It’s Tax Day in the U.S. and those super-charged tax refunds promised by Donald Trump’s “Big Beautiful Bill” are on the way, right? Well…
As Stephen Colbert pointed out during The Late Show on Wednesday night, while the average individual tax refund will indeed be $748 higher this year due to the Republican-backed bill, the average U.S. household could pay $740 more for gasoline, thanks to the ongoing U.S. war with Iran. So, what’s the difference?
“Let’s see… that is…eight bucks. That’s eight bucks. So congratulations, everybody,” Colbert said. “Eight bucks doesn’t sound like much, but may I remind you that’ll get you eight lotto tickets, which also happens to be Trump’s health care plan.”
Colbert noted one person who’s seemingly not concerned with oil prices and inflation, Trump’s Director of the National Economic Council Kevin Hassett, who told CNBC on Tuesday, “Imagine if oil prices start going back down, because the situation resolves itself somehow, that you could be looking at an inflation close to zero.”
“Yes, the situation might resolve itself somehow,” responded Colbert, in full sarcasm mode. “Until then, all America has to do is use their imagination. My friends, imagine a car made of liquorice somehow, and it somehow runs on dreams, and somehow your best friend is a musical dog and Kevin Hassett isn’t an idiot, somehow.”
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