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Despite Vows on 'Affordability,' Trump Says 'I Want to Drive Housing Prices Up'
We're not to going create conditions, said the billionaire president who inherited his wealth, "so that somebody that didn't work very hard can buy a home."
Jan 29, 2026
President Donald Trump in recent weeks has vowed to make living in the US more affordable, as polls have consistently shown voters are giving him low marks on both his handling of the economy and inflation.
However, Trump undercut this pledge during a Cabinet meeting on Thursday in which he said he wanted—despite a nationwide housing crisis—to actively make housing even more expensive than it is today.
"Existing housing, people that own their home, we're going to keep them wealthy, we're going to keep those prices up," Trump said. "We're not going to destroy the value of their homes so that somebody that didn't work very hard can buy a home."
Trump: I don’t want to drive housing prices down. I want to drive housing prices up for people who own their homes. You can be sure that will happen pic.twitter.com/9BupkUmXss
— Acyn (@Acyn) January 29, 2026
Trump added that his administration wanted to "make it easier to buy" a house by lowering interest rates, but then reiterated that he wanted to make houses themselves more expensive.
"There's so much talk of, 'Oh, we're going to drive housing prices down,'" Trump said. "I don't want to drive housing prices down, I want to drive housing prices up for people that own their homes. And they can be assured that's what's going to happen."
The implications of the president's remarks were obvious to those concerned about the nation's affordable housing crisis and the struggle of working people trying to get by.
As Melanie D'Arrigo, executive director for the Campaign for New York Health, put it: "54% of Americans struggle to afford housing, and over 770,000 Americans are homeless—and Trump doesn't think those numbers are high enough."
A Fox News poll released on Wednesday found that 54% of Americans think the US is worse off now than it was a year ago, while just 31% say the country is in better shape. Just 25% of voters surveyed said they are better off now than they were a year ago, and more than 40% said that Trump's economic policies have personally hurt them.
Given Trump's already low numbers on economic performance, many observers were quick to ridicule him for his pledge to make existing houses less affordable for prospective buyers.
"Hello Donald this is your political strategist speaking," George Pearkes, global macro strategist for Bespoke Investment Group, sarcastically wrote. "I am advising you today to please keep saying this stuff."
Rep. Teresa Leger Fernández (D-N.M.) argued that Trump's views on housing prices put him well out of touch with most US voters.
"Trump only sees the world as a rich developer," she wrote in a social media post. "He has never, and will never, care about creating affordable homeownership for working and middle class Americans."
Vox writer Eric Levitz posted a not-so-subtle dig at Trump for straying so easily off message.
https://t.co/qnR9wJiaBX pic.twitter.com/zrafC50Bea
— Eric Levitz (@EricLevitz) January 29, 2026
Polling analyst G. Elliott Morris, meanwhile, said that Trump's inability to stay on message was entirely predictable given his notorious unpredictability.
"Trump launched an affordability-focused midterm campaign for Republicans this week, traveling to Iowa to give a speech about how good his presidency has been for the cost of living," he wrote. "That's going about as well as you'd think. Here POTUS is saying he is going to keep housing prices high."
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How Much Federal Income Tax Will Elon Musk’s Tesla Pay on $5.7 Billion in 2025 Revenue? $0
The Trump administration and Republicans in Congress "have allowed a hugely profitable corporation to avoid paying even a dime of federal income tax on their 2025 US profits."
Jan 29, 2026
Tesla, the electric car company led by former Trump administration special government employee Elon Musk, released its annual financial report Thursday, showing that it doubled its yearly income in 2025 over the previous year and brought in $5.7 billion.
The company, whose CEO spent several months rooting out what he claimed was fraud and waste across the federal government, reported "precisely zero current federal income tax" on the billions it made, according to an analysis by the Institute on Taxation and Economic Policy (ITEP).
The group explained that Tesla used accelerated depreciation, reducing the value of its capital assets, while also slashing its tax bill with tax breaks for its executive stock options.
Research and development tax credits netted $352 million in additional tax savings, and the company used "net operating losses stored up from previous years to offset current year income, although it’s hard to know how much of that affects US income rather than foreign income," said ITEP.
Analyzing the financial report, ITEP found that Tesla received over $1.1 billion in federal income tax breaks, paid for by US taxpayers, last year alone—after paying 0.4% of its US profits in federal income taxes over the previous three years.
