Rep. Budd’s proposal increases pay for military to match Biden’s inflation

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Rep. Ted Budd (R-NC) has proposed an amendment to the National Defense Authorization Act (NDAA) to increase pay for service members to match the increased rate of inflation.

The NDAA currently raises troop pay by 4.6%, and an amendment from Rep. Jared Golden (D-ME) added an additional 2.4% inflation bonus for certain low-income service members. However, that increase still fails to meet the 8.6% increase in the Consumer Price Index (CPI) for May 2022.

Rep. Budd’s amendment would increase service member pay to match the 8.6% CPI inflation rate.

Read the full text of the amendment HERE

Rep. Budd released the following statement:

“While the current pay raise for our troops in the NDAA is substantial, it does not cover the increased prices at the grocery store or the pump. My amendment ensures that our brave servicemembers do not have to bear the brunt of President Biden’s inflation.”

Author: The Iowa Standard