Welch Shares New Data Showing Families in Vermont Have Been Forced to Pay $3,700+ More Because of Trump’s Reckless Economic Policies
WASHINGTON, D.C. — New data shared by U.S. Senator Peter Welch (D-Vt.) shows Vermont households have been forced to spend at least $3,700 more on everyday essentials because of the Trump Administration’s reckless economic policies.
Democrats on the Joint Economic Committee, under the leadership of Ranking Member Maggie Hassan (D-N.H.), found the average household in the United States has spent thousands more since the president took office last year. Inflation, President Trump’s tariffs, and the war in Iran have raised the cost of housing, energy, groceries, and health care.
“Working families in Vermont can’t afford President Trump’s economic policies—they’re a complete disaster. Throughout his campaign and well into his second term, the president vowed to end inflation and make America affordable again, but it was just another broken promise,” said Sen. Peter Welch (D-Vt.), Ranking Member of the Senate Agriculture Subcommittee on Rural Development, Energy, and Credit. “I hope this new data is the wake-up call my colleagues across the aisle need: it’s time we work together to bring prices down and make Washington work for everyday people—not the other way around.”
In Vermont, the average family has spent $947 more on housing costs; $472 more on gas; $310 more on groceries; $218 more on heating oil; and $120 more on electricity. Many families saw their ACA health care premiums rise over 50% on average after Republicans refused to extend the ACA’s premium tax credits. Nearly 5,000 in Vermont lost food assistance since the enactment of President Trump’s tax bill.
View the data from the Joint Economic Committee.
Earlier this month, Senator Welch shared data from the JEC outlining how President Trump’s reckless and illegal war with Iran has driven up gasoline costs for Vermont families, farmers, and businesses.
Senator Welch is a member of the Senate Finance Committee and Ranking Member of the Senate Agriculture Subcommittee on Rural Development, Energy, and Credit. He was a member of the Joint Economic Committee in the 118th Congress.
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