Video & Transcript : 'inflation impacts' :
Page 35 of 500
MN
Transcript Highlights:
- </c> of energy are are all impacting of energy are are all impacting Minnesota's<00:07:55.039><c> bottom
- The other part of this bill is the automatic gas inflator.
- Last year they passed an automatic gas inflator, so the gas tax automatically goes up.
- The revenue note says this includes the impact proposed as amended by the A10 and A12.
- </c><00:45:37.280><c> of</c> no one Research into with the impact of no one Research into with the impact
Committee:
House Taxes
MN
Minnesota 2025-2026 Regular Session
Committee on Environment, Climate and Legacy - 02/27/25
Environment, Climate, and Legacy
Transcript Highlights:
- </c> you're all familiar with the inflation you're all familiar with the inflation as<00:43:39.960><c
- You're telling me that the impacts are, you know, 0.005 parts per billion?
- </c><01:04:10.400><c> people's</c> know we know that this impacts people's know we know that this impacts
- and I'd like to know what the impacts and I'd like to know what the impacts<01:05:32.480><c> are</c>
- I very much would like to see that economic impact report.
Committee:
Senate Environment, Climate, and Legacy
CA
California 2025-2026 Regular Session
Senate Environmental Quality Committee Mar 18th, 2026
Environmental Quality
Transcript Highlights:
- Other impacts on the cost of living, as was stated, are inflation, supply chain issues, and housing affordability
- We can't affect inflation. We can't impact the supply chain challenges.
- We can't affect inflation. We can't impact the supply chain challenges.
- We can’t impact inflation, we can’t impact supply chain issues.
- and state impacts.
Committee:
Senate Environmental Quality
MN
Transcript Highlights:
- study found that the overall economic impact of the university is $11.5 billion annually across the
- The cumulative impact of sustained underinvestment has resulted in a 10-year renewal need of $6 billion
- animals, how those animal proteins impact people, and how people impact the environment.
- Obviously, there's inflation. And other items going on.
- Buildings continues to go down in actual and inflation-adjusted dollars.
Bills:
HF3220
Committee:
House Capital Investment
NM
New Mexico 2025 Regular Session
House - Chamber Meeting Oct 1st, 2025
Transcript Highlights:
- So we, in House Bill 1, focus on addressing and reducing the impacts of these cuts.
- By acting today, we are reducing that impact substantially.
- It is impacting food banks and other organizations that help provide food aid. Of course, Mr.
- That's inflation. That's what happens when the cost of health care goes up.
- The cost of medical equipment is going up more so than the cost of inflation.
MN
Minnesota 2025-2026 Regular Session
Minnesota House Taxes Committee considers proposed 'wealth tax' 4/7/26
Transcript Highlights:
- </c><00:04:59.960><c> let</c> wages fail to keep up with inflation let wages fail to keep up with inflation
- </c><00:20:11.000><c> of</c> are also impacted by the expiration of are also impacted by the expiration
- </c><00:22:28.520><c> on</c> very real and very negative impact on very real and very negative impact
- </c><00:35:09.880><c> that</c> We are concerned about the impact that We are concerned about the impact
- </c> an invaluable impact on our communities. an invaluable impact on our communities.
Summary:
The committee heard presentations on two tax bills: House File 4123, by Representative Agbaje, would expand Minnesota’s net investment income tax to include certain business income, especially income from S corporations and LLCs not subject to federal self-employment taxes, while keeping the current rate and million-dollar threshold; she said it would raise an estimated $88.7 million next year. House File 4616, by Chair Gomez, would impose a 1% annual tax on fortunes above $10 million. Gomez framed the bill as a response to growing wealth inequality and argued that wealthy households and large fortunes should contribute more to public services, while Agbaje said her bill would broaden the tax base and help meet state needs.
Public testimony was sharply divided. Supporters, including Nan Madden of the Minnesota Budget Project, Erica Mominee of the Minnesota Association of Professional Employees, Lauren Richards, and teacher Kristen Sinicariello, said the bills would help address wealth and income inequality and provide needed revenue for public health, education, and other public services. They pointed to federal tax cuts for high-income households, cuts to Medicaid and SNAP, and strains on state agencies and schools. Richards said small businesses already pay more than large corporations like Amazon, and Sinicariello argued that higher revenue would support classrooms and help equalize opportunity.
Opponents, including Brian Cook of the Minnesota Chamber of Commerce, Dalton Danielson of the Minnesota Business Partnership, and John Beschi of NFIB Minnesota, warned that both bills would hurt business competitiveness and investment. They argued that HF 4123 would effectively create a new higher tax tier for pass-through businesses and that HF 4616 would be difficult to administer, could force sales of illiquid assets, and could discourage entrepreneurship and capital investment. No votes or final committee action were taken in the portion of the meeting provided; the committee moved through bill presentations and public testimony before member discussion.
