Dallas

DNC Says Texas Wallets Getting Squeezed by Inflation and Tariffs

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Published on February 24, 2026
DNC Says Texas Wallets Getting Squeezed by Inflation and TariffsSource: Google Street View

As President Trump prepares to deliver his State of the Union address tonight, Democrats are trying to make sure Texans are watching their wallets. A Democratic National Committee scorecard sent to Texas media outlets sketches a bleak economic backdrop, warning that rising prices, manufacturing job losses and policy changes could put millions of families in the state under added financial strain. The timing puts those figures in circulation just as the president makes his case on the economy to a national audience.

What the DNC packet claims

The DNC's one-page scorecard, shared with reporters ahead of the speech, stacks up a list of state-level hits: smaller paychecks once inflation is factored in, weaker purchasing power because of tariffs, and big numbers of health coverage and food assistance recipients who could be exposed if federal rules shift. The materials, reflected in local coverage, cite figures such as roughly 3.7 million Texans using Affordable Care Act premium tax credits and an estimate that 1.5 million Texans could lose some or all SNAP benefits under current proposals. According to the San Antonio Current, the DNC says it is drawing those claims from federal labor and program data.

National polls add pressure

The state-focused warnings land on top of rough national polling numbers. A recent Washington Post-ABC News-Ipsos survey finds roughly 60 percent of Americans disapprove of Mr. Trump's performance, with large majorities saying they are unhappy with his handling of inflation, tariffs and immigration. Democrats have pointed to those results as evidence that economic unease is already widespread, arguing that the Texas packet simply puts local detail on a national story. The Washington Post published the survey and its underlying data.

Marketplace coverage and premium risk

On health care, the DNC packet warns that the expiration of enhanced premium tax credits would land hard in Texas. The memo says millions of Texans relied on those subsidies last year and cautions that marketplace premiums could spike for enrollees if the extra help is allowed to lapse. Independent reporting and health policy analysis echo the broad concern. Nearly 4 million Texans enrolled in marketplace plans in 2025, and groups such as KFF and the Center on Budget and Policy Priorities have modeled steep premium increases and coverage losses if the enhanced credits expire. For a closer look at how those changes could reverberate in Texas, the Center on Budget and Policy Priorities outlines the state-level exposure.

Jobs, tariffs and pocketbooks

The packet also leans on the labor market. It notes that Texas' unemployment rate has edged higher since the president returned to office and says the state has shed manufacturing jobs over the past year. Federal data from the Bureau of Labor Statistics show modest movement in the unemployment rate during that period, which Democrats use to frame their argument that the recovery is softer than advertised. On trade, the memo highlights how tariffs have filtered through to everyday costs, citing local businesses that say higher import prices are squeezing their bottom lines and, in some cases, getting passed along to consumers. Local reporting by Axios San Antonio has detailed how those tariffs are raising costs for Texas importers and manufacturers.

Local reaction and politics

Democrats are using the packet to argue that the administration's agenda tilts toward the wealthy while leaving working families to absorb higher costs. Statements from DNC leaders circulated with the materials frame the numbers in those terms, and that message has been echoed in local coverage and by Democratic operatives who say the figures should shape how tonight's speech is received. In a party release and accompanying documents, the DNC points to trends in premiums, coverage and basic costs as evidence that Texas households are being left exposed.

What to watch tonight

All of this sets up a likely clash over economic storytelling in the House chamber. The White House is expected to push back on the DNC framing, and reporters are likely to press the president on tariffs, marketplace premiums and any specific steps he says he will take to soften the risks identified by Democrats and outside analysts. For Texans, the practical question is whether the rhetoric will be followed by moves that ease premium pressure, shore up food assistance or address manufacturing job losses in key pockets of the state. Whatever comes next, the DNC packet and independent analyses underline that changes to subsidies, trade policy or safety net rules would have measurable effects across Texas.