Video & Transcript Research : 'Inflation'
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CA
California 2025-2026 Regular Session
Assembly Judiciary Committee May 6th, 2025
Transcript Highlights:
- providing a discount, in which case it's sort of a false claim of discount because you're still inflating
- But I do have a concern with the language being drafted in a way that doesn't artificially inflate to
- providing a discount, in which case it's sort of a false claim of discount because you're still, you're inflating
- But I do have a concern with the language being drafted in a way that doesn't artificially inflate to
- So there could be a question as to whether prices are already inflated somewhat to try to get you to
Summary:
The committee heard testimony on several bills. AB 416 would allow emergency room physicians to initiate 5150 mental health holds, with supporters saying it would reduce emergency room bottlenecks and speed care for patients in crisis. County and behavioral health representatives opposed the bill, and some members raised broader concerns about the 5150 system and juvenile placements. The bill was ultimately approved on a do-pass as amended vote.
AB 446, the Surveillance Pricing Act, drew extensive testimony. The author and supporters argued it would prohibit businesses from using personal data to charge different prices for the same product or service, describing the practice as discriminatory and exploitative. Business and industry groups opposed the bill, warning that its language was too broad, could affect discounts and loyalty programs, and would create litigation risk through a private right of action. After discussion about enforcement and possible amendments, the bill passed on a do-pass motion.
AB 632 would give local governments a faster way to collect penalties for serious code violations, including unsafe housing, fire hazards, and illegal cannabis activity, by allowing certain fines to become money judgments and clarifying lien authority. It had support from county and city groups and no opposition was voiced in the hearing; the bill passed as amended. ACA 7, a constitutional amendment intended to clarify and limit misuse of Section 31A, also moved forward after brief support testimony. The committee then took up AB 649, which would extend protections for businesses that proactively obtain certified access specialist inspections and fix accessibility violations; the author, a small business owner, and others testified in support, while disability rights groups moved to neutral after amendments. Members discussed the balance between access enforcement and reducing predatory litigation, and the bill was still under consideration as the transcript ended.
TX
Texas 89th 2nd C.S.
Appropriations - S/C on Articles VI, VII, & VIII Feb 25th, 2025
Appropriations - S/C on Articles VI, VII, & VIII
Transcript Highlights:
- maintain our board staff and we're asking for an increase that will offset the cost of living and inflation
- had an increase in 8 years, and they are. dipping into their reserve funds currently because of inflation
- The first is for inflation-adjusted operational costs.
- Additionally, we want to mitigate the impact of inflation on our employees and ensure our compensation
- When people come in with these requests like this of, of Texans who are suffering from inflation and
NH
Transcript Highlights:
- budget not only didn't have an inflation budget not only didn't have an inflation adjustment<00:
- adjustment which inflation from the adjustment which inflation from the previous<00:16:01.040>
- Still not inflation adjusted.
- Uh, so each year those taxes increase with inflation.
- Uh, so each year those taxes increase with inflation.
Summary:
The committee heard testimony on House Bill 1596, which would raise New Hampshire’s cigarette excise tax from $1.78 per pack to about $2.80, using an inflation-based adjustment since the rate was last set in 2008. Representative Jerry Stringham, the bill’s sponsor, said the measure would keep New Hampshire competitive with neighboring states, generate revenue, and help offset other budget pressures. He also described the bill as repealing an income-based premium charge in Medicaid/CHIP-related programs and restoring cuts to the University System of New Hampshire, arguing that the combined package would still leave the state in a positive fiscal position. He said the tobacco tax increase would likely have some cessation effect but would remain low relative to other New England states, and he cited prior testimony from health groups supporting a larger increase.
Members questioned the sponsor about how the new rate was calculated, the prior tobacco tax reduction and restoration, whether tobacco companies would absorb or pass on the tax, and the fiscal note’s estimates for Medicaid premium revenue and UNH funding. Stringham said he used Bureau of Labor Statistics inflation data, that the earlier 10-cent reduction did not produce the expected sales increase, and that the current bill would eliminate the premium charges now in the budget. He later clarified that the Department of Medicaid Services had updated the revenue estimate, but said the bill still showed a surplus overall. He also said the federal government already imposes a $1-per-pack tax and that New Hampshire would remain below neighboring states even after the increase.
