association
- Manufacturer & Business Association
- Pennsylvania Restaurant & Lodging Association
The full text of the letter can be accessed here.