As voters weigh the economic records of both parties ahead of the midterms, cost-of-living concerns have emerged as a defining issue. Some point to the 40-year high inflation under President Joe Biden while others blame President Donald Trump’s tariff policies and the conflict in Iran.
Democrats fault Trump for high gas prices and other expenses, while voters compare the cost-of-living differences between blue and red states.
As both parties trade blame for rising costs, here is a look at where their economic track records actually stand.
Trump and Biden
Throughout his 2024 campaign, Trump routinely promised to bring down inflation and restore affordability, and before the war in Iran began in late February, headline consumer inflation in the United States had been inching closer to the Federal Reserve’s elusive 2 percent target. …