Latest news with #CostCoalition
The Star
06-05-2025
- Business
- The Star
Trump critics launch new group to highlight rising costs
NEW YORK, May 6 (Xinhua) -- A bipartisan group of President Donald Trump's critics is launching a new organization, dubbed the Cost Coalition, to highlight Trump's struggle to control rising costs in the early months of his new presidency, reported The Associated Press (AP) on Tuesday. "In 100 days, Donald Trump put the best-performing economy in the world on a crash course toward recession. Trump's tariffs -- the biggest middle class tax hike in modern history -- are making everyday prices skyrocket and wreaking havoc for businesses large and small," said a statement issue by the coalition. "Next up are grossly inflationary tax cuts for the wealthy that will only saddle future generations with staggering debt. Whether you're a Republican, Democrat, or anything else, Donald Trump's agenda is an economic crisis threatening your livelihood and standard of living," it added. The Cost Coalition will push its message through a combination of paid advertising, social media, press interviews and on-the-ground events with small business leaders, veterans and the faith community, according to the report. "The new group enters a political landscape already packed with powerful voices fighting to shape the national conversation little more than 100 days after Trump began his second term," noted AP. "The Republican president vowed to 'end inflation' on Day 1, but he has focused more on immigration, culture wars and exacting revenge against his political adversaries while launching a global trade war that has pushed some costs higher and threatens to send the U.S. economy into recession."
Yahoo
06-05-2025
- Business
- Yahoo
Bipartisan Trump critics highlighting rising costs
A bipartisan group of President Trump's critics is launching a new coalition seeking to counter the Trump administration's messaging on the economy by highlighting rising costs since Trump returned to office just over 100 days ago. The group, dubbed the Cost Coalition, will showcase stories of everyday Americans who say the president's policies are harming them personally and will lift 'up the voices of community leaders who see Trump's financial damage and broken promises firsthand,' according to a press release. 'We support common-sense policies that secure economic opportunity for the middle class, and are outraged at a president who is taking advantage of hard-working families for his own benefit,' the release reads. The group is expected to highlight 'growing economic burdens' — including rising costs of groceries, gas, homeownership, child and elder care — which, according to the group, 'are putting the American Dream out of reach for hardworking families in every state.' The critics are also targeting Trump on his tax plan, workforce cuts through the Department of Government Efficiency (DOGE), his sweeping tariff policies and rollbacks of certain aspects of Biden administration laws like the CHIPS & Science Act and the Inflation Reduction Act. 'The affordability crisis is being worsened by a billionaire president intent on enriching himself at the expense of the Americans he guaranteed he'd help; and by an out-of-touch Congress beholden to the Washington swamp,' the press release continued. The group will be active in Virginia, New Jersey and Pennsylvania in 2025 and expand into other areas in 2026. Their main push will come through social media, press interview, events and paid advertising, per the coalition. Members will also directly 'call out supporters of policies that are increasing prices, inflation, and the national debt, while reducing economic growth.' The group is made of various political operatives and former congressional aides who have worked for both parties and faith and military community outreach staffers. The group includes two communications advisers: Democrat Andrew Bates, who was former President Biden's senior deputy press secretary; and Republican Terry Holt, who served as a spokesperson for former President George W. Bush's campaign and for former House Speaker John Boehner (R-Ohio). 'In 100 days, Donald Trump put the best-performing economy in the world on a crash course toward recession. Trump's tariffs — the biggest middle class tax hike in modern history — are making everyday prices skyrocket and wreaking havoc for businesses large and small,' Bates and Holt said in a joint statement. 'Next up are grossly inflationary tax cuts for the wealthy that will only saddle future generations with staggering debt.' 'Whether you're a Republican, Democrat, or anything else, Donald Trump's agenda is an economic crisis threatening your livelihood and standard of living,' they added. The Hill has reached out to the White House for comment. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to The Hill.
