Institute on Taxation and Economic Policy (ITEP)

November 2, 2026

El Pais: ‘It’s the Inflation, Stupid’: US Voters Sour on the Economy Despite Economic Growth

Media Mention

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The Trump administration’s chaotic tariff policy and the war with Iran have driven up prices and eroded families’ purchasing power, widening inequality. Even so, the United States remains one of the world’s fastest-growing major economies and is expected to stay that way this year and next thanks to the AI boom.

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Author

Steve Wamhoff
Steve Wamhoff

Federal Policy Director