Inflation has hurt a lot of people and they look back longingly to Trump's break on taxes and deductions that put very modest but noticeable amount of money in individual and family pockets while giving massive breaks to corporations and banks. Those breaks for us ordinary folks will expire in 2025 while the massive corporate tax breaks will go on forever.
So what did corporate America do when they saw that Americans had a little extra money?...... they raised their prices.
"US economy: what are the 3 main causes of inflation and why does it happen?
Increased prices are being driven in the US primarily by price gouging, profit-price inflation. Companies are using the excuse of increased costs of labour, energy, and materials as an excuse to hike up prices. Wages grew at a 5% rate in 2022, nowhere near the inflation rate for basic necessities such as fuel, which grew in price by a whopping 41%."
Inflation is likely to remain persistent throughout 2023 due to a number of reasons such as price gouging.
en.as.com
Many American's, Republicans, Democrats and Independents, especially those at the mid and lower end of the wage scale are hurting, some quite badly. Inflation has gobbled up every cent of their tax break and increased wages, if their wages increased. I come from a state where whole towns of families lost jobs to the cold reality that corporations can legally declare profitable mills bankrupt, sell off considerable assets, take the mills portable equipment, the workers pensions and severance pay and leave town owing the towns millions in taxes. As soon as the mills left town the pharmaceutical corporations moved in. Joblessness and addiction are the major rural problems, now. The same thing happened to the mining families of West Virginia, Ohio, and Pennsylvania, to the woods products workers in many southern states and in the manufacturing industries of the mid west.
The greed, unmitigated lack of respect for workers and the sociopathic attitude toward society in corporate America is real and it is destructive.