Two public witnesses testified in opposition to the tax increase. Anna Bettincourt, a tobacco category manager, argued that higher tobacco taxes would unfairly target smokers, reduce New Hampshire’s tax advantage, and likely shift purchases to other states or illicit markets rather than reduce use. She said tobacco companies generally do not lower prices and that Massachusetts’ flavor restrictions had not eliminated sales. In response to questions, she maintained that a smaller increase would still be harmful and that enforcement problems make bans ineffective. The sponsor and some members countered that smokers impose higher health costs and that tobacco taxes are a policy tool for both revenue and public health. No vote or final committee action was taken in the portion of the meeting provided.
MN
Minnesota 2025 1st Special Session
House Floor Session 5/5/25 - Part 2
Minnesota House Floor Meeting
Transcript Highlights:
- The governor originally proposed a 2% cap on inflation in this area, and we did something similar but
- in this area and we did inflation in this area and we did something<00:39:32.400>
similar <00: - We increase substance use disorder rates by adding inflation to the rates for low and high intensity.
- We increase substance use disorder rates by adding inflation to the rates for low and high intensity.
- to the same price increases in inflation to the same price increases in inflation that<02:36:15.520
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Thursday, May 14, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- President said he was going to lower inflation on day one. Inflation soaring.
- President said he was going to lower inflation on day one. Inflation soaring.
- President said he was going to lower inflation on day one. Inflation soaring.
- President said he was going to lower inflation on day one. Inflation soaring.
- President said he was going to lower inflation on day one. Inflation soaring.
CA
California 2025-2026 Regular Session
Assembly Revenue and Taxation Committee Jun 15th, 2026
Revenue and Taxation
Transcript Highlights:
- As Medicare costs have risen by 10% and inflation has increased by 3.3% while Social Security benefits
- disproportionate share of their income on health care, housing, food, and expenses, and are prone to rapid inflation
Summary:
The Assembly Committee on Revenue and Taxation met as a subcommittee and heard several tax-related bills, with initial items identified as suspense candidates because of their fiscal impact. SB 881 would extend the farmer-to-food-bank tax credit and the Emergency Food for Families voluntary tax contribution; the author and supporters from food banks, agricultural groups, local governments, and climate organizations said it would reduce food waste, help farmers donate surplus produce, and address rising food insecurity. No opposition was presented, but the bill was ultimately referred to suspense. SB 1406 would target the so-called Montana tax loophole used to avoid California taxes on luxury vehicles and similar purchases; supporters said it would recover revenue and improve fairness, while a business group opposed it unless amended, warning the shell-company language could affect legitimate small businesses and passive owners. That bill was also sent to suspense.
SB 1349, which directs the Legislative Analyst’s Office to review major existing tax expenditures and evaluate whether they are meeting their goals, drew support from the California Teachers Association, tax reform advocates, school employees, local governments, and others who argued that California needs more accountability for billions in tax breaks. The committee later took a quorum and passed SB 1349 on a due pass as amended motion to the Assembly Committee on Appropriations. The committee also approved two consent items, SB 1436 and SB 1437, sending them forward on the agreed motions.
SB 1249 would provide a $3,000 tax deduction for seniors ages 86 to 90 through 2032, with the author and LeadingAge California describing it as targeted relief for older adults facing rising costs. The bill received supportive comments from a committee member but was referred to suspense. SB 1151 would codify the sales tax exemption for infant formula by expressly defining it as a food product; the author said this would remove uncertainty for families, and members cited the high cost of formula and the need for clarity. The committee passed SB 1151 on a motion to the Assembly Committee on Appropriations. After completing the remaining business, the committee adjourned.
NM
New Mexico 2026 Regular Session
House - Transportation and Public Works Jan 27th, 2026 at 09:07 am
Transcript Highlights:
- So I just want to, especially when you think about inflation and the cost of supplies and materials..
- . ...when you think about inflation and the cost of supplies and materials and construction and all of
Summary:
The committee met with quorum and took up only HB 3, the Department of Transportation Appropriation Act of 2026 for FY27. The bill was presented as an amended budget that would increase NMDOT’s operating budget by about $132.6 million, or 10.2%, using available cash balances, additional projected revenue, and contingent revenue tied to Senate Bill 2, the highway bond bill. Staff walked through the amendment section by section, explaining changes to project design and construction, highway operations, program support, modal programs, federal and interagency transfer lines, corrected performance-measure language, and added budget adjustment authority for the current and next fiscal years.