Fast Company
06-05-2025
- Business
- Fast Company
Trump critics are launching a new bipartisan group to put a spotlight on rising costs
A bipartisan group of President Donald Trump's critics is launching a new organization, dubbed the Cost Coalition, to highlight Trump's struggle to control rising costs in the early months of his new presidency. The group expects to be especially active ahead of upcoming elections in Virginia, New Jersey and Pennsylvania, according to preliminary plans shared with The Associated Press this week ahead of a formal announcement. The Cost Coalition will push its message through a combination of paid advertising, social media, press interviews and on-the-ground events with small business leaders, veterans and the faith community. Terry Holt, a former spokesperson to former President George W. Bush and former House Speaker John Boehner, both Republicans, is serving as a senior communications adviser along with Andrew Bates, a former spokesperson for former President Joe Biden, a Democrat. 'In 100 days, Donald Trump put the best-performing economy in the world on a crash course toward recession. Trump's tariffs—the biggest middle class tax hike in modern history—are making everyday prices skyrocket and wreaking havoc for businesses large and small,' Holt and Bates said in a joint statement. 'Next up are grossly inflationary tax cuts for the wealthy that will only saddle future generations with staggering debt. Whether you're a Republican, Democrat, or anything else, Donald Trump's agenda is an economic crisis threatening your livelihood and standard of living.' The new group enters a political landscape already packed with powerful voices fighting to shape the national conversation little more than 100 days after Trump began his second term. The Republican president vowed to 'end inflation' on Day 1, but he has focused more on immigration, culture wars and exacting revenge against his political adversaries while launching a global trade war that has pushed some costs higher and threatens to send the U.S. economy into recession. Trump late last week said on his social media platform that there is 'NO INFLATION' and claimed that grocery and egg prices have fallen, and that gasoline has dropped to $1.98 a gallon. That's not entirely true: Grocery prices have jumped 0.5% in two of the past three months and are up 2.4% from a year ago. Gasoline and oil prices have declined—gas costs are down 10% from a year ago—continuing a longer-running trend that has continued in part because of fears the economy will weaken. Inflation did drop noticeably in March, an encouraging sign, though in the first three months of the year it was 3.6%, according to the Federal Reserve's preferred gauge, well above its 2% target. The Cost Coalition will be led by a team of veteran operatives who played key roles for Kamala Harris' unsuccessful presidential campaign: Republican strategist Austin Weatherford, the leader of 'Republicans for Harris'; Rev. Jennifer Butler, Harris' national faith and engagement director; Libby Jamison, the Harris campaign's national director of veteran and military family engagement; political strategist Leslie Gross, a veteran of the Obama-Biden administration; and George Holman, who served in the Biden administration. A spokesperson declined to say how the new group will be funded, except to say it has 'seed contributions' from some large donors in both parties and will also rely on grassroots donations. As a project of the American Values Alliance, the organization will be set up as a nonprofit with a hybrid political action committee. As such, it won't have to publicly disclose all of its funding sources.
The Hill
06-05-2025
- Business
- The Hill
Bipartisan Trump critics highlighting rising costs
A bipartisan group of President Trump's critics is launching a new coalition seeking to counter the Trump administration's messaging on the economy by highlighting rising costs since Trump returned to office just over 100 days ago. The group, dubbed the Cost Coalition, will showcase stories of everyday Americans who say the president's policies are harming them personally and will focus on 'lifting up the voices of community leaders who see Trump's financial damage and broken promises firsthand,' according to a press release. 'We support common-sense policies that secure economic opportunity for the middle class, and are outraged at a president who is taking advantage of hard-working families for his own benefit,' the release reads. The group is expected to highlight 'growing economic burdens' — including rising costs of groceries, gas, home ownership, child and elder care — which, according to the group, 'are putting the American Dream out of reach for hardworking families in every state.' The critics are also targeting Trump on his tax plan, workforce cuts through the Department of Government Efficiency (DOGE), his sweeping tariff policies and rollbacks of certain aspects of Biden administration laws like the CHIPS & Science Act and the Inflation Reduction Act. 'The affordability crisis is being worsened by a billionaire president intent on enriching himself at the expense of the Americans he guaranteed he'd help; and by an out-of-touch Congress beholden to the Washington swamp,' the press release said. The group will be active in Virginia, New Jersey and Pennsylvania in 2025 and expand into other areas in 2026. Their main push will come through social media, press interview, events and paid advertising, per the coalition. Members will also directly 'call out supporters of policies that are increasing prices, inflation, and the national debt, while reducing economic growth.' The group is made up of various political operatives and former congressional aides that have worked for both parties and faith and military community outreach staffers. The group includes two communications advisers: Democrat Andrew Bates, who was former President Biden's senior deputy press secretary; and Republican Terry Holt, who served as a spokesperson for former President George W. Bush's campaign and for former House Speaker John Boehner (R-Ohio). 'In 100 days, Donald Trump put the best-performing economy in the world on a crash course toward recession. Trump's tariffs — the biggest middle class tax hike in modern history — are making everyday prices skyrocket and wreaking havoc for businesses large and small,' Bates and Holt said in a joint statement. 'Next up are grossly inflationary tax cuts for the wealthy that will only saddle future generations with staggering debt.' 'Whether you're a Republican, Democrat, or anything else, Donald Trump's agenda is an economic crisis threatening your livelihood and standard of living,' they added.
