Washington, DC — Americans can finally put a price tag on the cost of President Trump and Congressional Republicans’ tariffs and price-raising agenda. According to a new report from the Congressional Joint Economic Committee – Minority, the average American family spent an extra $1,600 on goods and services in 2025 thanks to inflation under President Trump and the Republican-controlled Congress.
From the report:
Because of the inflation that has occurred since President Trump took office, the average household has paid $1,625 in higher costs. This includes $323 more for housing expenses, such as rent or mortgage payments, and $241 more for transportation costs, such as for a new or used car, car repairs, and gas. Families are paying these higher prices despite President Trump repeatedly pledging on the campaign trail that his administration would “end inflation” and bring down costs for American families.
“Billionaires got a massive tax giveaway. Working families got stuck paying $1,600 more for everyday essentials,” said Unrig Our Economy Campaign Director Leor Tal. “Since Republicans took control in Washington, their agenda has made life more unaffordable for Americans nationwide – and now, thanks to the Joint Economic Committee’s report, we can start to put a price tag on the damage.”
Republicans in Congress have repeatedly worked to raise costs for working Americans by:
- Supporting the tariffs burdening their own constituents with higher prices and fewer jobs.
- Voting for historic cuts to vital programs like SNAP and Medicaid, which help millions of people put food on their table and access basic health care – all to pay for massive tax breaks for billionaires.
- Ending health care tax credits that helped over 20 million people afford their health insurance.
To learn more about the campaign, visit UnrigOurEconomy.com or contact press@unrigoureconomy.com
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About Unrig Our EconomyUnrig Our Economy is a national campaign to fix the rules of our economy to make it work for working people. We know that when the middle class does well, all of us do well — which is why we’re fighting on behalf of working Americans and holding corporations, their wealthy executives, and the politicians who enable them accountable.