New Report: CO Families Have Spent $4,900 More Under President Trump

Hickenlooper: "President Trump's tariffs, war, and healthcare cuts have been catastrophic for Colorado families"

WASHINGTON - As President Trump's tariffs and war with Iran continue to hurt Colorado families, U.S. Senator John Hickenlooper emphasized the cost-of-living emergency that's plaguing the state.

According to a report this month from the Joint Economic Committee Minority, Colorado families have spent $4,900 more for goods and services under President Trump. Some of the key findings from the report include:

• Energy Costs: People across Colorado have spent over $2 billion more on gas since the beginning of the war. That means the average family in Colorado has spent $836 more on gas. Families in Colorado paid at least $80 more for electricity in 2025 under President Trump than they did in 2024. In just the first seven months of 2026, Colorado families spent an additional $111 on electricity than they did in the first seven months of 2024.

• Housing Costs: Colorado families have had to spend $621 more on housing costs such as rent and mortgage payments since President Trump took office.

• Grocery Costs: Americans paid $310 more for groceries in President Trump's first year than in 2024, and grocery prices are now more than 4 percent higher than when Trump took office.

• Healthcare: Monthly Affordable Care Act (ACA) premiums have risen over 50% on average in 2026 compared to last year while deductibles surged to record highs increasing by more than $1,000 on average.

"President Trump's tariffs, war, and healthcare cuts have been catastrophic for Colorado families," said Hickenlooper. "Trump's only answer to this crisis of his own making is to cut a sweetheart deal with his buddy Putin to import Russian diesel. Trump needs to stop funding Russia's brutal war against our ally Ukraine and instead end the war with Iran which is sending prices through the roof."

Watch Hickenlooper's Recent Video on Russia Sanctions Here

Last month, Hickenlooper spoke on the Senate floor about the cost-of-living emergency that President Trump and MAGA Republicans have created. As President Trump's war with Iran and tariff wars continue, Hickenlooper has been fighting to lower costs for Americans.

In July, he celebrated the committee passage of his bipartisan Patients Deserve Price Tags Act, which would create true transparency in healthcare pricing and is a first step towards universal healthcare. The bill will help lower healthcare prices through creating opportunities for consumers to compare prices, leading to competition among providers to lower costs.

Hickenlooper helped champion the 21st Century ROAD to Housing Act to address the national affordable housing shortage by cutting red tape to build more homes, investing in programs to lower the cost of buying a house, and preventing corporations from dominating the housing market. In 2021, he worked with the Colorado delegation to deliver more than $3.8 billion in American Rescue Plan funding for the state, which included more than $500 million towards affordable housing investments and $300 million in emergency rental assistance for low-income households.

Hickenlooper has traveled across Colorado to hear from workers, ranchers, and farmers getting crushed by the increasing prices fueled by the war and tariffs. He's doing a state-wide tour of local hospitals and clinics to meet with Coloradans and hear how they are grappling with the increasing costs of healthcare.

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