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President Trump promised to cut energy prices in half within his first year in office. He has done the exact opposite.
Today, Groundwork Collaborative released a new report that challenges the assertion that regulation is the primary barrier to housing affordability.
With Albany’s April 1 budget deadline approaching, Groundwork Collaborative today released “Closing the Gap: Why New York City Needs a Millionaires Tax.”
“It is a fixed cost,” said Alex Jacquez, chief of policy and advocacy for the Groundwork Collaborative, a progressive group. “You’re not going to not go to work because the price of gas is up, so you’re going to cut back somewhere else.”
“The energy shock is going to hit those who have the least cushion ... and it doesn’t look like those tax refunds are going to be here to save them,” Alex Jacquez, chief of policy and advocacy at Groundwork Collaborative, a left-leaning economic policy think tank, said during a press call on Friday.
“The major domestics are going to take an $11 billion hit just on fuel costs this year,” said Alex Jacquez, chief of policy and advocacy at Groundwork Collaborative, an economic think tank.
Pressures are pushing the economy toward a stagflation trap of weak growth and persistent inflation, tying the Fed’s hands, and ultimately hurting American workers and consumers.
As President Trump’s escalating war with Iran pushes energy prices higher, Americans are looking for ways to keep electricity bills in check.
Lindsay Owens, the executive director of the economic policy nonprofit Groundwork Collaborative, said the settlement will end up being 'incredibly costly for concertgoers, performers, and independent venues.' 'California and 35 other states are standing up for Americans who are sick and tired of being ripped off and having to scrimp and save to enjoy a night out,' Owens said in a statement.
“Our infrastructure is old and we’re not set up to produce the mix of downstream products to meet our domestic needs,” said Alex Jacquez, chief of policy and advocacy at Groundwork Collaborative and a former adviser to then president Joe Biden.