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First Post
06-05-2025
- Business
- First Post
Trump critics launch new group to highlight rising cost
Veteran operatives and ex-officials take aim at President Trump's tariffs, accusing him of triggering recession risks and price hikes while he claims inflation is over. Read on for more details read more A bipartisan group of President Donald Trump's critics is launching a new organisation, dubbed the Cost Coalition, to highlight Trump's struggle to control rising costs in the early months of his new presidency. The group expects to be especially active ahead of upcoming elections in Virginia, New Jersey and Pennsylvania, according to preliminary plans shared with The Associated Press this week ahead of a formal announcement. The Cost Coalition will push its message through a combination of paid advertising, social media, press interviews and on-the-ground events with small business leaders, veterans and the faith community. STORY CONTINUES BELOW THIS AD Terry Holt, a former spokesperson to former President George W. Bush and former House Speaker John Boehner, both Republicans, is serving as a senior communications adviser along with Andrew Bates, a former spokesperson for former President Joe Biden, a Democrat. 'In 100 days, Donald Trump put the best-performing economy in the world on a crash course toward recession. Trump's tariffs — the biggest middle class tax hike in modern history — are making everyday prices skyrocket and wreaking havoc for businesses large and small,' Holt and Bates said in a joint statement. 'Next up are grossly inflationary tax cuts for the wealthy that will only saddle future generations with staggering debt. Whether you're a Republican, Democrat, or anything else, Donald Trump's agenda is an economic crisis threatening your livelihood and standard of living.' The new group enters a political landscape already packed with powerful voices fighting to shape the national conversation little more than 100 days after Trump began his second term. The Republican president vowed to 'end inflation' on Day 1, but he has focused more on immigration, culture wars and exacting revenge against his political adversaries while launching a global trade war that has pushed some costs higher and threatens to send the US economy into recession. Trump late last week said on his social media platform that there is 'NO INFLATION' and claimed that grocery and egg prices have fallen, and that gasoline has dropped to $1.98 a gallon. That's not entirely true: Grocery prices have jumped 0.5% in two of the past three months and are up 2.4% from a year ago. Gasoline and oil prices have declined — gas costs are down 10% from a year ago — continuing a longer-running trend that has continued in part because of fears the economy will weaken. STORY CONTINUES BELOW THIS AD Inflation did drop noticeably in March, an encouraging sign, though in the first three months of the year it was 3.6%, according to the Federal Reserve's preferred gauge, well above its 2% target. The Cost Coalition will be led by a team of veteran operatives who played key roles for Kamala Harris' unsuccessful presidential campaign: Republican strategist Austin Weatherford, the leader of 'Republicans for Harris'; Rev. Jennifer Butler, Harris' national faith and engagement director; Libby Jamison, the Harris campaign's national director of veteran and military family engagement; political strategist Leslie Gross, a veteran of the Obama-Biden administration; and George Holman, who served in the Biden administration. A spokesperson declined to say how the new group will be funded, except to say it has 'seed contributions' from some large donors in both parties and will also rely on grassroots donations. As a project of the American Values Alliance, the organization will be set up as a nonprofit with a hybrid political action committee. As such, it won't have to publicly disclose all of its funding sources. STORY CONTINUES BELOW THIS AD (Except headline, this story has not been edited by Firstpost staff)
