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TAX BREAK? FORGET IT: High Prices Offset The Few Tax Breaks Working Nevadans Were Promised

By April 15, 2026No Comments

Today marks Tax Day, and Donald Trump is scheduled to visit Nevada this week in a desperate attempt to hype up his big, ugly tax bill he signed into law last year. But Americans and Nevadans aren’t fooled. Everyone except the wealthiest of the wealthy has been harmed by Trump’s disastrous agenda. Inflation is surging to its highest level in nearly two years, oil and gas prices went up 30% and 20% in March alone, and health care costs are skyrocketing. Just 18% of Americans expect to pay less in taxes this year, and the IRS estimates that average refunds are increasing by just $346 this year. The average Nevada household would need a tax refund of at least $2,676 just to offset Trump and Republicans ripping away Affordable Care Act tax credits and hiking the cost of health care, spiking gas prices with their war in Iran, and raising prices through tariffs – nearly eight times the expected increase this year. Read more about how much Nevada households would need in tax breaks to offset Trump’s affordability crisis:

 

  • Americans Know Trump Isn’t Lowering Their Tax Burden. New Navigator polling shows just 18% of Americans expect to pay less in taxes this year. A majority of service industry workers – who comprise over a quarter of Nevada’s workforce – continue to oppose the Trump-GOP tax bill passed last summer.
  • Trump’s Tax Refund Won’t Offset Skyrocketing Health Insurance Premiums. For a young couple living in Henderson, Nevada making the median household wage of $83,781 year and buying insurance through the Affordable Care Act (ACA), annual costs are rising by at least $1,236 – more than three times the average tax refund boost. ACA plans ranged from $590 to $916 a month for 2025. After Trump and Republicans ripped away ACA tax credits for working families, ACA plans now range from $693 to $1,192 a month for 2026.
  • Trump’s Tax Refund Won’t Offset the Massive Cost of His Tariffs. Trump’s disastrous tariffs cost the average American household $2,120 in 2025, and are estimated to cost Americans $2,500 in 2026 if Trump re-imposes tariffs overturned by the Supreme Court. Even if his tariffs stay overturned, Trump’s remaining tariffs will increase household costs by around $600 in 2026 – nearly twice Trump’s tax refund increase.
  • Trump’s Tax Refund Won’t Offset the Spike In Gas Prices Caused By His War With Iran. Nevadans are paying roughly $84 more a month at the pump thanks to Trump’s war in Iran – with no relief in sight. This $840 increase in the price of gas by the end of the year would more than double Trump’s tax refund for Nevadans.

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