The Joint Economic Committee – Minority released a new report on nationwide and state-by-state changes in electricity costs from 2024 to 2025.
WASHINGTON – The Joint Economic Committee – Minority today released new data estimating that families could pay more than $2,500 in tariffs costs this year. Following the Supreme Court’s ruling that the bulk of the President’s tariff agenda was illegal, the administration moved immediately to enact new tariffs that Treasury Secretary Bessent claims will result in “virtually unchanged tariff revenue in 2026.”
The Committee estimated that if tariff revenue stays at the level recorded in January 2026 for the rest of the year, American families will pay more than $330 billion in tariff costs in 2026, an average of more than $2,500 in tariff costs per family. This is substantially higher than the more than $1,700 in average tariff costs that the Committee previously estimated that families paid during the first year of Trump’s second term.
“Despite a Supreme Court ruling that much of Trump’s tariff agenda is illegal, the Trump Administration refuses to provide relief for families,” said U.S. Senator Maggie Hassan, Ranking Member of the Joint Economic Committee. “As American families continue to struggle with high costs, the President keeps choosing to institute new tariffs that will push prices even higher.”
Read the full report on the cost of Trump’s tariffs here.
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Feb 27 2026
NEW REPORT: Senator Hassan Finds That Data Broker Breaches Cost U.S. Consumers More Than $20 Billion
U.S. Senator Maggie Hassan (D-NH), Ranking Member of the Joint Economic Committee, issued a report today on the results of her investigation into challenges with data collection opt-out options at registered data brokers and the cost to Americans from data broker breaches. Data brokers typically collect and sell the personal information of individuals, and if this information ends up in the hands of bad actors – which can happen either through active sales or data breaches – scammers can then use details like Social Security numbers, home addresses, or banking information to develop customized and convincing scams. As detailed in the report, the Committee found that recent data broker breaches cost U.S. consumers more than $20 billion.
Following the Supreme Court’s decision today to overturn Trump’s tariffs, the Joint Economic Committee – Minority released an updated report estimating that American families have already paid more than $1,700 each in tariff costs since President Trump took office.
The Joint Economic Committee – Minority today released a new report that shows that President Trump’s new prescription drug website, TrumpRx, will lead families to spend thousands more on prescription drugs than necessary.
The Joint Economic Committee – Minority today released a new analysis showing that the manufacturing industry lost 108,000 jobs during the first year of President Trump’s second ter
The Joint Economic Committee – Minority today released a new analysis showing that the manufacturing industry lost 108,000 jobs during the first year of President Trump’s second term.
Feb 05 2026
SCAMS ALERT: Ahead of Super Bowl, Senator Hassan Warns Football Fans About Major Sports Scams
U.S. Senator Maggie Hassan (D-NH), Ranking Member of the Joint Economic Committee, released an alert warning consumers about sports-related scams ahead of Super Bowl LX.
U.S. Senator Maggie Hassan (D-NH), Ranking Member of the U.S. Joint Economic Committee, today pressed bondu, a company that makes interactive AI toys for children, for more information on its data security practices following a disturbing report about a security vulnerability that resulted in the public exposure of bondu users’ personal information.
Jan 20 2026
NEW REPORT: During Trump’s First Year, Families Spent Over $1,600 More Because of Inflation
Today, one year since President Trump began his term, the Joint Economic Committee – Minority released a new report finding that during his first year in office, families spent $1,625 more on average due to inflation.