TRUMP POLICIES TO COST MIDDLE - INCOME AMERICANS $1 , 700 MORE IN 2026 , WHILE RICHEST 1 % SAVE $12 , 560 : REPORT

What happened: An ITEP report estimates that Trump administration policies will raise taxes and other costs for most Americans in 2026, while the wealthiest 1% save money. Key numbers: Middle 20% of earners pay about $1,700 more in 2026; poorest 20% pay about $750 more; wealthiest 1% save about $12,560. Report released October 8. Why it matters: ITEP says the added costs could help explain consumer confidence near a record low and rising household debt. The White House disputes the findings, saying the policies curbed inflation and supported growth.

An ITEP report estimates that Trump administration policies will raise taxes and other costs for most Americans in 2026, while the wealthiest 1% save money.

ITEP says the added costs could help explain consumer confidence near a record low and rising household debt. The White House disputes the findings, saying the policies curbed inflation and supported growth.