New Data: Trump-Vance Affordability Crisis Has Cost Virginia Families $3,200+ For Goods and Services

WASHINGTON, D.C. – U.S. Senators Mark R. Warner and Tim Kaine (both D-VA) are highlighting a new congressional report showing that Virginia families have had to pay at least an extra $3,200 because of rising costs of goods and services on the Trump-Vance Administration’s watch. “As if it weren’t bad enough that President Trump broke every promise he made to the American people to lower costs, the Trump-Vance Administration has actively made the affordability crisis worse by starting illegal wars and imposing chaotic tariffs on allies. This latest data is damning – paying $3,200 extra for goods and services may be pocket change to President Trump and his cronies, but not to everyday Americans,” said the senators . “Everywhere we go throughout the Commonwealth, we hear the same thing: Virginians cannot afford this Administration’s disastrous policies. We’ll keep fighting every day to lower the cost of putting food on the table, filling up your car at the pump, and keeping the lights on.” This new report finds that Virginians and people across the country have incurred increases in costs of everyday goods and services since President Donald Trump took office. Highlights include: Virginians have incurred nearly $700 more in housing costs , including rent and mortgage payments, since Trump took office. Average grocery prices are more than 4 percent higher than under the previous Administration, with Americans paying $310 more for groceries in 2025 than in the previous year. Beef now costs a record-high $7+ per pound , and coffee is now nearly $10 per pound . Virginians overall have paid an additional $2 billion for gas since the start of Trump’s war of choice in Iran. This comes out to just over $700 extra spent on gas for the average Virginia family . Virginians are projected to have spent $211 more on electricity in the first half of 2026 than in the first half of 2024 . In 2025, Virginia families spent $170 more on electricity than before Trump took office. Because of Trump and congressional Republicans’ refusal to extend Affordable Care Act (ACA) tax credits, monthly health care premiums through the ACA skyrocketed by more than 50 percent in 2026 compared to last year, with deductibles increasing by more than $1,000 on average. The full national report from the Joint Economic Committee – Minority can be found here , with Virginia-specific data available here and congressional district-specific data available here . Warner and Kaine have been vigorously and vocally fighting against the Trump-Vance Administration’s catastrophic economic policies and the consequences for Virginia families. In February, the senators introduced the Tariff Refund Act of 2026 , legislation that would require U.S. Customs and Border Protection (CBP) to quickly refund Trump’s illegal tariffs and prioritize the interests of small businesses when doing so. Warner and Kaine have highlighted how the Administration’s war of choice in Iran – which the senators are working tirelessly to bring to an end – has been pummeling everyday Americans at the gas pump. The senators have also sounded the alarm about the destructive effects of Trump and congressional Republicans’ budget megabill, including making children go hungry to pay for tax cuts for billionaires. ###