Republicans and President Donald Trump want credit for what he has called “the largest tax cut in the history of our country” for the income tax cuts in his One Big Beautiful Bill Act.

The cost of living continues to increase for Americans at a time when the job market appears to be on shakier footing, creating a complicated economic problem that could be tricky to solve.

Since President Trump returned to office, more than 300,000 Black women have lost their jobs, while unemployment for them has shot up from 5.4% to 6.7%. “This structural inequality among Black women will eventually create a huge deterioration in the entire economy as they don't consume as much … [and] this contagion, I believe, will spill out throughout the entire economy,” says Democratic Congresswoman Gwen Moore of Wisconsin. New School Economics Professor Darrick Hamilton warns: “The adage ‘Black people are the first fired, last hired’ is indicative of what might come for the rest of us.”