Trump’s tax refund promises collapse under weight of Iran war and rising costs

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Republicans promoted the “One Big Beautiful Bill Act” as an affordability lifeline for working Americans, but economists, retailers, and budget analysts say rising fuel costs tied to the U.S.-Israeli war with Iran and ongoing tariff pressures are rapidly wiping out much of the financial relief.
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Republicans presented the “One Big Beautiful Bill Act” as a financial support measure for working Americans. However, economists, retailers, and budget analysts warn that increasing fuel costs linked to the U.S.-Israeli conflict with Iran and persistent tariff pressures are significantly diminishing the proposed financial relief.