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"Housing programs are among the important public services being targeted for significant cuts to fund tax giveaways for billionaires and their wealthy donors," warned one group.
House Republicans' proposed budget reconciliation package will make mortgages expensive and harder to obtain, a progressive tax policy group warned Thursday, while over 30 advocacy groups sounded the alarm over the Trump administration's gutting of federal agencies and programs, moves that are exacerbating the U.S. housing crisis.
Americans for Tax Fairness (ATF) said that the proposed permanent extension of expiring portions of the Tax Cuts and Jobs Act (TCJA) signed into law by President Donald Trump during his first term would grant massive tax breaks to big corporations and the ultrawealthy, "wasting trillions of dollars that could help solve our country's affordable housing crisis."
"Working families are seeing their grocery bills and other prices skyrocketing thanks to President Trump's erratic trade policies, and they know full well who is to blame," said one critic.
Amid rising consumer prices and inflation likely to increase due to President Donald Trump's mercurial tariffs, a poll published Tuesday revealed that a majority of surveyed voters disapprove of the U.S. leader's fiscal stewardship and blame him for the nation's economic woes.
Groundwork Collaborative and Data for Progress surveyed 1,213 likely U.S. voters, 55% of whom said they somewhat or strongly disapprove of the way Trump is handling rising prices. That figure soared to 90% among Democratic respondents, while 79% of Republicans said they approve of the president's leadership on the issue.
"The president promised to lower costs on day one, and by that standard, he's broken that promise and has made choices that will cost families thousands of dollars a year," said one policy expert recently.
The Trump administration has made its desire for Americans to expand their families well known, but a new survey out Monday details how a growing number of people are postponing such major life decisions—including having children, buying a home, or expanding their education—due to the economic anxiety created by President Donald Trump's policies.
The Harris poll was conducted on behalf of The Guardian between April 24-26, in the wake of the news that the White House was considering multiple ways to encourage people to have more children. The proposals being floated by "pronatalist" advisers include a $5,000 "baby bonus" that the administration would offer to people when they have a new baby—which would cover less than half of the average annual cost of childcare in the United States.