MN
Minnesota 2025-2026 Regular Session
House Transportation Finance and Policy Committee 3/3/25
Transportation Finance and Policy
Transcript Highlights:
- </c> about the bill and its potential impact about the bill and its potential impact to<00:55:59.839>
- One place that is impacted impacts everyone, and when we reconnect Rondo, that will have such a huge
- One place that is impacted impacts everyone, and when we reconnect Rondo, that will have such a huge
- One place that is impacted impacts everyone, and when we reconnect Rondo, that will have such a huge
- One place that is impacted impacts everyone, and when we reconnect Rondo, that will have such a huge
Committee:
House Transportation Finance and Policy
VT
Vermont 2025-2026 Regular Session
Senate Session - 2026-05-29 - 10:00AM
Vermont Senate Floor Meeting
Transcript Highlights:
- Data protection and impact assessments. That is on page 4739.
- Must conduct an impact assessment for the profiling.
- We ask to understand the demographic impacts of what we do.
- Inflation and property taxes have gone...
- No other district or county is so deeply impacted, which is a big...
MO
Missouri 2026 Regular Session
2026 Legislative Session - Day Twenty Three - Wednesday, February 18 -Morning Session-
Missouri House Floor Meeting
Transcript Highlights:
- They are a young CASA program, founded in 2019, but have had a big impact on foster care children in
- that our taxpayers voted to have in their communities, by not allowing growth in our communities to impact
- But that impact is still not going to be of significance on these political subdivisions.
- But that impact is still not going to be of a significance on these political subdivisions.
- due diligence as a body to make sure that we are reviewing something that has such a significant impact
Summary:
The House convened with prayer and the Pledge of Allegiance, approved the prior day’s journal by a 134-0 roll call vote, and then moved through a series of introductions recognizing guests and student groups at the Capitol, including Turning Point USA chapters, CASA volunteers and staff, JAG students, university groups, nursing students, and several legislative interns. The chamber also handled a point of order about an unauthorized prop in the room, which was removed.
The first major bill taken up was House Bill 1766, dealing with personal property tax treatment and new construction calculations. Supporters argued it would treat personal property more like real estate under Hancock-style limits and provide fairness to taxpayers, while opponents warned it could reduce revenue for taxing districts. After debate, the House passed HB 1766 by a vote of 94-50. The House then considered House Committee Substitute for House Bill 2989, a major gaming measure that would criminalize illegal gaming machines, create a regulated framework for video lottery terminals, give local governments an opt-out, and expand enforcement authority for the Attorney General and prosecutors. Members debated whether the bill was a needed enforcement tool or an inappropriate expansion of gambling, with concerns raised about addiction, local control, revenue distribution, and whether the bill should have gone to Fiscal Review. A motion to refer the bill to Fiscal Review failed 69-44, and the bill itself passed 83-66 with one present.
The chamber next took up House Committee Substitute for House Bill 2014, the supplemental appropriations bill. The sponsor said it provided just over $3 billion in additional authority, including tax refund authority, disaster relief, St. Louis tornado recovery funding, and major MoDOT funding, along with other smaller items. Members from both parties supported the bill, while also noting concerns about reliance on supplementals and the need to budget more accurately in the future. The House adopted an amendment reducing some general revenue authority, then adopted the bill and perfected and printed it. The meeting ended with announcements, including a notice that the Super Committee on Tourism would meet immediately in Hearing Room 6.
AZ
Transcript Highlights:
- This probably impacts about 2% of returns, maybe 4%.
- And right, you have to adjust for inflation. Right.
- Inflation is part of it. Population growth is another.
- What are we cutting here that's going to impact people?
- There will be a fiscal impact associated with the tax conformity.
Keywords:
individual income tax, subtraction, Arizona Revised Statutes, retirement benefits, adoption costs, charitable contributions, health insurance, premium payment, Arizona State Retirement System, contingent annuitant, long-term disability, benefits limitations, disability compensation, social security, retirement system, elected officials, ASRS, eligibility waiver, age 65, taxation
CA
California 2025-2026 Regular Session
Assembly Revenue and Taxation Committee Apr 21st, 2025
Transcript Highlights:
- Many of us were directly impacted or know someone who was impacted by the L.A. fires in January.
- As climate impacts accelerate historically As climate impacts accelerate, historically vulnerable communities
- If you were not directly impacted, you were indirectly impacted in most cases, and that too impacts the
- And its impact on our state's competitiveness.
- Inflation and insurance rates.