Over that time period, said ITEP, "the Elon Musk-led company reported $12.58 billion of U.S. income on which its current federal tax was just $48 million... The company reported an effective federal income tax rate of 0.4%. This is a tiny fraction of the 21% tax rate profitable corporations are supposed to pay under the law."
The most it paid in taxes over the past three years was in 2023, when Tesla paid $48 million, at the federal effective tax rate of 1.2%. That was still just a fraction of the $823 million it would have paid if it had paid the federal corporate tax rate. In 2023, the company enjoyed $775 million in tax breaks.
The company's income tax payments worldwide in 2025 totaled $1.2 billion, with more than $1 billion going to China and other foreign governments. Tesla paid $28 million to the US government, "presumably related to tax years before 2025," said ITEP.
The organization noted that the "billion-dollar tax break" enjoyed by Tesla does not appear to be illegal.
However, ITEP said, it illustrates how the Trump administration and Republicans in Congress, by passing changes to corporate tax laws in the One Big Beautiful Bill Act (OBBBA) last summer, "have allowed a hugely profitable corporation to avoid paying even a dime of federal income tax on their 2025 US profits."
The organization warned last summer that special business tax breaks included in the OBBBA, including a reinstatement of bonus depreciation and new international rules, would cost the US government $165 billion in revenue in 2026.
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Schumer Accused of 'Downright Complicity' as ICE Reform Plan Draws Backlash
"With Trump’s ICE murdering our neighbors, kidnapping children, and terrorizing our streets, do Senate Democrats want to be remembered as fighters or as complicit?" asked one advocate.
Jan 29, 2026
Every Senate Democrat, along with a small group of Republicans, voted Thursday to block a government funding package that includes $10 billion for Immigration and Customs Enforcement, setting the stage for a fight over proposals to rein in the agency at the center of US President Donald Trump's lawless and violent mass deportation campaign.
Ahead of the 45-55 vote, progressives voiced concern that Senate Minority Leader Chuck Schumer (D-NY) is on the verge of caving to Republicans and relinquishing critical leverage yet again, pointing to the emerging contours of a deal between the Democratic leader and the Trump White House as the January 30 deadline to avert a government shutdown looms. Senate Majority Leader John Thune (R-SD) has called the ongoing talks "very constructive."
The American Prospect's David Dayen reported Thursday morning that a possible framework under consideration would separate the Department of Homeland Security (DHS) funding measure—which includes $10 billion more for ICE—from the other five appropriations bills currently before the Senate.
A short-term continuing resolution—reportedly as short as two weeks and as long as six—would keep DHS funded at last year's levels as negotiations over ICE reforms continue.
Schumer said his caucus has coalesced around a series of demands, including: a prohibition on federal immigration agents wearing masks, an end to roving ICE patrols, a body camera requirement, and use-of-force polices that align with those of local and state law enforcement.
"Body cameras and new training are not nearly enough to reverse the damage and terror that CBP and ICE have inflicted on our communities."
Dayen noted that while Schumer said Senate Democrats are "united" on ICE reforms, "these asks represent quite a bit less than other demands expressed by senators over the past week."
"Arguably many of these conditions are already part of ICE and [Customs and Border Protection] standards; the problem is a lack of enforcement," Dayen wrote. "Indeed, a new directive sent to ICE agents late Wednesday night instructed them to avoid talking to community members ('agitators,' to use their word) and to only target immigrants with criminal charges or convictions. That would encompass a good chunk of the Schumer demands."
From me: Chuck Schumer's legislative demands for DHS funding are so narrow they almost mirror what ICE/CBP have just announced in Minneapolis. Just as Republicans were conceding the need to negotiate, Democrats pre-negotiated themselves into mush.https://t.co/UoblF3XnLN pic.twitter.com/s5y40PjIjT
— David Dayen (@ddayen) January 29, 2026
Britt Jacovich, a spokesperson for MoveOn Civic Action, expressed skepticism about the Senate Democratic leadership's demands in a statement Thursday, warning that they don't go far enough.
“With Trump’s ICE murdering our neighbors, kidnapping children, and terrorizing our streets, do Senate Democrats want to be remembered as fighters or as complicit?" Jacovich asked. "Body cameras and new training are not nearly enough to reverse the damage and terror that CBP and ICE have inflicted on our communities."
Following Thursday's vote blocking the appropriations package, Jacovich said that "Senate Democrats must continue listening to the pleas from Minnesotans, parents, schoolteachers, clergy, and the majority of Americans who want ICE reined in and hold the line until we can finally unmask these reckless agents, get ICE out of our homes, and bring families back together."
