{"id":1052916,"date":"2025-05-15T12:00:44","date_gmt":"2025-05-15T16:00:44","guid":{"rendered":"https:\/\/democrats.org\/?p=1052916"},"modified":"2025-05-15T12:00:45","modified_gmt":"2025-05-15T16:00:45","slug":"trumps-agenda-higher-prices-for-working-families-cashing-in-for-his-corrupt-cabinet","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/trumps-agenda-higher-prices-for-working-families-cashing-in-for-his-corrupt-cabinet\/","title":{"rendered":"TRUMP\u2019S AGENDA: Higher Prices for Working Families \u2014 Cashing In for His Corrupt Cabinet"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"449\" width=\"1024\" src=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" alt=\"\" class=\"wp-image-1050776\" srcset=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png 1101w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=300,132 300w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=768,337 768w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=1024,449 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Donald Trump and his administration are showing their true colors, letting costs skyrocket while they cash in for themselves. While prices continue to rise and a recession looms, Trump and his Cabinet of cronies have no solutions \u2014 instead they\u2019re too busy grifting off the American people to look out for working families.<\/p>\n\n\n\n<p><strong>NEW: Donald Trump\u2019s chaotic and unaffordable economic agenda is raising prices on working families.&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.wsj.com\/business\/retail\/walmart-wmt-q1-earnings-report-stock-2026-b978bcf5\">Wall Street Journal<\/a>: <strong>\u201cWalmart Plans to Raise Prices Because of Tariffs\u201d<\/strong>&nbsp;<\/p>\n\n\n\n<p><strong>\u201cThe retailer said Thursday that it plans to raise prices this month and early this summer<\/strong>, passing along some of the cost as tariff-affected merchandise hits store shelves. \u2026<\/p>\n\n\n\n<p><strong>\u201cWalmart is already raising some prices <\/strong>as its suppliers pass through higher costs. For example, <strong>tariffs drove up the price of bananas, one of the most frequently purchased items at Walmart, to 54 cents a pound, up from 50 cents,<\/strong> he said.\u201d&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-15\/bridgestone-eyes-price-hikes-more-us-output-to-counter-tariffs\">Bloomberg<\/a>: <strong>\u201cBridgestone Eyes Price Hikes,<\/strong> More US Output to Counter Tariffs\u201d&nbsp;<\/p>\n\n\n\n<p><strong>\u201cPrice hikes are also \u2018on the table\u2019 to counter impact from US tariffs,<\/strong> Chief Executive Officer Shuichi Ishibashi said in an earnings call Thursday.<\/p>\n\n\n\n<p>\u201cThe company is expecting a direct impact from US tariffs of about 45 billion yen ($309 million).\u201d&nbsp;<\/p>\n\n\n\n<p><strong>Meanwhile, Trump\u2019s corrupt Cabinet officials are following Trump\u2019s <\/strong><a href=\"https:\/\/abcnews.go.com\/Politics\/trump-administration-poised-accept-palace-sky-gift-trump\/story?id=121680511\"><strong>example<\/strong><\/a><strong> and cashing in on their offices, raking in millions.&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.washingtonpost.com\/immigration\/2025\/05\/14\/noem-plane-gulfstream-coast-guard\/\">Washington Post<\/a>: <strong>\u201cThe Department of Homeland Security is planning on a new Gulfstream V<\/strong>, an agency official confirmed Wednesday \u2026<\/p>\n\n\n\n<p><strong>\u201c[T]he aircraft would be primarily used by Homeland Security Secretary Kristi L. Noem.<\/strong> [Representative Lauren] Underwood said <strong>the funding, which she placed at $50 million, would be taken from the budget of the Coast Guard<\/strong>, which is overseen by the DHS. \u2026&nbsp;<\/p>\n\n\n\n<p><strong>\u201cThe military service ordered a new executive jet<\/strong>, the Gulfstream 550, <strong>in 2020 at a cost of about $66 million<\/strong> and began using it two years later.\u201d&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.propublica.org\/article\/pam-bondi-trump-media-stock-tariffs\">ProPublica<\/a>: <strong>\u201cU.S. AG Pam Bondi Sold More than $1 Million in Trump Media Stock the Day Trump Announced Sweeping Tariffs\u201d&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>\u201cAttorney General Pam Bondi sold between $1 million and $5 million worth of shares of Trump Media the same day that President Donald Trump unveiled bruising new tariffs <\/strong>that caused the stock market to plummet, according to records obtained Wednesday by ProPublica.<\/p>\n\n\n\n<p><strong>\u201cTrump Media<\/strong>, which runs the social media platform Truth Social,<strong> fell 13% in the following days.\u201d&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.newsweek.com\/pam-bondi-sold-shares-trump-media-same-day-tariffs-announced-2072543\">Newsweek<\/a>: \u201cBondi, meanwhile, is facing scrutiny over her previous work as a foreign lobbyist for Qatar following reports that the Qatari government wants to give Trump a luxury plane.