Summary:
The Assembly Committee on Revenue and Taxation met under suspense-file procedures, with the chair explaining limits on testimony, position letters, and that bills with fiscal impacts of $150,000 or more would generally be sent to suspense rather than voted on immediately. Several bills were pulled from hearing, and a consent calendar of committee bills later passed 4-0. AB 761 by Addis, the only item initially slated for a vote, was ultimately held over to the next hearing.
The committee heard testimony on a series of tax-related proposals. AB 232 would create catastrophe savings accounts for homeowners to save pre-tax money for wildfire, flood, or earthquake-related expenses; it drew support from the Department of Insurance and the California Bankers Association, but was sent to suspense. AB 1443 would exempt tips from state income tax for five years and was supported by the California Restaurant Association and a restaurant owner, but also went to suspense. AB 1435 would provide relief to businesses and property owners facing cleanup and security costs from unauthorized encampments and illegal dumping; it received broad support from business, real estate, trucking, retail, and local government representatives, and was referred to suspense.
The committee also heard AB 1428, which would create a California Affordable Child Care Fund financed by a 0.5% tax on income above $10 million; child care workers and SEIU-backed witnesses supported it, while taxpayer and business groups opposed it as harmful to competitiveness and affordability. AB 691 proposed a tax credit for adopting shelter pets and covering veterinary costs, AB 1219 proposed a middle- and low-income personal income tax cut, AB 1354 proposed a credit for increased homeowners insurance premiums, AB 19 proposed an education savings account/voucher-style program, and AB 567 proposed insurance rate stabilization and related tax/fund changes; each drew testimony for and against where present, but all were referred to suspense. The meeting ended with the committee adjourning after the held-over AB 761 item was postponed.
CA
California 2025-2026 Regular Session
Assembly Revenue and Taxation Committee Apr 21st, 2025
Revenue and Taxation
Transcript Highlights:
- Many of us were directly impacted or know someone who was impacted by the L.A. fires in January.
- As climate impacts accelerate, historically... ...policies.
- If you were not directly impacted, you were indirectly impacted in most cases, and that too impacts the
- But I think in this... ...and its impact on our state's competitiveness.
- But more importantly, because of... ...inflation and insurance rates.
Committee:
House Revenue and Taxation
Summary:
The Assembly Revenue and Taxation Committee met with several bills, first reviewing housekeeping rules, announcing that AB 317 and AB 480 had been pulled, and noting that most other measures would go to suspense. The committee established a quorum and then heard AB 232, which would create catastrophe savings accounts for homeowners to save pre-tax dollars for wildfire, flood, or earthquake preparedness and recovery costs. Support came from the Department of Insurance and the California Bankers Association, with no opposition testimony, but the bill was referred to suspense.
The committee then approved a consent calendar of four bills by a 4-0 vote. It next heard AB 1443 to exclude tips from state income tax for five years; AB 1435 to help small businesses and property owners recover cleanup costs from unauthorized encampments and illegal dumping; AB 1428 to create a child care fund financed by a new tax on income above $10 million; AB 691 to provide a tax credit for adopting shelter pets and paying related veterinary costs; AB 1219 to cut personal income taxes for middle- and low-income taxpayers; AB 1354 to offer a tax credit for increased residential insurance premiums; AB 19 to establish education savings accounts for school choice; and AB 567 to provide insurance rate stabilization and suspend certain insurance taxes when premiums rise sharply. Each of these bills drew testimony from authors and supporters, with some opposition on the tax and insurance measures, and each was referred to the suspense file.
Throughout the hearing, committee members generally acknowledged the policy goals of the bills while noting fiscal concerns and the need for further discussion. AB 761, the only item slated for an immediate vote, was ultimately pulled by the author and held over to the next hearing. The committee then adjourned.
WA
Transcript Highlights:
- The bill has no revenue impact to the state and has an expenditure impact of $4,040 for implementation
- There is no impact to state revenue.
- impact.
- Turning to the fiscal impact of the bill, the bill has an indeterminate revenue impact.
- And then the four-year expenditure impact is $603,000. So for a net impact of about $43,000.
Committee:
Senate Ways & Means
Keywords:
collective bargaining, retirement benefits, employee rights, public sector, supplemental benefits, public employers, employee information, bargaining representatives, labor relations, union representation, electric transmission, energy policies, infrastructure, regulatory framework, transmission systems, aviation, wildland fires, funding, disaster relief, emergency response
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 02/24/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- So when we have an closer to inflation.
- </c> um as uh as it relates to the impact um as uh as it relates to the impact market<00:53:34.480><c
- :48.079><c> has</c><01:04:48.319><c> been</c> all know that inflation has been all know that inflation
- Um so of the inflation hit the most.
