{"id":1053564,"date":"2025-06-14T14:55:00","date_gmt":"2025-06-14T18:55:00","guid":{"rendered":"https:\/\/democrats.org\/?p=1053564"},"modified":"2025-06-15T09:34:10","modified_gmt":"2025-06-15T13:34:10","slug":"trump-and-republicans-budget-would-spike-energy-costs-for-americans-across-the-country","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/trump-and-republicans-budget-would-spike-energy-costs-for-americans-across-the-country\/","title":{"rendered":"Trump and Republicans\u2019 Budget Would Spike Energy Costs for Americans Across the Country"},"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>Today, as Donald Trump announces he will attend Republican Senator Dave McCormick\u2019s <a href=\"https:\/\/www.axios.com\/2025\/06\/12\/trump-ai-energy-pennsylvania\">\u201cenergy summit\u201d<\/a> next month in Pittsburgh, new reporting shows that Trump\u2019s budget bill would have dire consequences, hiking costs on Americans across the country.&nbsp;<\/p>\n\n\n\n<p>It\u2019s projected that Trump\u2019s budget would:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cost the economy $1.1 trillion in clean energy rollbacks by 2035<\/li>\n\n\n\n<li>Eliminate <a href=\"https:\/\/oilprice.com\/Latest-Energy-News\/World-News\/Trumps-Big-Beautiful-Bill-Could-Hurt-His-Own-Energy-Agenda.html\">700,000<\/a> U.S. jobs<\/li>\n\n\n\n<li>Skyrocket energy prices<\/li>\n<\/ul>\n\n\n\n<p><em>In response to new analysis on the cost-hiking consequences of Trump\u2019s budget bill, <\/em><strong><em>DNC Chair Ken Martin released the following statement:<\/em><\/strong><\/p>\n\n\n\n<p>\u201cDonald Trump said he\u2019d lower energy bills, but instead his chaotic policies are set to trigger mass layoffs and send energy prices soaring as we head into summer. Now, we\u2019re learning that Trump\u2019s budget bill will cost the economy $1.1 trillion in clean and affordable energy rollbacks \u2014 yet another example of his agenda screwing people over \u2013 and raise energy bills for American households by hundreds of dollars a year. And here\u2019s the kicker: Trump is only pushing this attack on American pocketbooks so his billionaire buddies can get richer. Make no mistake: Trump has not unleashed American energy \u2014 he\u2019s just making Americans pay more.\u201d<\/p>\n\n\n\n<p><strong>Recent analysis shows that Trump\u2019s budget would raise energy costs for American households and be a disaster for the U.S. economy.&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/insideclimatenews.org\/news\/12062025\/clean-energy-rollbacks-will-cost-trillion-by-2035\/\">Inside Climate News<\/a>: \u201cStudy Says Clean Energy Rollbacks Will Cost Economy $1.1 Trillion by 2035\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.reuters.com\/business\/energy\/trump-tax-bill-squeeze-clean-power-could-raise-energy-bills-2025-06-10\/\">Reuters<\/a>: \u201cTrump tax bill squeeze on clean power could raise energy bills\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.nytimes.com\/2025\/06\/04\/climate\/electricity-prices-republican-big-beautiful-bill.html\">New York Times<\/a>: \u201cElectricity Prices Are Surging. The G.O.P. Megabill Could Push Them Higher.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.forbes.com\/sites\/mariannekrasny\/2025\/06\/09\/big-budget-bill-triple-whammy-energy-prices-economy-and-environment\/\">Forbes<\/a>: \u201cTrouble With Big Beautiful Bill: Energy Prices, Economy, Environment\u201d<\/p>\n\n\n\n<p>\u201cAccording to a Princeton University energy policy report, the House-passed version of the Bill, currently under consideration in the Senate, raises three red flags: for our household energy bills, our economy, and our environment.\u201d<\/p>\n\n\n\n<p><strong>Trump is doubling down on his cost-hiking agenda so his billionaire backers can get a massive tax break at working families\u2019 expense.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/x.com\/Brendan_Duke\">Brandon Duke on X<\/a>: \u201cNEW analysis by the Congressional Budget Office shows the &#8220;One Big Beautiful Bill&#8221;:<\/p>\n\n\n\n<p>\u201c1.) Makes the bottom 30% worse off&nbsp;<\/p>\n\n\n\n<p>\u201c2.) Finances tax cuts that make the top 10% in particular better off.<\/p>\n\n\n\n<p>\u201cThis is not shared sacrifice&#8211;it&#8217;s a fiscal transfer from the bottom to the top.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.marketplace.org\/story\/2025\/05\/29\/the-federal-budget-will-affect-borrowing-costs-for-everyone\">Market Place<\/a>: \u201cThe federal budget will affect borrowing costs for everyone\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/triblive.com\/local\/regional\/republican-budget-bill-will-cost-thousands-of-clean-energy-jobs-millions-in-investment-advocates-say\/\">TribLive<\/a>: \u201cRepublican budget bill will cost thousands of clean energy jobs, millions in investment, advocates say\u201d<\/p>\n\n\n\n<p><strong>Economists are sounding the alarm while Americans\u2019 confidence in the economy plummets under Trump\u2019s chaotic leadership.&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/apnews.com\/article\/oecd-economy-growth-us-tariffs-b0e7a05c80035bc41f600d7710919730\">Associated Press<\/a>: \u201cUS growth likely to slow to 1.6% this year, hobbled by Trump\u2019s trade wars, OECD says\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.reuters.com\/business\/imf-cuts-growth-forecasts-most-countries-wake-century-high-us-tariffs-2025-04-22\/#:~:text=The%20IMF%20downgraded%20its%20forecast,policy%20uncertainty%20and%20trade%20tensions.\">Associated Press<\/a>: \u201cCiting trade wars, the World Bank sharply downgrades global economic growth forecast to 2.3%\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.nbcnews.com\/business\/personal-finance\/consumers-face-growing-risks-cfpb-financial-safeguards-crumble-rcna211529\">NBC News<\/a>: \u201cConsumers brace for steeper bills and lower credit scores from Trump&#8217;s financial deregulation\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.glassdoor.com\/blog\/glassdoor-employee-confidence-index-may-2025\/\">Glassdoor<\/a>: \u201cGlassdoor Employee Confidence Index: A record low in May\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, as Donald Trump announces he will attend Republican Senator Dave McCormick\u2019s \u201cenergy summit\u201d next month in Pittsburgh, new reporting shows that Trump\u2019s budget bill would have dire consequences, hiking costs on Americans across the country.&nbsp; It\u2019s projected that Trump\u2019s budget would: In response to new analysis on the cost-hiking consequences of Trump\u2019s budget bill, [&hellip;]<\/p>\n","protected":false},"author":292,"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-1053564","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 - 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