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<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><img width="624" height="147" style="width:6.5in;height:1.5312in" id="_x0000_i1025" src="cid:image001.png@01D83477.C52EA270" alt="Graphical user interface, text
Description automatically generated"></span><span style="font-family:"Segoe UI",sans-serif"><o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"> <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">FOR IMMEDIATE RELEASE<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">March 10, 2022<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing" align="center" style="text-align:center"><b><u><span style="font-size:24.0pt;font-family:"Segoe UI",sans-serif">Gov. Little: Tax relief on the way as inflation hits new historic high<o:p></o:p></span></u></b></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">Boise, Idaho – Governor Brad Little commented today on the news that Bidenflation just hit another 40-year record high.<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">The Bureau of Labor Statistics today released new inflation data showing a nearly 8-percent increase from this time last year. The bump marks another
</span><a href="https://www.barrons.com/articles/februarys-inflation-report-is-here-expect-a-new-40-year-high-as-gas-prices-leapt-51646874159"><span style="font-family:"Segoe UI",sans-serif">40-year record high increase</span></a><span style="font-family:"Segoe UI",sans-serif">
in annual inflation.<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">The price index jumps mean consumers are paying more across every sector of the economy, with the most painful increases in the following areas:
<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNoSpacing" style="mso-list:l0 level1 lfo1"><b><span style="font-family:"Segoe UI",sans-serif">Gasoline index</span></b><span style="font-family:"Segoe UI",sans-serif"> is up a whopping
<b>38.8-percent</b> since last year<o:p></o:p></span></li><li class="MsoNoSpacing" style="mso-list:l0 level1 lfo1"><b><span style="font-family:"Segoe UI",sans-serif">Food index</span></b><span style="font-family:"Segoe UI",sans-serif"> is up nearly
<b>8-percent </b>since last year<o:p></o:p></span></li><li class="MsoNoSpacing" style="mso-list:l0 level1 lfo1"><b><span style="font-family:"Segoe UI",sans-serif">Energy index</span></b><span style="font-family:"Segoe UI",sans-serif"> is up
<b>25.6-percent</b> since last year<o:p></o:p></span></li><li class="MsoNoSpacing" style="mso-list:l0 level1 lfo1"><b><span style="font-family:"Segoe UI",sans-serif">Used cars and trucks</span></b><span style="font-family:"Segoe UI",sans-serif"> are up
<b>41.2-percent</b> since last year<o:p></o:p></span></li><li class="MsoNoSpacing" style="mso-list:l0 level1 lfo1"><b><span style="font-family:"Segoe UI",sans-serif">Utility gas</span></b><span style="font-family:"Segoe UI",sans-serif"> is up nearly
<b>24-percent</b> since last year<o:p></o:p></span></li></ul>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">In his January 10 State of the State and Budget Address, Governor Little said given the soaring inflation we need to deploy immediate tax relief for Idahoans, and the Legislature quickly
passed </span><a href="https://gov.idaho.gov/pressrelease/gov-little-signs-his-leading-idaho-income-tax-relief-bill/"><span style="font-family:"Segoe UI",sans-serif">Governor Little’s “Leading Idaho” plan for historic income tax relief</span></a><span style="font-family:"Segoe UI",sans-serif">.<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><b><span style="font-family:"Segoe UI",sans-serif">Governor Little’s comment on the country’s worsening inflation follows:<o:p></o:p></span></b></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing" style="margin-left:.5in"><i><span style="font-family:"Segoe UI",sans-serif">“The Biden Administration’s failed economic policies, failed foreign relations policies, and failure to control national spending have all contributed to the
soaring costs of all things Idahoans need to simply live their lives. <o:p></o:p></span></i></p>
<p class="MsoNoSpacing" style="margin-left:.5in"><i><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></i></p>
<p class="MsoNoSpacing" style="margin-left:.5in"><i><span style="font-family:"Segoe UI",sans-serif">“Thankfully, at the state level we are sending immediate tax relief to help counter soaring Bidenflation. Idahoans can expect a 12-percent income tax cut as
soon as this month, and we also secured long-term income tax relief this year so Idahoans can keep more of what they earn in future years.
<o:p></o:p></span></i></p>
<p class="MsoNoSpacing" style="margin-left:.5in"><i><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></i></p>
<p class="MsoNoSpacing" style="margin-left:.5in"><i><span style="font-family:"Segoe UI",sans-serif">“My ‘Leading Idaho’ plan provides this historic tax relief and strategic investments in schools, roads, water, and other areas that impact daily lives. Idaho
is once again leading the country in responsible, accountable government that works for the people.”<o:p></o:p></span></i></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="paragraph" align="center" style="text-align:center;background:white"><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:black"># # #</span></span><span class="eop"><span style="font-family:"Segoe UI",sans-serif;color:black"> </span></span><span style="font-family:"Segoe UI",sans-serif"><o:p></o:p></span></p>
<p class="paragraph" style="background:white"><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:black"> </span></span><span class="eop"><span style="font-family:"Segoe UI",sans-serif;color:black"> </span></span><span style="font-family:"Segoe UI",sans-serif"><o:p></o:p></span></p>
<p class="paragraph" style="background:white"><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:black">NEWS MEDIA CONTACT: Marissa Morrison
</span></span><span style="font-family:"Segoe UI",sans-serif;color:black">Hyer<span class="normaltextrun">, Press Secretary</span><span class="eop"> </span></span><span style="font-family:"Segoe UI",sans-serif"><o:p></o:p></span></p>
<p class="paragraph" style="background:white"><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:black">208-943-1686 or </span></span><span style="color:black"><a href="mailto:marissa.morrison@gov.idaho.gov"><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:#0563C1;text-decoration:none">marissa.morrison@gov.idaho.gov</span></span></a></span><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:black"> </span></span><span class="eop"><span style="font-family:"Segoe UI",sans-serif;color:black"> </span></span><span style="font-family:"Segoe UI",sans-serif"><o:p></o:p></span></p>
<p class="paragraph" style="background:white"><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:black">--</span></span><span class="eop"><span style="font-family:"Segoe UI",sans-serif;color:black"> </span></span><span style="font-family:"Segoe UI",sans-serif"><o:p></o:p></span></p>
<p class="paragraph" style="background:white"><span style="color:black"><a href="https://visitor.r20.constantcontact.com/manage/optin?v=001jPcDrZTUF2iffZAaFR5CaCO9D9OTNmcIrS9m2JnRBQLxSmCCDvAfzkhQC6WRNcW4O6931CUyPvAzTSP21AiJ4rioUvabaHbWJxzuwF2hEYM%3D#_blank" target="_BLANK䩑+䩞+䩡桰"><span class="normaltextrun"><i><span style="font-family:"Segoe UI",sans-serif;color:#0563C1;text-decoration:none">Sign
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<p class="paragraph" style="background:white"><span class="normaltextrun"><i><span style="font-family:"Segoe UI",sans-serif;color:black">Reply to this e-mail to unsubscribe</span></i></span><o:p></o:p></p>
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