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GOP Offers Tax, Trade Policies Aimed at Combating Inflation

WASHINGTON—Congressional Republicans are starting to element their plans to fight inflation and soften its affect on households, indicating some tax, commerce and regulatory insurance policies they could pursue in the event that they take management of the House and Senate in this fall’s midterm elections.

Sen. Chuck Grassley (R., Iowa) on Tuesday is proposing to regulate a tax-code provision for inflation and cut back some taxes on investments. Meanwhile, Republicans on the House Ways and Means Committee are outlining their anti-inflation agenda, calling for rescinding unused federal spending, lowering regulation and negotiating new commerce agreements.