Source: Future of Freedom Foundation
by Laurence M Vance
“This year’s [Social Security] COLA was 2.8 percent — the fifth straight year of a COLA at or above 2.5 percent. The COLA was called a ‘Trump bump’ because Trump’s tariff increases led to increased prices on certain goods, which increased the CPI-W, which increased the COLA. Retirement analysts are expecting an even larger ‘Trump bump’ next year due to the tremendous increase in fuel prices due to Trump’s war in Iran. … These ‘Trump bumps’ are nothing more than welfare increases that will be eaten up by inflation, higher premiums for Medicare Part B (which are deducted from Social Security checks), and taxes on Social Security benefits.” (06/17/26)
https://www.fff.org/explore-freedom/article/trump-bump-is-a-welfare-increase/