Trump policies to cost middle-income Americans $1,700 more in 2026, while richest 1% save $12,560: Report

Trump's economic policies could raise costs for middle-income Americans in 2026, according to an ITEP report. AP/PTI(AP10_18_2026_000007B) (AP)

The economic policies introduced by US President Donald Trump are expected to increase taxes and other costs for most Americans in 2026, while the wealthiest 1% of earners are expected to save money, according to a new report by the Institute on Taxation and Economic Policy (ITEP), a left-leaning economic think tank. Trump’s economic policies … Read more