These are not personality arguments. They are measurable policy effects reported by the
Congressional Budget Office and current economic reporting.
PRICES
95%
of the tariff cost borne domestically
Tariffs: Americans pay more
CBO estimates foreign exporters absorb only about 5% of the cost of the 2025 tariffs. The remaining 95% is borne inside America. CBO projects the tariffs raise consumer prices broadly, including through supply chains and reduced competition.
CBO, Budget and Economic Outlook: 2026–2036 ↗
HEALTH CARE
7.5M
more uninsured in 2034
Millions more without insurance
CBO estimates the Medicaid provisions enacted in the 2025 reconciliation law will increase the number of people without health insurance by 7.5 million in 2034.
CBO, Medicaid provisions of P.L. 119-21 ↗
HOUSEHOLD RESOURCES
−$1,214
average annual change for the lowest income tenth
The bottom loses while the top gains
CBO estimates that, averaged over 2026–2034, households in the lowest income decile lose resources while households at the top gain substantially. The highest-income decile gains an estimated $13,622 per household per year on average.
CBO, Distributional Effects of P.L. 119-21 ↗
FOOD ASSISTANCE
SNAP
benefits and state budgets squeezed
SNAP cuts hit lower-income households
CBO says reductions in SNAP spending reduce resources available to participating households, while new state matching requirements can force states to raise taxes or cut spending elsewhere.
CBO, Distributional Effects of P.L. 119-21 ↗
GAS & ENERGY
$4.10
average gasoline cited Aug. 20, 2026
The Iran war shows up at the pump
Reuters reported average gasoline around $4.10 per gallon, up from $3.13 a year earlier, as the prolonged Iran conflict disrupted Middle East oil flows. The administration moved to relax summer gasoline rules early in an attempt to reduce prices.
Reuters, August 20, 2026 ↗
INFLATION
+0.8
percentage points on PCE prices by end of 2026
Tariffs push inflation higher
CBO projects the new tariffs raise the personal consumption expenditures price index by about 0.8 percentage points by the end of 2026, with broader indirect effects continuing afterward.
CBO, Budget and Economic Outlook: 2026–2036 ↗