Welch Releases New Data on How Trump’s Economic Agenda Will Hurt Vermont Families

Aug 13, 2025
BURLINGTON, VT–U.S. Senator Peter Welch (D-Vt.),a member of the Senate Finance Committee, today released new data highlighting the impact of President Trump’s economic policies and Republicans’ so-calledOne Big Beautiful Bill Act(OBBBA)on hardworking Vermont families.
The new report reveals that the Trump Administration’s disastrous economic policies will leave 99.5% of Vermont families worse off by an average of $2,120 per year. The Republican bill will also hike health care costs, close rural hospitals, raise energy bill prices, and deny vital nutrition assistance—all to pay for tax cuts for the wealthy. Senator Welchvoted in strong oppositionagainst the legislation.
“Since day one, President Trump has promised to lower costs for American families, but the President’s reckless economic policies haven’t delivered. In fact, they’ve done the opposite. For months, Democrats have sounded the alarm about the Republicans’ disastrous tax bill, which will raise costs for working families. This new data reveals just how much Republican policies hurt working families, leaving nearly every Vermonter worse off by over $2,000 per year,”said Senator Welch. “I’ll continue to push back against Republicans’ ruinous economic policies and work to make life more affordable for Vermonters.”
New data released by Senator Welch reveals the disastrous impact of Trump’s economy on Vermonters:
View and download the full fact sheethereand below:
Senator Welch hasblasted Trump’s tariffsandtradewarandshared storiesfrom constituents about how President Trump’s economic policies have impacted their businesses, farms, and communities. The Senator has hosted roundtables inStowe,Newport,St. Albans,Manchester, andvirtuallyto hear concerns and first-hand stories from Vermont and Canadian leaders impacted by Trump’s economic policies.
Senator Welch championed theCreating Access to Necessary American-Canadian Duty Adjustments (CANADA) Act,legislation to exempt United States-owned small businesses from tariffs imposed on Canada. Ahead of the August 1strestart of Trump’s reckless tariffs, Senator Welch called for a vote on his bill which Senate Republicans blocked in effort to show support for President Trump over small businesses in their states.
The Senator also led a bipartisan resolution toend President Trump’s ruinous global tariffsand supported legislation torestore congressional tariff authority,restrict the Executive Branch’s authority to impose tariffsthrough theInternational Economic Emergency Powers Act,and joined 32 colleagues inchallenging the Trump Administration’s abuse of emergency powersto impose tariffs.
Senator Welch has also repeatedlyslammedRepublicans’ cruel tax bill on the Senate floor. Last month, the Senator introduced theRepealing the Trump Sick Tax Act, legislation to repeal changes to Medicaid cost-sharing requirements and handouts to Big Pharma in the Republicans’ reconciliation tax and spending bill. The Senator also recently joined his colleagues for aspotlight hearingexamining Republicans’ efforts SNAP and joined Planned Parenthood of Northern New England for avirtual roundtablehighlighting the harmful consequences of Republicans’ reconciliation bill for patients.
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