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| | HR0623 | | LRB104 20364 LAW 33819 r |
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| 1 | | HOUSE RESOLUTION |
| 2 | | WHEREAS, President Donald J. Trump's unilaterally imposed |
| 3 | | tariffs have raised taxes on every American and have increased |
| 4 | | the price of practically every purchase families make every |
| 5 | | time they go to the store; and |
| 6 | | WHEREAS, While President Trump continues to lie and claim |
| 7 | | that tariffs are a penalty on foreign nations, a comprehensive |
| 8 | | study of Trump's tariffs conducted by the Kiel Institute for |
| 9 | | the World Economy found that 96% of Trump's tariffs were paid |
| 10 | | by American consumers; and |
| 11 | | WHEREAS, Data from the United States Department of the |
| 12 | | Treasury and Goldman Sachs found that President Trump's |
| 13 | | tariffs cost Americans $159 billion in 2025, a tax of $1,200 on |
| 14 | | every household; and |
| 15 | | WHEREAS, These tariffs have driven the affordability |
| 16 | | crisis, hitting modest-income and middle-income families |
| 17 | | hardest; and |
| 18 | | WHEREAS, President Trump's tariffs took money that working |
| 19 | | families should have been able to invest for retirement, use |
| 20 | | toward making a down payment on a home, or utilize in other |
| 21 | | ways to build long-term economic security, thereby robbing |