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Fox Business personalities acknowledge that high gas prices are wiping out Americans' tax refunds

As the president’s approval rating crisis compounded earlier this month, the White House attempted to tout his tax cuts, with Press Secretary Karoline Leavitt claiming on Tax Day that they put “a historic amount of money” into the pockets of the American people. But some Fox Business personalities are pointing out that those gains have been offset by the higher energy costs caused by Trump’s war with Iran. Reuters reported that increased prices …

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Media Matters for America broke the news on Tuesday, April 28, 2026.
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