The Cost of the Trump Administration
Our nation is facing an economic crisis, but the policies of Trump Administration are making it worse. From skyrocketing prices at home to weakening America's national security abroad, the costs of the Trump Administration are too high for our nation.
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A LOOK AT THE DATA
$3,800
Average Amount American Families will pay from Tariffs
58%
Percentage of Small Business Owners concerned about Inflation
60%
Percentage of Americans who worry "a great deal" about the economy
31%
Percentage that food prices have increased since 2019
$14,570
Average Amount Spent per American on Health Care
29 million
Number of Americans who cannot afford or access affordable health care
The Economy
American families are facing an affordability crisis with Trump’s reckless tariffs are raising costs for working families across the country. Everyday necessities from clothing to coffee will be subject to tariffs. The 25 percent tariff on cars is expected to raise their prices by $4000.
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Yale Budget Lab: Average household will pay $3,800 more per year because of tariffs
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JP Morgan: Trump’s tariffs are the largest US tax hike since 1968
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NBC News: Trump’s tariffs will hit lower-income households hardest
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Intuit: 82% of Americans believe Tariffs will affect everyday goods and half of American consumers have changed their spending habits in anticipation of tariffs.
Photo: Mike Baumeister
Groceries
Americans continue to face price shocks in food prices in the Trump economy. The US Department of Agriculture predicts grocery prices will increase by 3.3% in 2025 which is higher than the historical average.
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States with highest grocery story price increases:
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California: +3.9%
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Pennsylvania: +3.5%
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Nevada: +3.5%
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Delaware: +3.4%
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New Mexico: +3.3%
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“A vote for Trump means your groceries will be cheaper.” - President Donald Trump, Nov. 4, 2024
Reuters: 70% including nine in 10 Democrats and six in 10 Republicans — said they expected higher tariffs will make groceries and other regular purchases more expensive. (March 2025)
Photo: Frank Chamaki
Affordable Housing
“We will eliminate regulations that drive up housing costs with the goal of cutting the cost of a new home in half. We think we can do that.” - President Donald Trump, September 5, 2024
Mortgage rates have fallen below 7% after hitting their highest peak in years, but increased borrowing costs make it cheaper to rent than buy for many American families.
Those who can afford to buy are faced with unaffordable housing prices that have increased by 47% since 2020. Meanwhile, new housing starts are expected to stagnate as a result of tariffs that will increase the costs of raw materials like lumber needed for housing.
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Fortune: New home construction is stalling as homebuilder sentiment sours over Trump’s tariffs, economists say
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Yahoo Finance: Builder Confidence Drops in March to Lowest Level in 7 Months.
Affordable Health Care
Americans all agree that the cost of health care is too high. Health care costs consistently outpace wage growth: According to the Kaiser Family Foundation, in 2024, the average family premium increased by 7% while wages grew 4.5%.
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The Republican-led Congress has plans to cut Medicaid and Medicare to help pay for tax cuts. Medicare insures older Americans and seniors, while Medicaid provides insurance for those who cannot afford it.
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Many working families rely upon the exchange marketplace to purchase health care through the Affordable Care Act. Those health plans are now more affordable as a result of subsidies that could expire under President Trump, raising costs for more than 3.8 million families according to the Congressional Budget Office.
“Prices will come down. You just watch: They’ll come down, and they’ll come down fast, not only with insurance, with everything.” - President Donald Trump, August 14, 2024
April 2025 - Gallup: In US, inability to Pay for Care, Medicine hits New High
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The percentage of U.S. adults who have recently been unable to afford or access quality healthcare has reached 11% -- equivalent to nearly 29 million people -- its highest level since 2021...