Stalin
Well-Known Member
- Joined
- Apr 4, 2008
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Democrats on the congressional Joint Economic Committee released a report Thursday detailing how much more the average American family in every US state is having to spend monthly to cover the rising costs of food, shelter, energy, and other necessities under the leadership of President Donald Trump.
The panel released its report on the same day the Trump administration was supposed to publish the October Consumer Price Index (CPI) data. The closely watched CPI report was delayed by the shutdown, and the Trump White House said Wednesday that it’s likely the figures will never be released.
Deploying the same methodology that Republicans used to track cost increases under former President Joe Biden, JEC Democrats found that the average US family is spending roughly $700 more per month on basic items since Trump took office in January, pledging to bring prices “way down.”
“While President Trump claimed that he would bring down prices, the reality is that Americans have seen their costs soar even higher since he took office,” said Sen. Maggie Hassan (D-NH), the JEC’s ranking member. “As families across the country spend more to pay their bills and put food on the table, Democrats and Republicans should be working together to lower costs. Instead, President Trump is pushing ahead with reckless tariffs that continue to fuel inflation and drive prices up even higher.”
In some states—including Alaska, California, and Colorado—average families are spending over $1,000 more per month to maintain their living standards as costs continue to rise, in part due to Trump’s erratic tariff regime.
www.commondreams.org
comrade stalin
moscow
The panel released its report on the same day the Trump administration was supposed to publish the October Consumer Price Index (CPI) data. The closely watched CPI report was delayed by the shutdown, and the Trump White House said Wednesday that it’s likely the figures will never be released.
Deploying the same methodology that Republicans used to track cost increases under former President Joe Biden, JEC Democrats found that the average US family is spending roughly $700 more per month on basic items since Trump took office in January, pledging to bring prices “way down.”
“While President Trump claimed that he would bring down prices, the reality is that Americans have seen their costs soar even higher since he took office,” said Sen. Maggie Hassan (D-NH), the JEC’s ranking member. “As families across the country spend more to pay their bills and put food on the table, Democrats and Republicans should be working together to lower costs. Instead, President Trump is pushing ahead with reckless tariffs that continue to fuel inflation and drive prices up even higher.”
In some states—including Alaska, California, and Colorado—average families are spending over $1,000 more per month to maintain their living standards as costs continue to rise, in part due to Trump’s erratic tariff regime.
Under Trump, Inflation Is Costing Average US Family $700 More Per Month | Common Dreams
"While President Trump claimed that he would bring down prices, the reality is that Americans have seen their costs soar even higher since he took office."
www.commondreams.org
comrade stalin
moscow