Several members raised concerns about the late circulation of a revised amendment and the appearance of multiple bill versions, arguing the committee had not had enough time to review the changes and that the process may have violated the 24-hour rule. Others asked for clarification on how the budget distinguished between rehabilitation and maintenance, and DOT staff explained that major rehabilitation is generally tied to STIP projects while maintenance is handled through district-level plans and contracts. Members also discussed the use of cash balances for non-recurring spending, the impact of electric vehicles on road revenue, and the need for more maintenance, litter cleanup, fencing, and beautification funding. DOT and executive representatives noted the amendment includes a significant maintenance increase and said additional non-recurring funding could also come through House Bill 2 and the capital bill.
The committee first rejected a substitute motion to delay action, then adopted the amendment and later voted due pass on HB 3 as amended. Public comment was opened, but no one spoke in support or opposition. After passage, members explained their votes, with some supporting the bill as a needed transportation investment and others objecting to the process and the compressed review timeline.
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Jul 15th, 2025
Select Committee on Pension Policy
Transcript Highlights:
- The SCPP will then have the opportunity to make a recommendation on assumed inflation, general salary
- economic assumptions, the SCPP will then have the opportunity to make a recommendation on assumed inflation
Summary:
The Select Committee on Pension Policy Executive Committee approved the June minutes and received a brief update from Assistant Attorney General Jesse Yoder, who had no litigation updates but offered to answer questions. Actuary Michael Harbour then previewed the September full committee meeting, which will include a report on the financial condition of the DRS-administered pension plans and the state actuary’s recommended economic assumptions. He also cautioned that any actuarial pricing done over the summer could change if assumptions are updated, and suggested taking votes on potential legislation later in the interim, possibly in November or December.
A discussion followed about the Left 1 benefit improvement and where the funding came from. Harbour said the benefit tied to SSB 5791 (2022) was paid from the Left 1 trust fund, while a separate Left 2 benefit improvement was in SHB 1701, and he agreed to double-check the issue with DRS after members raised conflicting information. Members then discussed the broader Left 1 study, including whether IRS approval is a key barrier and whether options are limited to merger or closure. Several members asked to hear from Ice Miller, which has been advising on the tax issues, and staff said the committee should receive a written response in the next couple of weeks and could have Ice Miller appear in October.
The committee reviewed and adjusted its interim work plan. September will include the actuarial presentations, a more detailed Left 1 study update, and a presentation on PERS and TERS Plan 1 COLAs, including a recap of the bill recommended this year and initial considerations for an ad hoc COLA. October is expected to include DRS administrative and performance updates, with November reserved for the State Investment Board update and a final Left 1 study update, and December may include an educational presentation on excess compensation. Members also requested a future briefing on the month-of-death benefit discussion. The September agenda was adopted, correspondence materials were noted, and the meeting adjourned.
AL
Alabama 2025 Regular Session
Alabama Senate Banking and Insurance Committee Mar 19th, 2025
Banking and Insurance
NH
Transcript Highlights:
- It's got to be something that is an increase above what inflation would call for.
- Then you've inflation would call for.
- <06:02:21.440>
has past decade 58% when inflation has past decade 58% when inflation has spending - spending per pupil when when inflation spending per pupil when when inflation has<06:02:24.400><
- um uh this would give them an inflation um uh this would give them an inflation adjustment<06:03
MN
Transcript Highlights:
- before we're talking about increases regarding wages, construction, other unfunded mandates, or inflation
- before we're talking about increases regarding wages, construction, other unfunded mandates, or inflation
- before we're talking about increases regarding wages, construction, other unfunded mandates, or inflation
- before we're talking about increases regarding wages, construction, other unfunded mandates, or inflation
- before we're talking about increases regarding wages, construction, other unfunded mandates, or inflation
MN
Minnesota 2025-2026 Regular Session
House Workforce, Labor, and Economic Development Finance and Policy Committee 3/26/25
Workforce, Labor, and Economic Development Finance and Policy
Transcript Highlights:
- <00:53:09.480>
reduction <00:53:10.119>act iig uh inflation reduction act iig uh inflation - 2026 and $251,000 in FY 2027, which is just an operating adjustment to kind of meet the needs as inflation
- 2026 and $251,000 in FY 2027, which is just an operating adjustment to kind of meet the needs as inflation
- Etc<01:00:46.920>
so <01:00:47.400>okay <01:00:47.880>thank the needs as inflation - Etc so okay thank the needs as inflation Etc so okay thank you<01:00:48.160>
so <01:00:48.359>
MN
Minnesota 2025 1st Special Session
House Commerce Finance and Policy Committee 3/12/25
Commerce Finance and Policy
Transcript Highlights:
- Roofing contractors are greatly inflating the cost of roof repairs.
