July 13th, 2026NEW DATA: Trump’s Tax and Tariff Actions to Cost New Mexico Workers Hundreds of Dollars in 2026

WASHINGTON – U.S. Senator Martin Heinrich (D-N.M.), a member and former Chairman of the U.S. Joint Economic Committee (JEC), released a statement reacting to a new report from JEC Democrats that finds that New Mexico workers will lose hundreds of dollars in 2026 from the combined impact of President Trump’s tariffs and Republicans’ Big, Bad Bill. “New Mexicans are feeling a major economic strain on their budgets. This report helps compile that impact, making clear just how much President Trump’s war, tariffs, and economic policies are driving up costs for New Mexico workers,” said Heinrich. “Teachers, sheet metal workers, firefighters, truck drivers, nursing assistants, and countless other hardworking New Mexicans are paying more for gas, groceries, and other everyday essentials because of Trump’s reckless decisions. I’ll keep holding this administration accountable, calling attention to the real toll these rising prices are taking on working families, and pushing for solutions that bring down costs and provide meaningful relief.” The report finds that under Trump’s tax and tariff policies: Security guards will lose around $890 Home health aides and nursing assistants will lose around $860 Retail sales workers will lose around $800 Assembly and manufacturing workers will lose around $580 Grade school teachers and sheet metal workers will lose around $280 Fire fighters and truck drivers will lose around $270 Read the full JEC report here . For more information on Heinrich’s actions to hold President Trump accountable for his illegal, costly, and reckless war on Iran, click here . For more information on Heinrich’s work to combat President Trump’s tariffs and lower the cost of groceries and everyday essentials, click here . For more information on Heinrich’s work to lower energy costs for New Mexico families, click here. As New Mexico’s senior senator, Heinrich has repeatedly pressed the Trump administration to reverse policies that raise electricity prices and everyday costs for working families, including through hearings, oversight letters, roundtables, and direct engagement with Trump administration officials: Last month, Heinrich, as Ranking Member of the U.S. Senate Energy and Natural Resources Committee, hosted a roundtable to discuss how the Trump administration’s policies, including the war with Iran, have driven up energy costs for families, consumers, communities, and small businesses. Additionally, Heinrich hosted a roundtable with local small business owners, Roadrunner Food Bank, and Women’s Economic Self-Sufficiency Team, Corp. (WESST) to discuss how President Trump’s global tariffs and war with Iran are making gas, groceries, and everyday essentials more expensive for New Mexico families and businesses. Heinrich also wrote to the CEOs of the six biggest U.S. airlines seeking information on the current economic conditions of the airline industry as President Trump’s war in Iran continues, requesting that the airlines detail their plan to address rising jet fuel costs, and whether companies will cap or reduce executive compensation to help offset rising costs. Last August, Heinrich hosted a roundtable discussion on how the Trump Administration is killing jobs and raising New Mexicans' utility bills as a result of Trump’s Big, Bad Bill. Heinrich blasted Republicans’ Big, Bad Bill immediately after the text was unveiled, warning that “the impact is electricity bills will go up.” Throughout the reconciliation process, Heinrich stood up for New Mexico families , released a report that outlined the negative economic impact of the Big, Bad Bill , grilled the U.S. Energy Secretary over Trump’s plan to gut funding for energy programs that ensure working families have access to affordable, domestic sources of energy , pushed to amend the Big, Bad Bill – for over 27 hours – by repeatedly voting to lower energy costs for families , and voted against the reconciliation bill. ###