00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Several Democratic senators and public figures accused the Trump administration
00:06of prioritizing corporate tax benefits over working families, according to their posts on X.
00:11Senator Adam Schiff said,
00:14Americans facing higher grocery costs from tariffs and cuts to snap benefits
00:17are being harmed while large corporations use offshore arrangements to avoid $40 billion in taxes.
00:24Senator Elizabeth Warren said,
00:26Trump failed to deliver on promises to lower costs,
00:29with families turning to credit cards and rising debt.
00:32Moody's analytics economist Mark Zandi warned that the Iran conflict was pushing inflation expectations higher
00:38and could force aggressive Federal Reserve rate hikes.
00:42Investor Ross Gerber criticized Trump administration policies for fueling inflation and market instability,
00:47predicting voters would ultimately respond to the ballot box.
00:51For all things money, visit Benzinga.com.
Comments