"Some Republicans already fear inflation could cost them dearly in the 2026 midterms, warning Trump has only a few months to reset his trajectory on voters' most important issue. For a president whose credibility on the economy has always been his strongest asset, the prospect of the bottom falling out is uniquely dangerous. State of play: Trump's approval rating on inflation and cost of living currently sits at -24, nearing Biden's lows during the peak of the 2022-23 price surge."
"Zoom in: Poll after poll shows Trump's Big Beautiful Bill - which extended his 2017 tax cuts while slashing Medicaid and other safety net programs - is the most unpopular major piece of legislation in years. Trump campaign officials acknowledged the PR crisis in a closed-door briefing on Capitol Hill this week, where they urged Republicans to refer to it as the 'Working Families Tax Cut Bill.'"
Rising inflation and worsening economic sentiment are damaging Republican standing ahead of the 2026 midterms. Trump's approval on inflation and cost of living sits at -24, with overall economic favorability at -13, and 52% of adults saying the economy is getting worse. The 'Big Beautiful Bill' extended 2017 tax cuts while cutting Medicaid and other safety net programs and is deeply unpopular; campaign aides suggested renaming it the 'Working Families Tax Cut Bill.' The Congressional Budget Office finds the poorest 25% lose under the law while the richest gain. Trade-policy disruptions are raising risks of shortages and a rocky holiday season.
Read at Axios
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