Former House Speaker Nancy Pelosi criticized Republicans over rising costs, tax policies benefiting wealthy Americans and billions of taxpayer dollars spent on President Donald Trump’s military campaign against Iran.
Pelosi Targets Trump and GOP
On Monday, Pelosi took to X to accuse Republicans of prioritizing wealthy Americans and powerful interests while shifting the financial burden onto working families.
“Republicans are making you pay more so the rich and powerful can cash in,” Pelosi wrote.
She pointed to “skyrocketing costs” and “tax breaks for the wealthy.”
She also criticized the Trump administration’s military actions against Iran, alleging that “billions of taxpayer dollars” were being spent on Trump’s “war of choice.”
“Working families are paying the price while Trump and his donors reap the rewards,” Pelosi added.
Democrats Target Trump Over Costs
Earlier, Rep. Ted Lieu (D-Calif.) said gas, grocery and utility prices had risen while the administration focused on projects bearing Trump’s name, warning that “November is coming” ahead of the 2026 midterm elections.
Sen. Elizabeth Warren (D-Mass.) cited July labor-market data, saying 23,000 jobs had been lost and wage growth was at its slowest pace in five years.
She argued that rising costs were shrinking workers’ purchasing power and said, “Families are getting squeezed.”
Sen. Mark Kelly (D-Ariz.) criticized Republican health care proposals, calling for lower costs and expanded coverage. He accused Republicans of “gutting healthcare programs to give handouts to billionaires.”
Gov. JB Pritzker blamed Trump’s tariffs and the Iran war for higher grocery, gas and medication costs.
He contrasted federal policies with Illinois measures aimed at reducing household expenses, including efforts targeting fees, gas taxes, sales taxes and insurance prices.
Iran War’s Economic Toll
The Iran war continued to pressure the global and U.S. economies through higher energy costs, travel expenses and military spending.
Oil prices had briefly neared $120 a barrel before easing, while U.S. stocks later recovered from their initial declines.
Earlier, the Pentagon estimated the war had cost $37.5 billion and sought nearly $67 billion to $70 billion more in supplemental funding.
Moody’s economist Mark Zandi estimated the conflict had cost U.S. consumers $100 billion, or about $750 per household, warning that higher energy costs were putting increasing pressure on lower-income families.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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