Thursday, December 11, 2025

Affordability vs economy is not about semantics; both are true at the same time

 Affordability vs economy is not about semantics; both are true at the same time. Why the disconnect? Trump may be touting his great economy, but those concerned about having enough money to pay for the basics have been left out of his "economy". The Trump administration's Tax Cuts and Jobs Act of 2017 (TCJA) resulted in a shift of wealth toward the wealthiest Americans and corporations, the "greatest upward transfer of wealth in American history," some say, and Trump made affordability worse by his tariffs and cutting everything from SNAP to Obamacare. However, those who live paycheck to paycheck or barely make ends meet, at least 40% of Americans, are those for whom the term "affordability" means something, and the term "economy being great" looks like a lie by an out-of-touch president. Polls and recent off-year election wins by those who made affordability their top issue show that the political chickens have come home to roost.

No comments:

Post a Comment