Sen. Adam Schiff (D-Calif.) is taking aim at the Trump administration, accusing it of handing a massive tax break to big corporations while everyday Americans feel the pinch at the grocery store. In a post on X, Schiff said the administration is "actively helping rich corporations dodge $40 BILLION in taxes" through offshore loopholes, even as families face higher prices from tariffs and cuts to SNAP benefits.

"While Americans struggle to afford groceries," Schiff wrote, the administration is handing out tax advantages to multinationals. He called the offshore tax arrangements "an insult to hardworking Americans being forced to cut back just to make ends meet." Schiff contrasted the situation of consumers, who have "no tax dodge," with corporations that can shift profits overseas to reduce their U.S. tax bills.

Schiff isn't alone in his criticism. Sen. Mark Warner (D-Va.) also alleged that the administration enabled a $40 billion tax benefit for large corporations while Americans continue to struggle financially. Sen. Elizabeth Warren (D-Mass.) said Trump "failed" to deliver on promises to lower costs and cap interest rates, arguing that families are increasingly relying on credit cards and facing rising debt burdens. Sen. Mark Kelly (D-Ariz.) highlighted the financial pressure on Arizona households, saying many are forced to carefully budget basic expenses and urging Washington to treat rising costs as an urgent issue.

The broader economic picture isn't helping. Mark Zandi of Moody's Analytics said the Iran conflict has been pushing inflation expectations higher and warned the Federal Reserve may need aggressive rate hikes, even at the cost of slower economic growth. Former Secretary of State Hillary Clinton said Americans could face worsening affordability by the end of Trump's term, pointing to rising prices for basic goods. Investor Ross Gerber also criticized administration policies, saying they fueled inflation and market instability and argued that voters would ultimately respond at the ballot box.

The debate comes as inflation concerns are rising again, with a recent report showing that six in 10 Americans have put off big purchases due to economic worries. For now, Democrats are hammering the administration on costs and taxes, framing the issue as a choice between helping corporations or helping families.