Reed: Americans Can’t Afford Trumpflation

WASHINGTON, DC -- Today, after new economic data showed prices rose 4.2 percent annually in May, the third consecutive monthly increase since the start of Trump's Iran war and a three-year high, U.S. Senator Jack Reed issued the following statement:

"Inflation continues to accelerate as President Trump's disastrous war with Iran drags on and he fails to articulate a strategic way forward.

"President Trump's illegal tariffs and weak handling of the economy is forcing hardworking Americans to continue paying artificially high prices for everything from gas to groceries to electricity and health care. Trump-caused inflation has risen so rapidly these last few months that it's erasing all wage gains and eroding people's paychecks and savings. The president must change course. But instead, he callously dismisses the struggles everyday Americans are facing and actually says things like "I love the inflation." What Americans would love to hear is an actual plan from this president for ending the war and lowering these elevated prices. The American people simply can't afford President Trump's recklessness and carelessness.

"Two things the President could do immediately to bring down prices and offer working people some financial relief is to end his reckless war with Iran and end his illegal tariff scheme and swiftly set up a fair and equitable refund system so working Americans who have been paying higher costs due to his misguided policies get a big chunk of their money back."

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