Today, Donald Trump is traveling to Texas to headline an RNC fundraiser for Ken Paxton. As Trump once again dines with rich donors and rakes in millions for his coffers, Trump and Republicans have failed to deliver on their promise to bring down prices as working families struggle to get by in his deeply unpopular economy.
In response, DNC Rapid Response Director Kendall Witmer released the following statement:
“As Donald Trump parties with rich insiders and elite donors, prices are soaring and working families are being run dry to afford gas, groceries, and medicine. Trump’s economy continues to spiral as he doubles down on his reckless tariffs and his deadly and costly war with Iran rages on — and Trump can’t be bothered to lift a finger to help them. Filling his campaign coffers won’t be able to cover up the fact that Trump is deeply unpopular heading into the midterms, and for good reason: Americans are tired of being left in the dust while Trump and his inner circle get richer and richer.”
Under Trump and JD Vance, prices have surged to historic highs: Prices in July surged by 3.7% — close to a three-year high — and consumer confidence is at its lowest point in seven months. The average household has spent $3,800 more on goods and services, including $310 more for groceries in Trump and Vance’s first year than in 2024 and $757 more for housing since Trump took office. Meanwhile, Americans have already spent $72 billion more on gas since Trump’s war with Iran began — an average of $604 in additional costs per family.
It’s no wonder Trump is facing historically low approval ratings: Nearly 80% of Americans believe Trump is not focused enough on lowering prices, and new polling shows 70% of Americans, including nearly 40% of Republicans, disapprove of Trump’s handling of the cost of living. The same poll found that voters favor Democrats to handle the cost of living over Republicans by eight points — Democrats’ greatest advantage since pollsters began asking the question.
