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Tennessee families demand action on rising costs and inflation

June 09, 2023 | Commerce, Science, and Transportation: Senate Committee, Standing Committees - House & Senate, Congressional Hearings Compilation


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Tennessee families demand action on rising costs and inflation
During a recent government meeting, Tennessee Senator Marsha Blackburn emphasized the pressing economic concerns facing her constituents, highlighting issues such as rising gas prices, grocery costs, and soaring electric bills. Blackburn noted that Tennesseans are primarily focused on inflation and government spending rather than discussions about \"junk fees\" associated with services like food delivery.

Blackburn criticized the recent debt deal, labeling it unpopular among Tennessee families for failing to address what she described as \"out of control spending\" by the government. She expressed frustration over bureaucratic discussions that seem disconnected from the everyday financial struggles of American families, particularly in Tennessee.

The senator acknowledged that while junk fees can be annoying, she believes that increased regulation from agencies like the FTC and CFPB could lead to excessive micromanagement of businesses. Blackburn argued that competition among businesses, including hotels, airlines, and online retailers, plays a crucial role in addressing consumer concerns about transparency in pricing.

The meeting also featured testimony from Vicky Morwitz, a professor of business at Columbia University, who specializes in consumer psychology and the impact of additional fees on consumer behavior. Morwitz's insights are expected to contribute to the ongoing discussion about consumer protection and the management of hidden fees in various industries.

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