A sustained spike in oil prices could erase consumers' tax savings from Trump's 'One Big Beautiful Bill,' strategist says
Government
The Iran war has raised oil prices, and a sustained spike could overshadow Americans' tax savings from Donald Trump's " One Big Beautiful Bill ," a strategist said this week. Tavis McCourt, an institutional equity strategist at Raymond James, said he saw one hypothetical bear-case scenario from oil's recent price surge that could levy a big consumer tax on Americans, who are now already higher prices at the pump since the war started. In McCourt's bear case, crude prices sustain a $20-a-barrel
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