PLUS: CAP’s plans to address the affordability crisis in America ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­    ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  
 

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Center for American Progress

InProgress

from the Center for American Progress

Trump and his allies rake in record profits while Americans foot the bill

The grift and corruption of the Trump administration appear to know no bounds. In recent weeks, reporting has indicated that Truth Social will begin selling premium “early” access to President Donald Trump’s posts on the platform to customers interested in acting upon his market-moving pronouncements prior to public release.

 

As scandalous as the president’s facilitation of insider trading on a digital platform he owns, and for a fee, should be to the American people, it is only the latest example of how President Trump is seemingly more interested in leveraging the power of the presidency for his own gain than he is in safeguarding the country’s national security.

 

CAP researchers have been sounding the alarm on the continuing, unprecedented increase in President Trump and his family’s net worth since his reelection. The scale of this “cashing in” is growing increasingly difficult to ignore and does more than raise concerns about the conflicts of interest inherent in a “for-profit” presidency. It forces questions about who else might stand to benefit as the promise of a more affordable future slips further out of reach for millions of Americans.

TRACK TRUMP'S GAINS IN REAL-TIME

The American people are paying for the Trump administration's failures

A new CAP analysis sheds light on the extent to which the American people are footing the bill for the massive windfalls reaped by the oil and gas industry in 2026.

 

Since the start of Trump’s war of choice in Iran, the average U.S. household has paid an additional $610 in gasoline and diesel costs. On the other end of these price hikes are massive profits accruing to some of the largest oil and gas companies in the world as supply bottlenecks cause fuel prices to skyrocket.

 

The Iran war is historically unpopular as high gas prices borne by the American people push the president’s approval rating to its own all-time low. While the public is vehemently opposed to this war, which will hit its six-month mark on August 28, CAP’s analysis finds that through Q2 of this year five of the top oil companies alone have raked in $65.5 billion in profits:

  • Shell: $16.8 billion, 70 percent higher than at this time last year.

  • ExxonMobil: $18.7 billion, 26 percent higher than this time last year.

  • Chevron: $14.8 billion, 115 percent higher than this time last year.

  • BP: $8.9 billion, 139 percent higher than this time last year.

  • ConocoPhillips: $6.3 billion, 41 percent higher than this time last year.

Read how the Trump administration’s policies are leading to higher fuel costs, while Americans are also struggling with skyrocketing utility bills.

READ MORE

CAP is leading the way toward reversing America's affordability crisis

America must fundamentally change course to root out corruption in the White House (and across the public sector), reverse the increasing cost of living for Americans, and return our federal government’s focus to serving the American people and their families.

 

CAP is leading this charge on a host of issues through the Path Forward series of transformational policy proposals that offer bold ideas to address real issues in Americans’ lives and communities. We are charting a course to affordability across key sectors of America’s economy, including utilities, housing, food, and health care.

Three American flags and the US Capitol are seen at sunset.

Read more about CAP’s plans to combat the affordability crisis:

  • Utilities → CAP’s plan delivers more than $125 billion in residential consumer savings—around $900 per household—over four years, and billions more in savings thereafter, through immediate relief and new investment to lower electricity system costs.

  • Housing → CAP’s plan focuses on federal efforts to build homes and lower housing costs.

  • Food → CAP’s plan keeps price growth in check and cracks down on anticompetitive behavior in the food industry while helping to prevent future price shocks.

  • Health care → CAP proposes delivering near-term relief on premiums, deductibles, and insurance denials.

READ MORE

Sen. Murphy: We must continue to talk about Trump's corruption

Sen. Chris Murphy speaking at CAP event on cryptocurrency regulation and corruption

Photo: Getty Images

On July 22, 2026, CAP hosted Sen. Chris Murphy (D-CT), who emphasized how critical it remains for the American people to hold the Trump administration accountable for the corruption it perpetuates in plain sight.

 

In that same spirit, we’re including Sen. Murphy’s powerful words again for you here to give you the opportunity to share the story of what he calls this administration’s “biggest scandal” far and wide across your community.

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