- Insurers have to pay those inflated costs, and those are passed along to policyholders in the form of
- Roofing contractors are greatly inflating the cost of roof repairs.
- Insurers have to pay those inflated costs, and those are passed along to policyholders in the form of
- costs and and those are passed inflated costs and and those are passed along<01:13:50.199>
to
Keywords:
mortgage, qualified mortgage, QM, points and fees, conventional loan, consumer lending, home loan, residential real estate, lender fees, service charge, finance charge, closing costs, Minnesota Statutes 47.20, housing finance, borrower protections, cooperative apartment loan, contract for deed, real estate lending, foreclosure, notice requirements
NH
New Hampshire 2025 Regular Session
Senate Energy and Natural Resources (03/04/2025)
Energy and Natural Resources
Transcript Highlights:
- I would have preferred to see it go up because inflation has exerted upward pressure on rates over the
- <01:21:55.480>
has <01:21:55.679>exerted go up because inflation has exerted go up - because inflation has exerted upward<01:21:56.560>
pressure <01:21:56.920>on <01:21:57.159 - Inflation would be a factor, the need to get various permits over and over again, and the burden of that
- Inflation would be a factor, the need to get various permits over and over again, and the burden of that
MN
Transcript Highlights:
- For example, transportation inflation: we run 8,000 bus stops a day. We run 35,000 miles a day.
- and invest in special inflation and invest in special education<01:42:38.719>
and <01:42:39.000 - The state aid has fallen behind inflation by $1,356 per pupil over the last 20 years.
- Vendor contracts are also facing state labor mandates and inflation costs, and they pass those rising
- Vendor contracts are also facing state labor mandates and inflation costs, and they pass those rising
NH
New Hampshire 2026 Regular Session
House Municipal and County Government (01/23/2026)
Municipal and County Government
Transcript Highlights:
- The cost of the renovation has gone up despite, you know, figuring in inflation.
- . inflation. inflation.
- and therefore um you end up inflation and therefore um you end up with<02:00:14.800>
more <02: - <02:58:11.600>
to <02:58:11.920>retain adjusting with inflation to retain adjusting - with inflation to retain employees.<02:58:13.920>
Um <02:58:14.319>the <02:58:14.560>
NH
New Hampshire 2025 Regular Session
House Finance Division I (03/07/2025)
Transcript Highlights:
- In fairness, the cost to the agency over time is more than just inflation.
- <03:12:26.200>
I <03:12:26.279>mean time is more than just inflation I mean time is - something more than just an inflation something more than just an inflation rate rate rate is is
- would certainly support the inflation would certainly support the inflation rate<03:12:41.800>
- 70%, so we were looking at a way to rightsize the fees to basically catch up with the inflation from
Summary:
The committee heard a presentation from the Department of Environmental Services on proposed changes in House Bill 2 and related technical changes in House Bill 1 tied to the governor’s permitting realignment initiative. The proposal would move environmental review staff from Fish and Game and DNCR to DES to create a more centralized “one-stop shop” for applicants needing DES permits, especially for wildlife and natural heritage reviews. DES said the goal is to speed permitting, support a 60-day review clock, and improve coordination among agencies while keeping the substantive review work in place.
Members asked about staffing impacts, the scope of the transferred duties, and whether the change would create redundancy or weaken the other agencies. DES said most of the affected staff work primarily on these reviews, though Fish and Game staff also handle other state and federal reviews, which is why the proposal was adjusted to keep one of the four Fish and Game positions there and move three to DES, along with two positions from DNCR. DES also described a new supervisory position in HB 2 to manage the transferred staff within its land resources bureau. Officials said the reviews would still be done by specialists, but under DES supervision, and that the agencies would continue to coordinate recommendations on species impacts and mitigation.
