Democrats won on affordability. Can they deliver it?

Two business owners, in separate parts of the United States, share a common concern for affordability. Kim Hanks, a hotel, restaurant, and spa owner near Austin, Texas, has had to raise wages for her 300 employees due to escalating grocery and fuel costs. Danny Reynolds, who runs a clothing and bridalwear store in Indiana, simply wants Washington to find consistency in their approach. While Democrats won on affordability in the recent election, the difficult part lies in delivering on these promises.

With Democrats controlling Congress, they aim to tackle the cost of living, which was a primary concern for voters. Healthcare is their priority, and they seek to restore financial assistance that made health insurance cheaper under the Affordable Care Act and reverse Medicaid cuts made by President Trump. Tariffs and energy are the next targets, with Democrats proposing to eliminate import taxes that add thousands of dollars to the cost of groceries, fertilizers, and building materials.

They also want to end the war in Iran, which they associate with rising petrol prices averaging $4.18 a gallon.

Housing is another area of focus, with some Democrats proposing to build four million new homes over the next decade. On taxes, they aim to make billionaires pay more and increase tax credits for families with children. However, these ambitious plans face challenges. Under President Trump, legislation can be blocked by presidential veto, and it would require a two-thirds majority in both the House and Senate to override it.

Additionally, trade policies like tariffs, which have become a significant source of government income, are unlikely to be dismantled easily.

While Democrats may not achieve their desired outcomes immediately, they will scrutinize businesses that pass on the cost of tariffs to consumers, questioning if they are taking advantage of the rebates received. The Senate Finance Committee, chaired by Oregon Democrat Ron Wyden, will aim to assert congressional authority over trade policy and hold key industries accountable.

However, Democrats' ability to claim credit for lower petrol prices will be tested, as the price of fuel will largely depend on developments in the Iran conflict.