\u201d&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.propublica.org\/article\/trump-musk-starlink-state-department-gambia-africa-pressure\">ProPublica<\/a>: <strong>\u201cThe Trump Administration Leaned on African Countries. The Goal: Get Business for Elon Musk.\u201d&nbsp;<\/strong><\/p>\n\n\n\n<p>\u201cThe <strong>State Department conducted a monthslong campaign to push a small African country to help Musk\u2019s satellite internet company<\/strong>, records and interviews show.\u201d&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/x.com\/jonkarl\/status\/1921524227410145551?s=46&amp;t=UeBmrZmgOGBgvfV9Q0c3tQ\">Jonathan Karl, ABC News<\/a>: <strong>\u201cPresident Trump is poised to accept a luxury jet as a gift from Qatar.<\/strong> \u2026&nbsp;<\/p>\n\n\n\n<p>\u201cPerhaps <strong>the biggest foreign gift ever.\u201d&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>REMINDER: Trump\u2019s agenda has skyrocketed prices with no end in sight and sent inflation expectations to record highs, as he drives the economy toward recession.&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.wsj.com\/business\/retail\/mattel-earnings-q1-2025-mat-stock-2148c5a7\">Wall Street Journal<\/a>: <strong>\u201cMattel Plans Price Increases on American Toys\u201d<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-06\/trump-s-china-tariffs-already-threaten-christmas-shopping-deals\">Bloomberg<\/a>: <strong>\u201cTrump Tariffs Are Already Wreaking Havoc on Holiday Shopping\u201d<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnn.com\/2025\/04\/28\/politics\/tariffs-economy-100-days-trump\/index.html\">CNN<\/a>: <strong>\u201cTrump took the US economy to the brink of a crisis in just 100 days\u201d<\/strong>&nbsp;<\/p>\n\n\n\n<p>\u201cBut <strong>the president deliberately and singlehandedly adopted policies that are almost certain to spike prices even more<\/strong>; that could lead to shortages; and that have CEOs and small businesses dealing with chaos and the possibility of a recession.\u201d&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.businessinsider.com\/trump-tariffs-increase-prices-empty-shelves-timeline-supply-chain-holidays-2025-4\">Business Insider<\/a>:<strong> \u201cThe worst is yet to come: <\/strong>Trump\u2019s tariffs could mean even higher prices and empty shelves within weeks\u201d&nbsp;&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-08\/three-year-inflation-views-at-highest-since-2022-in-fed-survey\">Bloomberg<\/a>: <strong>\u201cThree-Year Inflation Views at Highest Since 2022<\/strong> in Fed Survey\u201d&nbsp;<\/p>\n\n\n\n<p><strong>\u201cAmericans\u2019 \u2026 views on the job market worsened \u2026<\/strong><\/p>\n\n\n\n<p><strong>\u201cRecession concerns have grown<\/strong>, and most economists expect tariffs to boost prices and weigh on growth. \u2026&nbsp;<\/p>\n\n\n\n<p><strong>\u201c[E]xpected household income growth fell to the lowest since April 2021.\u201d&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnn.com\/2025\/05\/15\/economy\/dimon-recession-tariffs\">CNN<\/a>: <strong>\u201cJamie Dimon continues to warn of recession, despite pullback in China tariffs\u201d&nbsp;<\/strong><\/p>\n\n\n\n<p>###<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump and his administration are showing their true colors, letting costs skyrocket while they cash in for themselves. While prices continue to rise and a recession looms, Trump and his Cabinet of cronies have no solutions \u2014 instead they\u2019re too busy grifting off the American people to look out for working families. NEW: Donald [&hellip;]<\/p>\n","protected":false},"author":293,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1052916","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TRUMP\u2019S AGENDA: Higher Prices for Working Families \u2014 Cashing In for His Corrupt Cabinet - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/trumps-agenda-higher-prices-for-working-families-cashing-in-for-his-corrupt-cabinet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-15T16:00:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-15T16:00:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" \/>\n<meta name=\"author\" content=\"Shelby Reese\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shelby Reese\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/trumps-agenda-higher-prices-for-working-families-cashing-in-for-his-corrupt-cabinet\/\",\"url\":\"https:\/\/democrats.org\/news\/trumps-agenda-higher-prices-for-working-families-cashing-in-for-his-corrupt-cabinet\/\",\"name\":\"TRUMP\u2019S AGENDA: Higher Prices for Working Families \u2014 Cashing In for His Corrupt Cabinet - 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