Kate Voigt, senior policy counsel at the ACLU, said lawmakers' vote against the appropriations package "is a testament to the power of the people, who made their voices heard and relentlessly called on their senators to rein in ICE’s abuses."
"Public opinion is firmly against the violence, chaos, and abuse of our rights being inflicted by the Trump-Vance administration’s cruel mass deportation agenda. The American people don’t want to live in Stephen Miller’s dystopian police state," said Voigt. "We applaud the senators refusing to be complicit in these police state tactics. Now we need them to insist on real, enforceable changes to rein in ICE and Border Patrol’s increasingly dangerous immigration enforcement operations. These safeguards aren’t just common sense—they're critical to the integrity of our laws and our freedom."
Despite mounting public pressure and nationwide anger over ICE atrocities—ideal conditions for a bold reform push—progressives are wary of Schumer's ability to secure concrete changes given that, over the past year, he has engineered two Democratic surrenders in high-stakes government funding fights.
Organizer Aaron Regunberg on Thursday shared a new petition—hosted at MoveOn.org—calling on Schumer to step aside as leader of the Senate Democratic caucus.
"Chuck Schumer is poised (again) to throw away Democrats' leverage with a deal that allows ICE weeks of completely unrestrained terror in the streets, so that once public outrage has subsided and Democrats are in a much weaker position, they can (maybe) negotiate some unenforceable reforms that ICE will abide by as much as they've abided by every other law they're currently breaking," the petition reads.
"Because of the incredible organizing of hundreds of thousands of Americans on the ground, and the ultimate sacrifice of heroes like Renee Nicole Good and Alex Pretti, Democrats were finally in a position with real leverage," the petition continues. "To abandon that fight now, as Schumer is doing, is downright complicity. Americans, Democrats, and Renee and Alex deserve so much better. Chuck Schumer must resign."
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After 2 Years of Denial, IDF Confirms 70,000+ Killed in Gaza—But Denies Famine
"The real figure is much higher," said one UK lawmaker. "This is a 'ceasefire' in name only. The slaughter goes on."
Jan 29, 2026
After two years of denial and deception, the Israel Defense Forces acknowledged Wednesday for the first time that over 70,000 Palestinians have been killed in Gaza since October 2023, while continuing to deny the famine Israel caused by blocking humanitarian aid from entering the obliterated strip.
Israeli media including the Times of Israel, the Jerusalem Post, Haaretz, and others reported that the Israel Defense Forces (IDF) accepts the accuracy of the Hamas-run Gaza Health Ministry's (GHM) death toll, which currently stands at least 71,667, with more than 171,000 others wounded and 9,500 missing and presumed dead and buried beneath the rubble of bombed buildings.
"How many years did we spend screaming, with checked and re-checked figures, lists showing names and ID numbers, being told the numbers were completely fanciful despite rigorous, transparent verification, and now the IDF quietly accepts that they were correct all along," Beirut-based journalist Séamus Malekafzali said on X in response to the IDF admission.
Experts—including the authors of multiple peer-reviewed studies in the prestigious British medical journal The Lancet—assert that the actual death toll in Gaza is much higher than reported. Last June, a study published in Nature reported 84,000 deaths in Gaza. Others say the toll could be even higher, with one Economist study estimating between 77,000-109,000 Gazans killed by Israeli forces.
"We should not care what the IDF accepts or not—they perpetrated the genocide," said Jake Romm, the US representative for the Hind Rajab Foundation, which tracks suspected IDF war criminals and is named after a 5-year-old Palestinian girl massacred along with relatives and rescue workers by Israeli occupation forces on January 29, 2024. "Their communications are in service of that project."
"This is, in any event, an admission that will only be used to discredit the real, much higher death toll as the scale of the atrocity becomes known," Romm added.
Israeli academic Ori Goldberg was also skeptical of the IDF's admission, asserting on X: "'Accepts' means that even the vast network of lies no longer holds. If the IDF 'accepts' 70,000, it has killed innumerably more."
While the IDF accepted GHM's death toll, it argued that the famine in Gaza—which officially lasted from August-December 2025, according to the Integrated Food Security Phase Classification, the standard international framework for classifying food insecurity and malnutrition—did not happen.
GHM says at least 453 Palestinians, including 150 children, have died of malnutrition in Gaza since October 2023. The IDF contends that the figure is a mix of lies and misleading reporting about people who had preexisting health conditions before they starved to death.
However, famine experts contend that Israel orchestrated a carefully planned campaign of mass starvation in Gaza.
