Prices rose all year due to tariffs, quietly offsetting any boost Americans saw at tax time
Prices rose all year due to tariffs, quietly offsetting any boost Americans saw at tax time
Published
April 15, 2026 6:30AM (EDT)
Cutting taxes. (Deagreez via Getty Images)
As President Donald Trump heads into the midterms with hopes that large tax refunds will buoy the Republicans in elections, most Americans will have already had any cash returned from their taxes eaten up by higher prices from a year of Trump’s tariffs.
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