Trump promised his tax bill would deliver the "biggest tax refund ever."
The average refund came in just $330 higher, & that modest bump is already being wiped out by:
→ $1,700 in tariff costs
→ $857 more on gasoline
→ $2,357 more on everyday expenses
Our new report 👇
Sec. Bessent might promote financial literacy, but his actions tell a different story.
“You can't preach penny-pinching while making it harder for Americans to pay their grocery, utility & healthcare bills,” our @EmDiVito notes.
If he's serious, he should focus on lowering the
This week marked two months since Trump launched a war with Iran that no one asked for. And the bills are adding up.
Our @AlexSJacquez breaks it down.
Trump's net approval on the economy is the lowest of any president in modern history. 75% of Americans say the economy is in poor shape.
61% opposed the GOP tax law just days after it passed. They pushed it through anyway.
One year later, how does it hold up? Not well.
trump literally broke the scale of this graph on my data portal
https://www.gelliottmorris.com/p/data
Republicans’ SNAP cuts amount to 37,400,000,000 costco rotisserie chickens, or 888 chickens per SNAP recipient.
After 60 days of Trump's war in Iran, people feel the worse they've felt about the economy in 74 years of record keeping.
They have every right to.
Skimpflation - when companies shrink their products but raise their prices - has jumped across the pond, hitting beloved British groceries.
As grim as the state of inflation & stagnation are, the worst is yet to come.
The data is clear: Trump’s illegal war in Iran is a disaster for Americans’ budgets at home. It’s no wonder Trump’s economic disapproval ratings are at an all-time high.
Our statement on today's PCE
JUST IN: PCE Inflation jumped to 3.5% in March, the highest in three years (since May 2023). This is a direct result of the war in Iran. And the pain will almost certainly be worse in April and (likely) May.
Core PCE Inflation (excluding food and energy) jumped to 3.2% -->
Want to know just how subservient we can expect Kevin Warsh to be at the Fed, and what Jay Powell's favorite band is? See @ENPancotti of @Groundwork on @majorityfm with @SamSeder and @EmmaVigeland.
Https://www.youtube.com/live/h96NKm7u5xA?t=1689&si=BWgXiQFIufqxqxQ7
New York’s first-ever deputy mayor for economic justice, @JulieSuLabor, released new priorities:
In: Affordable housing, free childcare, & city-owned grocery stores.
Out: Billions in tax breaks & incentives to big developers & employers, unless they improve the lives of working
American workers are bearing the burden of Trump’s expensive and unstable economy.
The Federal Reserve's hands are effectively tied as Trump's mismanagement of the economy batters consumers & businesses alike.
Our statement featuring @ENPancotti 👇
It's been 60 days of Trump's war with Iran - and the affordability crisis has only gotten worse.
Airfare, groceries, and gas are just a few of the bills piling up for working families - with no end in sight.
JetBlue accidentally admitted what we already knew: they're using surveillance to charge consumers the absolute most they can to buy a ticket.
It might not be surprising, but it is frustrating. Even worse? It's not just JetBlue - it's not even just airline companies.