Throughout the war, Israeli leaders, their supporters abroad, and mainstream US media attempted to discredit GHM casualty figures by casting aspersions upon the "Hamas-run" ministry. This, despite Israeli military intelligence deeming the figures accurate and historical confirmations of their reliability.
"The phrase *Hamas* Health Ministry was used as a slur for years to signal unreliability, even though it was pointed out again and again that its numbers had always held up," noted journalist Jasper Nathaniel, adding sardonically that "I’m sure the 'Pallywood' crowd will be rushing to apologize today."
The International Center for Justice for Palestinians (ICJP) said on social media that "every media outlet that cast doubt over these figures with dogwhistling phrases like 'Hamas-run MoH' is complicit in these killings."
"In truth, the 71,000+ figure is conservative," ICJP added. "Palestinian bodies are buried under the rubble and can't be counted and many more have died from malnutrition due to Israel's deliberate starvation of Palestinians. Different tools, same outcome: Israeli genocide of Palestinians."
In the United States—which has supported Israel's annihilation of Gaza with tens of billions of dollars in armed aid and diplomatic cover including vetoes of numerous United Nations Security Council ceasefire resolutions during both the Biden and Trump administrations—the House of Representatives approved a bipartisan amendment in June 2024 that banned US officials from using State Department resources to cite GHM casualty figures.
The amendment's lead sponsor, Rep. Jared Moskowitz (D-Fla.)—whose all-time top campaign contributor is the American Israel Public Affairs Committee (AIPAC)—contended that “at the end of the day, the Gaza Ministry of Health is the Hamas Ministry of Health."
Former President Joe Biden faced genocide denial accusations for casting aspersions upon GHM reports. President Donald Trump has also said he does not believe that Israel is committing genocide in Gaza.
A senior IDF official told the Times of Israel that the military is in the process of determining how many of the Gaza dead were members of Hamas or other militant groups.
While the Israeli government has claimed a historically low civilian-to-combatant kill ratio in Gaza, classified IDF intelligence data obtained last year during an investigation by Israeli journalist and filmmaker Yuval Abraham of +972 Magazine and Local Call and Guardian senior international affairs correspondent Emma Graham-Harrison revealed that 5 in 6 Palestinians—or 83%—killed by the IDF through the first 19 months of the US-backed war were civilians.
Former Israel Defense Forces Chief of Staff Herzi Halevi—who led the IDF through most of the war—acknowledged after retiring last year that "over 10%" of Gaza's population, or about 220,000 Palestinians, had been killed or wounded as of September 2025.
“This is not a gentle war," Halevi said at the time, "we took the gloves off from the first minute."
Following the Hamas-led October 7 attack on Israel, the IDF dramatically loosened its rules of engagement, effectively allowing an unlimited number of civilians to be killed when targeting a single Hamas member, no matter how low-ranking.
The IDF’s use of massive ordnance, including US-supplied 1,000- and 2,000-pound “bunker buster” bombs capable of leveling entire city blocks, and utilization of artificial intelligence to select targets has resulted in staggering numbers of civilian deaths, including numerous instances of dozens or more people being massacred in single strikes.
Through it all, Prime Minister Benjamin Netanyahu and other Israeli political and military leaders claimed that the IDF, "the most moral army in the world," went to great lengths to avoid harming civilians.
While Israeli leaders scoffed at war crimes allegations, South Africa filed a genocide case against Israel at the International Court of Justice in The Hague. The ICJ, a UN body, subsequently issued multiple provisional orders for Israel to prevent genocidal acts. Israel has been accused of ignoring these orders, and last September a panel of UN experts concluded that Israel was committing genocide in Gaza.
Later, the International Criminal Court issued arrest warrants for Netanyahu and former Israeli Defense Minister Yoav Gallant for alleged crimes against humanity and war crimes in Gaza, including murder and forced starvation.
The killing isn't over. Since a tenuous ceasefire between Israel and Hamas took effect last October 10, Israeli forces have killed more than 500 Palestinians in over 1,200 violations of the truce. Palestinians—mostly children and infants—are also still dying of exposure to cold weather as Israel continues to restrict the entry of aid into Gaza.
"They said Palestinians were exaggerating. Lying. Propagandists," Independent UK Member of Parliament Shockat Adam said on X Thursday. "Now, even the IDF accepts 70,000+ killed in Gaza. The real figure is much higher. This is a 'ceasefire' in name only. The slaughter goes on."
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