{"id":1056035,"date":"2025-09-17T14:44:40","date_gmt":"2025-09-17T18:44:40","guid":{"rendered":"https:\/\/democrats.org\/?p=1056035"},"modified":"2025-09-17T14:44:41","modified_gmt":"2025-09-17T18:44:41","slug":"under-trump-the-rich-get-richer-and-working-families-get-screwed","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/under-trump-the-rich-get-richer-and-working-families-get-screwed\/","title":{"rendered":"Under Trump, the Rich Get Richer and Working Families Get Screwed"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Economic data from Bank of America shows that the income gap continues to grow<\/a>: low-income household wage growth is the slowest on record, while high-income household wage growth is the fastest in years. More data shows that the bottom 80% of households<\/a> are barely keeping their spending up with inflation, while the top 20% are growing their spending.<\/p>\n\n\n\n

Donald Trump\u2019s billionaire-first agenda is only going to make the problem worse. Trump\u2019s \u201csignature achievement\u201d is the largest wealth transfer from the middle- and working-class to the ultrarich, and his failed economic policies are hitting working families the hardest.<\/p>\n\n\n\n

In response, DNC Rapid Response Director Kendall Witmer released the following statement:<\/em><\/strong><\/p>\n\n\n\n

\u201cAmericans already know it: The rich are getting richer and everyone else is treading water. Maybe that\u2019s why Donald Trump and Republicans are desperately trying to rebrand their billionaire-first budget bill, because it\u2019s nothing more than a massive tax handout to the ultrarich at the expense of working families. Trump\u2019s entire presidency has been about enriching himself, his family, and the rich elites around him, and by the end of his term, the wealth gap in this country will be even more astounding. That\u2019s outrageous, and voters aren\u2019t going to stand for it.\u201d<\/p>\n\n\n\n

Trump\u2019s billionaire-first budget bill is the biggest wealth transfer<\/a> in history from working and middle-class families to the richest Americans. When combined with Trump\u2019s reckless tariffs, only the top 10%<\/a> of families will see an increase in income under Trump\u2019s billionaire-first budget, while 17 million<\/a> Americans will have their health care ripped away; more than one in four<\/a> nursing homes and over 300 rural hospitals are at risk<\/a> of closure; and more than 22 million families will lose<\/a> food assistance. <\/p>\n\n\n\n

Meanwhile, Trump\u2019s economy is in the toilet, and working families are the ones getting screwed. Despite saying he would lower costs on \u201cDay One,\u201d prices continue to soar, and it\u2019s impossible to find a job<\/a>. Trump\u2019s unhinged trade war has also caused farmers<\/a> and businesses<\/a> to suffer and resulted in over 30,000 job losses in the manufacturing sector<\/a>.<\/p>\n\n\n\n

Despite how Trump\u2019s White House tries to spin it, Trump\u2019s presidency is all about rewarding billionaires while throwing working families under the bus.<\/p>\n","protected":false},"excerpt":{"rendered":"

Economic data from Bank of America shows that the income gap continues to grow: low-income household wage growth is the slowest on record, while high-income household wage growth is the fastest in years. More data shows that the bottom 80% of households are barely keeping their spending up with inflation, while the top 20% are […]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1056035","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nUnder Trump, the Rich Get Richer and Working Families Get Screwed - 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\/under-trump-the-rich-get-richer-and-working-families-get-screwed\/\" \/>\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=\"2025-09-17T18:44:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-17T18:44:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1101\" \/>\n\t<meta property=\"og:image:height\" content=\"483\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adrianna Tomasello\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrianna Tomasello\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/under-trump-the-rich-get-richer-and-working-families-get-screwed\/\",\"url\":\"https:\/\/democrats.org\/news\/under-trump-the-rich-get-richer-and-working-families-get-screwed\/\",\"name\":\"Under Trump, the Rich Get Richer and Working Families Get Screwed - 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