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The most surprising victim of Trump’s terrible tax agenda

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monday
President Donald Trump takes part in a press conference on recent Supreme Court rulings in the briefing room at the White House on June 27, 2025, in Washington, DC. | Joe Raedle/Getty Images

The Republican Party’s saving grace is supposed to be its commitment to economic growth and consumer abundance.

Sure, the GOP may see unemployed cancer patients as shiftless mooches — and the Lorax, as literature’s greatest villain — but for precisely those reasons, Republicans are allegedly able stewards of industrial development: Unconstrained by concerns about inequality, the environment, or social justice, the GOP will unleash the private sector’s productive potential. Republicans won’t balance Americans’ hunger for cheap gasoline against their enlightened interest in cleaner air or a cooler planet — they’ll get you the cheap fuel now. And they won’t weigh America’s stake in technological supremacy against the risks of unregulated innovation — they’ll give cutting-edge companies whatever they need to achieve global dominance.

At least, this is the impression that Republicans have tried to cultivate, and which voters largely bought last November. According to polling by Democratic data firm Blue Rose Research, Americans in 2024 believed that the GOP would be better than Democrats on the economy and cost of living — but worse on income inequality and the environment — and considered the former issues more important.

But the GOP’s priorities aren’t as advertised. President Donald Trump’s agenda does not ask Americans to accept a dirtier atmosphere and more inegalitarian social order in exchange for cheaper goods, faster technological progress, and national industrial dominance. Rather, it asks us to accept not only greater inequality and environmental degradation, but also, higher prices, slower technological progress, and worse industrial performance for the sake of…I’m not sure what. Perhaps the conservative movement’s cultural grievances? Or Trump’s odd ideological fixations?

In any case, Trump has long made his disregard for affordability and economic growth........

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