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wickedsdesires -> RE: RISING Wages, NO Inflation - Trump Was Right AGAIN (7/3/2025 5:56:27 AM)
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CNN
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The president’s imaginary list keeps getting longer.
In April, President Donald Trump claimed gas prices in “a couple” unspecified states had just fallen to $1.98 per gallon. That wasn’t even close to true. But the next day he said it was “three states” that had just hit $1.98 per gallon, which also wasn’t remotely accurate.
Trump used the “three” figure on multiple occasions in subsequent weeks, again with no factual basis. Then, during an immigration-focused visit to Florida on Tuesday, Trump made it five states with supposed sub-$2 gas.
“Gasoline just hit $1.99 today in five states – $1.99, isn’t that a nice sound?” he said, adding moments later, “We just hit, in five states, $1.99, $1.98.”
Once more, this was a lie.
The lowest state average price on Tuesday for a gallon of regular gas was about $2.71 in Mississippi, according to data p
published by AAA. The state with the fifth-cheapest Tuesday average, Louisiana, was at about $2.79 per gallon, per the AAA data. And the national average was about $3.18 per gallon, AAA reported.
"The cost of eggs has come down like 93%, 94% since we took office, and they’re pretty much normally priced now.”
who the fuck is paying for this? In the first few months of 2025, the U.S. has imported over 26 million dozen shell eggs and an additional 14 million egg product equivalents, according to the USDA. These eggs have come from countries including Brazil, Honduras, Mexico, Turkey, and South Korea. This increase in imports is part of a larger USDA initiative to address the rising egg prices and egg shortages caused by the bird flu outbreak.
‘It’s harsh. It’s mean, brutal’: Trump bill to cause most harm to America’s poorest
President embraces Robin-Hood-in-reverse policies to benefit wealthiest and hurt those earning under $50,000 ast November, Donald Trump made a solemn vow to all Americans: “Every citizen, I will fight for you, your family and your future every single day.” Eight months later, Trump is vigorously backing many policies that will mean pain for millions.
Trump has pushed to enact the Republican budget bill, which would make significant cuts to Medicaid, Obamacare, and food assistance, and would do the greatest damage to those Americans struggling hardest to make ends meet – the 30% of the US population that lives in households earning under $50,000 a year.
Even as Trump and Republican lawmakers are rushing to cut over $1.4tn in health and food assistance for non-affluent Americans, Trump continues to pressure Congress to extend over $3tn in tax cuts that disproportionately help the wealthy and corporations.
Oi fuckwit boscox Trump paid his taxes yet or is he still under audit?
Trump has embraced these Robin-Hood-in-reverse policies, even though it was voters earning less than $50,000 a year who delivered victory to him last November. Good. At least they wont take away those scrounging racists medicaid or snap.
The budget bill would mean a net financial loss for the bottom 30% of American households by income – after factoring in its tax provisions and cuts in benefits. The House bill would hit the lowest earning 10% of Americans hardest: for them, it would mean a painful $1,600 cut in income on average (a 3.9% drop), according to the Congressional Budget Office (CBO). At the same time, the Trump-backed bill would be a boon to wealthy households – it would mean a $12,000 increase in net income, on average, for households in the top 10%, those earning above $692,000 a year. According to the Yale Budget Lab, the top 0.1% – those with income over $3.3m – would receive tax cuts of $103,500 on average.
The CBO says the income of the bottom 10% tops off at $22,868 (before factoring in government transfers). The second lowest decile earns from $22,868 to $43,137; the third decile earns up to $55,628; and the fourth up to $68,601.
The Yale Budget Lab found that the bottom 20% of US households would see their incomes drop by 2.9% on average over the next decade, and the second lowest quintile – moderate-income households – would suffer a 0.4% loss of income on average. But the richest 20% would see their incomes rise by 2.3%. Those in the top 1% would see their incomes climb by $29,585 on average.
Trump is demanding these big tax cuts for the rich even though the CBO says the budget bill will increase the federal debt by $3.3tn – a move that will push up interest rates and make mortgages and home-buying more expensive.
According to the Institute of Taxation and Economic Policy, a left-leaning thinktank, the $121bn tax cuts that would go just to the richest 1% next year are significantly more than all the tax cuts that would go to the bottom 60% of Americans in terms of income.
The poorest 20% of Americans would receive just 1% of the bill’s tax cuts next year, while the highest earning 5% would receive 44% of the cuts.
Last week, Trump urged lawmakers to enact the bill, saying: “There are hundreds of things in there. It is so good.” At a news conference, the president said the more than $1tn in Medicaid and food assistance cuts wouldn’t hurt anyone
See me complaining?
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