Now comes the test for Dems: household budget relief
Summary
Democrats campaigned on frustration with high prices and now face pressure to provide household budget relief. Broad price declines could harm jobs and incomes, while many proposed steps depend on President Trump, Congress, or state governments and may not quickly lower costs.Key Facts
- The article says prices for necessities can fall in a healthy economy, but broad declines that undo years of increases could bring job losses and falling incomes.
- Brendan Duke of the Center on Budget and Policy Priorities cited restoring food assistance and health insurance subsidies, and ending the Iran war, as possible sources of relief.
- Democrats could seek to repeal tariffs, but President Trump could veto such legislation, and businesses might not pass all savings to consumers.
- Democratic Senate candidates proposed measures including rolling back tariffs, increasing grocery competition, and suspending the federal gas tax.
- Texas governor-elect Gina Hinojosa has proposed $1,500 rebate checks.
- Wage growth that outpaces price increases could restore purchasing power without prices returning to earlier levels.
- The article says Democrats lack control of the executive branch and do not have veto-proof congressional majorities.
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