President Biden Visits Nevada As Silver State Inflation Skyrockets to Over 20 Percent

Today, President Joe Biden returned to Nevada to speak to his Administration’s efforts related to the ongoing “affordable housing crisis” as Nevadan’s continue to struggle with rising housing costs. low housing inventory, and inflation. According to the National Low Income Housing Coalition, “of the 50 largest metropolitan areas, extremely low-income renters face the most severe shortages in Las Vegas.”

I'm headed to Las Vegas today to lay out my agenda to bring down the cost of housing and address the shortage of affordable homes in America.

— President Biden (@POTUS) March 19, 2024

Preceding the President’s arrival, Governor Joe Lombardo sent a letter (see below) to President Biden urging his administration to take immediate action on the affordable housing crisis in Nevada by releasing more federal land for development.

“The federal government continues to arbitrarily restrict statewide growth, inhibiting our communities from realizing their vision for the future,” said Governor Joe Lombardo. “I urge you to cut the bureaucratic red tape that prevents Nevada communities from achieving their housing and economic development goals.”

Governor Lombardo further criticized the administration’s inaction, noting, “Additionally, your administration recently created a 500,000-acre national monument in Southern Nevada. If your administration met Nevada’s housing crisis with the same level of resolve, our communities would have room to grow and would be more equipped to meet pressing housing needs.”

“Nevada can no longer afford the federal government’s broken and backlogged bureaucracy,” concluded Governor Lombardo. “We need the federal government to be a partner in addressing the housing crisis and act immediately to reduce the barriers and bureaucracy that stand between Nevada families and affordable homes. I hope you will join me to work on these important issues.”

Also coinciding with President Biden’s return to the Silver State, the Joint Economic Committee (JEC) released their monthly State Inflation Tracker that shows Nevadans are spending an extra $13,334 a year just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data.

Back in November, 2023, The Globe reported that Nevadans are spending over $13,296 per household due to “Bidenomics.” In May 2022, The Globe reported that Nevadan households were hit the hardest by inflation. At that time, Nevadans were paying an additional $8,231 annually for basic household expenses.

Cumulatively, Nevadans have been taxed an additional $26,614 due to inflation under the Biden Administration, according to the JEC’s estimates.

During his visit to Reno, NV, President Biden promised supporters, including Reno City Councilman Devon Reese, that he will revive the pandemic-era Child Tax Credit to “cut child poverty in half.”