Republicans clash over economic fixes as election nears

  • Republicans are divided over proposals to address economic concerns before the midterm election.
  • President Trump proposed $5,000 payments for every U.S. adult if Republicans win.
  • The Senate has three weeks and the House one week scheduled before lawmakers campaign.

Republicans are divided over how to improve their weak economic polling less than two months before Election Day, with voter concerns about high costs threatening GOP candidates in November. President Trump’s proposal to give every U.S. adult $5,000 if Republicans win the midterm election has drawn opposition across the party. Senate Commerce Committee Chair Ted Cruz supports the idea only if it is structured as a tax refund for people who work and pay taxes, while Senate Appropriations Committee Chair Susan Collins calls it extraordinarily costly. Other proposals include advancing the stalled farm bill, capping credit-card fees, expanding E15 gasoline sales, suspending the 18-cent federal gas tax and sending rebates to working Americans. Most face limited time or Republican resistance. Gasoline averaged $4.30 a gallon, inflation was running at 3.4 percent annually against 3.1 percent wage growth, oil was near $100 a barrel, and an Economist/YouGov poll found 64 percent of Americans dissatisfied with the economy. Republicans also disagree over Trump’s economic interventions, including 300,000 metric tons of beef imports and Treasury Secretary Scott Bessent’s bond-buying effort, while concerns about $40 trillion in national debt and a projected fiscal 2026 deficit above $2 trillion add to the policy dispute.

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Republicans clash over economic fixes as election nears - CoinPost Terminal