GOP Rep. Jason Smith: ‘People Are Struggling,’ Rates Are a Factor, Need to Fall ‘Several More Points’

On Wednesday’s broadcast of NewsNation’s “On Balance,” House Ways and Means Committee Chairman Rep. Jason Smith (R-MO) stated that “People are struggling, and it’s because of multiple factors, but high interest rates, they need to come down. A quarter point is good, but they need to come down several more points.”

Host Leland Vittert asked, “Are Republicans understanding enough of how much America is hurting, regardless of a quarter-point drop and a record-high stock market?”

Smith answered, “Without a doubt.” He added that, at field hearings of the Ways and Means Committee, interest rates and inflation have been major issues people have…

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