Trumpflation Rises To 3.8%, As Wages Fall, Gas, Electric, Grocery Prices Soar

[Divine Wind]

The top tax rate for 2026 is 37 percent

Reagan had it at 28

You clearly are clueless and just throwing out talking points

A half-truth is a whole lie.

You only mention tax rates, not total taxes including deductions. Deductions that benefit the rich and not most Middle Class and lower-income Americans.

The Good, the Bad, and the Ugly in the One, Big, Beautiful Bill

Policymakers have passed legislation to extend many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) alongside dozens of new tax provisions.

taxfoundation.org

The Big Picture​

The One Big Beautiful Bill Act makes many of the individual tax cuts and reforms of the TCJA permanent. It improves upon the TCJA by making expensing for R&D and equipment permanent. However, for the most part, it does not include further structural reforms, and instead introduces many new, narrow tax breaks to the code, adding complexity and raising revenue costs. The relative lack of base-broadening leads it to raise deficits. While the new law has many laudable components and will increase economic growth, it is not a true tax reform.

 

[Mashmont]

Donald Trump has said he “does not think about Americans’ financial situation” after official figures showed US inflation surged to a three-year high. America’s consumer prices index rose from 3.3pc to 3.8pc last month in a jump that was bigger than analysts had predicted.

It means prices are rising at a faster pace than wages for the first time since Mr. Trump’s inauguration last year, with average hourly earnings up by just 3.6pc in the year to April. Energy prices jumped by 3.8pc in April alone, the labor department said, and surged by 17.9pc compared with a year earlier.

As it stands now, the higher prices are hitting consumers in some of the most visible of places: the gas station, the grocery store and their electric bills.

Gas prices didn’t rise as fast as they did in March (when they shot up by a record 21.2%); however, the 5.4% increase in April was the second-fastest seen since the latter part of 2023.

Electricity prices – moved higher last year because of factors such as demand for data centers, weather and infrastructure costs – now face additional pressures from the global oil and gas shock. In April, prices for electricity rose 2.1%, the fastest monthly increase in more than four years.

Overall food prices rose 0.5% (grocery items were up 0.7%) last month and are up a respective 3.2% and 3.6% from the year before. Meat prices, particularly beef, continued to climb, but so did produce.

Prices of fresh fruits and vegetables, which are often transported by refrigerated diesel trucks, rose by 2.3%, the highest monthly increase for that category since 2010, BLS data shows.

Tomato prices soared by more than 15% for the second month in a row.

https://www.cnn.com/2026/05/12/economy/us-cpi-inflation-april

And just to think. Those diesel prices in California where most of those goods, and produce are trucked out of will only get much worse, just in time for summer vacation, right along with gas prices. While his tech bros steadily jack up electric bills with their data centers. But since ol' 47, the commander in chief, isn't thinking about your financial situation, it really doesn't matter. To him.

Have fun at the beach!

3.8% < Biden's 9%.

 

[Correll]

I can’t cure you of your perpetual victimhood.

So, just **** off then.

 

[struth]

A half-truth is a whole lie.

You only mention tax rates, not total taxes including deductions. Deductions that benefit the rich and not most Middle Class and lower-income Americans.

The Good, the Bad, and the Ugly in the One, Big, Beautiful Bill

Policymakers have passed legislation to extend many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) alongside dozens of new tax provisions.

taxfoundation.org

The Big Picture​

The One Big Beautiful Bill Act makes many of the individual tax cuts and reforms of the TCJA permanent. It improves upon the TCJA by making expensing for R&D and equipment permanent. However, for the most part, it does not include further structural reforms, and instead introduces many new, narrow tax breaks to the code, adding complexity and raising revenue costs. The relative lack of base-broadening leads it to raise deficits. While the new law has many laudable components and will increase economic growth, it is not a true tax reform.

Because we have far less deductions then the 80s

 

[Divine Wind]

Because we have far less deductions then the 80s

Who is "we"? As the links proved, the BBB gave the ultra-rich more deductions and the vast majority of Americans less.

 

[struth]

Who is "we"? As the links proved, the BBB gave the ultra-rich more deductions and the vast majority of Americans less.

The American tax payer

No it didn’t l. You are lying

We have far less deductions then the 1980S

Trump eliminated most of them in his first term

There are also no deductions currently limited to rich people

Face it have no clue what you are talking about

 

[otto105]

But that's okay because we get to build a $1 billion ball room for the Epstein list and that seems to be a pretty huge win for the GOPedo party.

The Epstein class does not care.























maga

 

[otto105]

Biden=9% inflation

Liberals be like "No big deal."

Trump=3.6% inflation

Liberals be like "ZOMG THE SKY IS FALLING!!"

Sycophant, daddy was handed an inflation rate of 2.9% and he did that to 3.8%.

Do you feel “patriotic” over it?