- </c> amortization has most impacted our plan. amortization has most impacted our plan.
ID
Idaho 2026 Regular Session
Jan 22nd, 2026
Transcript Highlights:
- “And then can you explain what is contract inflation?” “Go ahead, Ms. Williamson.” “Thank you, Mr.
- Contract inflation.
- So anything that you see in that contract inflation category in the budget book is typically really..
- Higher than the 77% of enhanced and 94.8% for basic, and have exceeded inflation, exceeded inflation.
- the expansion population but some of them also impact others in the Medicaid program.
Summary:
The committee heard a budget presentation on the Division of Medicaid within the Department of Health and Welfare, including an overview of the division’s five programs, staffing, spending trends, and the large share of the budget that goes to trust and benefit payments. Ms. Williamson explained the difference between ongoing and one-time enhancements, the role of population forecast adjustments, and why the fiscal year 2026 and 2027 numbers change significantly. Members asked about the growth in the budget, the FMAP match rate, the impact of provider rate changes, and the shift of some positions into Medicaid from other divisions after last year’s reorganization.
A major topic was House Bill 345 and related budget changes, including the hospital assessment fund alignment, the 4% provider rate reduction, and the effect on Medicaid expansion and other populations. The committee discussed the decline in expansion enrollment, rising costs in traditional Medicaid populations, and the governor’s recommendation to offset part of the 2027 increase with additional reductions. Members raised concerns about access to care, especially for dental, behavioral health, developmental disability, and home- and community-based services, while the deputy director said the department is trying to contain costs through prior authorization, fraud and abuse work, and policy changes.
The committee also focused on the MMIS replacement project, which is in year four of a five-year procurement and is funded through dedicated and federal dollars tied to milestones. Another significant item was estate recovery, where the department requested funding to replace an outdated case management system and add contractor support to address a backlog of roughly 20,000 cases; members questioned the return on investment and asked for more detail on the software and staffing split. The deputy director also explained the federally qualified health center reconciliation issue, saying the state had not been properly paying change-in-scope amounts and is now using a new process with interim payments and later reconciliation.
In addition, lawmakers asked about program integrity staffing, the use of AI, and whether the department could better target fraud, waste, and abuse investigations. The deputy director said the department is reviewing AI use cautiously and sees opportunities for it in claims review and anomaly detection, but emphasized that the current request is for dedicated receipt authority rather than general funds. No formal votes were taken in the excerpt, but the committee received the presentation, asked extensive questions, and was told that some follow-up information would be provided later.
NM
New Mexico 2025 Regular Session
IC - Legislative Health and Human Services Aug 19th, 2025
Legislative Health & Human Services Committee
Transcript Highlights:
- And finally, what impact do the current billing, coding, and claims system have on patient care?
- reimbursement adversely impacts facilities' ability to stay afloat.
- Consequently, impacting the quality of care that patients can receive.
- Adjusting only for inflation, the cost is estimated at $3.1 billion.
- Adjusting for inflation, that's $3.1 billion in 2023, or $3.93 per standard drink.
NH
New Hampshire 2026 Regular Session
Senate Election Law and Municipal Affairs (03/31/2026)
Election Law and Municipal Affairs
Transcript Highlights:
- </c> impact accurate recount efforts. impact accurate recount efforts.
- Uh there's no impact voter confidence.
- So if my annual statistic for inflation.
- </c><00:56:34.319><c> Not</c> artificially inflate it. Not artificially inflate it.
- it with artificially but inflate it with it with inflation<00:56:37.680><c> statistics</c><00:56:38.319
Committee:
Senate Election Law and Municipal Affairs
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Wednesday, March 18, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- The worst inflation in 40 years.
- The worst inflation in 40 years.
- The worst inflation in 40 years.
- The worst inflation in 40 years.
- </c> over in January, inflation was at 1.4%. over in January, inflation was at 1.4%.
CA
California 2025-2026 Regular Session
Assembly Select Committee on Native American Affairs Mar 13th, 2026
Transcript Highlights:
- We respond off to Ramona, Lakeside—that's going to impact us.
- The impacts are not abstract.
- With regard to inflation, I think this is really important because people wildly underestimate the impact
- of inflation on insurance policies.
- And so when you look at the impacts, that not only impacted the insurance industry, but really impacted
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Jan 16th, 2026 at 09:09 am
House Appropriations & Finance
Transcript Highlights:
- So moving On to the economic impact, we have numbers for 2024.
- Part of it could be inflation, absolutely.
- So people will adjust their spending to account for inflation.
- And what would be the economic impact if they have it?
- So it is not going to have negative impacts on rates.
Committee:
House House Appropriations & Finance