The committee also discussed fee increases intended to offset costs, including a 50% increase in wetlands fees and a 100% increase in alteration-of-terrain fees, with the department saying the changes would cover the new positions. Members raised concerns about impacts on private homeowners, possible incentives to work without permits, and whether fines should be used more as a revenue source or for mitigation. DES said wetlands permits are roughly split between homeowner-related and commercial projects, that permit-by-notification already creates a two-tier structure for smaller projects, and that enforcement relies partly on public complaints and online permitting systems. The department also said most fines currently go to the general fund and vary widely year to year, with about $75,000 budgeted, and that the proposal would also create permit-by-notification authority for alteration-of-terrain projects between 100,000 and 150,000 square feet, mirroring language in Senate Bill 110. No vote or final committee action was taken in the portion provided.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Thursday, January 9, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- c><00:13:20.199>
crushing borders destroyed jobs crushing borders destroyed jobs crushing inflation - Speaker, inflation, campus anti-Semitism, woke mentality, and the failure to lead globally.
- You already have a crisis right now: baby boomers, inflation pushing them out of their housing.
- that's the morality of this inflation that's the morality of this place<05:09:01.200>
because - off a bit from inflation it's trimmed off a bit from their<05:09:19.080>
numbers <05:09:20.080
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 056 Mar 11th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- tax credit structures including inflated tax credit structures including inflated development<01
- Inflate<01:09:06.680>
the <01:09:06.920>The <01:09:07.359>economists <01:09:07.920 - >
and <01:09:08.000>policy Inflate the The economists and policy Inflate the The economists - :10.200>
programs <01:09:10.720>can <01:09:10.880>sometimes <01:09:11.440>inflate - that not the intent of the bill, cuz I wouldn't want to get into any motivations there, tends to inflate
Summary:
The House convened with a quorum, approved the journal from March 9, 2026, and made several announcements about committee meetings and visiting student groups. Members also moved out of order to consider Senate Joint Resolution 11, which designates a portion of U.S. Highway 34 in memory of Sergeant John Jack Thurman. Supportive remarks highlighted Thurman’s Marine Corps service at Iwo Jima and his later work in Colorado. The resolution passed unanimously, 61-0, with four excused.
The chamber then took up third-reading bills. House Bill 1213, continuing the Biomass Utilization Grant Program, and House Bill 1185, continuing the Cold Case Task Force and updating its sunset review, both passed 61-0. Senate Bill 7, allowing terminally ill patients to use medical marijuana in health facilities, drew supportive remarks about patient choice and district support and passed 49-12 with four excused.
House Bill 1137, concerning requirements for campaign consultants, prompted extended debate. Supporters argued it would address conflicts of interest and protect candidates from unethical consulting practices, while opponents said the issue should be handled by contract rather than law and warned against further regulation. The bill failed on third reading, 26-35, with four excused. The House then moved to Senate Bill 1 on housing policy; the transcript cuts off during debate, with concerns raised about housing shortages, vacancies, and the risk of a housing bubble.
NH
New Hampshire 2025 Regular Session
Committee to Study Reducing the Number of School Administrative Units in the State (10/06/25)
Transcript Highlights:
- And inflation is up 35%. And personally I think that that part of the chart looks pretty normal.
- And inflation is up 35%. And inflation is up 35%.
- Um, so inflation, when you look at a chart like this, inflation includes, um, uh, the costs of everything
- And so the reason that education costs in these charts is up 58% when inflation is up 35% is because
- in these charts is up 58% when inflation in these charts is up 58% when inflation is<01:42:34.080
Summary:
The committee met to hear from the New Hampshire Association of School Principals as part of its review of a proposal involving statewide administrative consolidation and changes to school governance. Members first discussed how school board witnesses would be selected, with the chair saying the committee would seek a mix of district sizes and structures and would also accept emailed input. The principals’ association said it represents more than 550 principals and assistant principals and urged caution about any mandatory consolidation, arguing that successful consolidations are gradual and voluntary.
Association leaders and principals testified that principals already handle a wide range of responsibilities, including instructional leadership, student discipline, safety, staff supervision and evaluation, family and community engagement, and day-to-day crisis response. They argued that shifting more legal, budgetary, and administrative duties onto principals would reduce time for coaching teachers and supporting students, increase burnout and turnover, and create legal and training risks, especially in areas such as special education, privacy, and labor issues. They also said the roles of superintendents, principals, and school board members are distinct and require different training and expertise.
Members asked detailed questions about how responsibilities are divided between principals and SAUs, whether principals recruit and evaluate staff, and how much time principals work. One principal said she works about 60 to 70 hours a week and that additional duties would be difficult to absorb. Another principal described his school’s structure, the importance of community building, and the need to preserve district-wide alignment if consolidation moves forward. No votes were taken during this portion of the meeting.