Fresh off House Republicans advancing a disastrous budget to give tax handouts to the ultra-wealthy while slashing Medicaid for millions, new polling shows a majority of Americans agree that Donald Trump’s agenda hurts the economy. Even more agree that his unqualified billionaire backers exercise outsized influence over White House decisions — despite them being riddled with conflicts of interest. 

As consumer confidence plummets, Trump and MAGA Republicans advance an unpopular and corrupt agenda to gut health care for kids and seniors while threatening SNAP benefits for millions of working Americans — all to fund tax breaks for the rich and big corporations. Instead of trying to lower costs, Trump and his billionaire backers only care about lining their pockets and leaving Main Street in the dust. 

Here’s a look at Americans’ widespread disapproval of Trump’s out-of-touch economic agenda:

• A majority of Americans think that under Trump, the country — including the economy, employment and jobs, and cost of living — is on the wrong track:
  • 53% of Americans believe the economy is off on the wrong track 
  • 64% of Americans also believe their cost of living is on the wrong track
  • A majority also say corruption is on the wrong track under Trump’s billionaire Cabinet
  • Over 80% of respondents said they believe tariffs will lead to increased prices, with 45% expecting significant hikes
• While Trump elevates Elon Musk and rest of his billionaire Cabinet, Americans across the board are increasingly concerned about the ultra-wealthy’s power over the White House:
  • 69% of Americans say the ultra-wealthy are making money off their White House connections
  • 71% of Americans agree the ultra-wealthy have too much influence on the White House 
  • 2 out of 3 Americans believe the economy is rigged for the rich and powerful
  • 59% of Americans are concerned about the ultra-wealthy gaining power and threatening basic rights
• Consumer sentiment is down across the board:
  • The Present Situation Index — a measure of current business and labor market conditions — fell 3.4 points to 136.5 
  • The Expectations Index — which reflects consumers’ outlook of future economic conditions — fell 9.3 points to 72.9, bringing it to a level that usually serves as a recession warning
  • The Consumer Confidence Index fell 7.0 points to 98.3, marking the largest monthly decline since August 2021