AMERICAN WORKERS ARE GROWING THE ECONOMY
- President Trump is committed to rebuilding the economy that Joe Biden and Democrats destroyed when inflation reached 9.1%.
- GDP was recently revised up, indicating the economy is expanding at a stronger pace.
- In September, the economy added 20,000 jobs between manufacturing and construction sectors.
- The economy has added over 1 million private sector jobs since President Trump took office.
- Federal government employment is down by 328,000.
- Since President Trump took office, 1,612,000 native-born Americans have gained employment.
- 1,512,000 native-born Americans have also joined the labor force.
- Unemployment claims recently fell to their lowest levels since July as layoffs remain low.
WAGES AND PAYCHECKS ARE INCREASING UNDER PRESIDENT TRUMP
- Average hourly earnings are up 3.0% from one year ago.
- Thanks to the Working Families Tax Cuts, the average tax refund was up almost 11% from one year ago.
- 97% of Americans received a tax cut this year.
- Because of no tax on tips, overtime, and Social Security, the average tax refund was over $3,400 this year.
- Americans earning $15,000-$80,000 per year are receiving an average tax cut of 15%.
- Average tax refunds were up 24% compared to the four-year average of refunds under Joe Biden.
- In just one year under President Trump, blue-collar workers have made up all the wages they lost under Biden.
- Real earnings for private-sector workers outpaced inflation by nearly $1,400 during President Trump’s first year in office.
TRILLIONS OF NEW INVESTMENTS IN AMERICA ARE CREATING NEW JOBS
- President Trump has secured trillions of dollars’ worth of investments, creating good paying American jobs.
- In September alone:
- Mesabi Metallics announced a $15 billion investment to build a steel plant in Iowa – the largest steel plant in American history.
- Coca-Cola plans to invest $10 billion across the United States by 2030.
- Amazon and Wiwynn will invest $1.6 billion to expand their facility in Socorro, Texas, creating 1,000 jobs.
- Ford will invest $1 billion to build a state-of-the-art paint shop in Kentucky.
- Orders for business equipment recently increased to levels not seen since 2020.
- Shipments of machinery and equipment doubled expectations, signaling the expansion of multiple industries.
- For the ninth month in a row, the manufacturing sector grew.
- Manufacturing employment grew for a third straight month.
PRESIDENT TRUMP IS LOWERING PRICES
- President Trump is bringing down prices after record-high inflation under Joe Biden.
- Core inflation recently dropped and is at the lowest point so far since President Trump took office.
- Many common household staples have all seen prices fall since President Trump took office including flour, white bread, bacon, chicken, pork chops, American cheese, ice cream, strawberries, and eggs.
- Private companies are responding to President Trump’s call to deliver price reductions on everyday goods and services for Americans:
- Walmart has lowered prices on thousands of everyday items.
- Costco dropped prices on many of its most popular Kirkland products.
- Kroger slashed prices on thousands of items.
- Giant Eagle dropped prices by an average of 10% of more than 300 products.
DRUG COSTS ARE FALLING AT HISTORIC RATES
- Thanks to President Trump, prescription drug prices have fallen 2.9% over the last year while over-the-counter medications have dropped 2.0%.
- The drop in drug prices in July was the largest annual decline in over 60 years.
- Last year, President Trump signed an executive order establishing Most-Favored-Nation drug pricing, which forces drug companies to lower prices so Americans can pay a fair price for their prescriptions.
- President Trump demanded leading pharmaceutical manufacturers to outline how they will bring down the cost of prescription drugs to match the lowest price of other nations.
- Americans will now pay the lowest cost for prescription drugs that other nations have been paying.
- Since then, the president has been able to secure deals with 26 major pharmaceutical companies including covering 89% of the brand-name drug market.
- TrumpRx is a direct-to-consumer government website allows Americans to purchase dozens of popular prescription drugs at a discounted price negotiated by the government.
- Americans can print coupons or download them to their phones which can be used at pharmacies for reduced drug costs.
- TrumpRx has already helped Americans save $700 million.
- Last week, President Trump announced Medicaid programs in all 50 states will receive most favored nation drug prices, saving state governments $27.6 billion.
- Medication costs for arthritis, obesity, infertility, and other chronic conditions will all be lowered.
- These deals with major pharmaceutical companies could save the economy $529 billion over the next ten years.
BUYING AND RENTING A HOME IS BECOMING MORE AFFORDABLE
- Median asking rent prices are also down compared to one year ago and have fallen for 37-straight months.
- Median home prices fell 5.8% compared to one year ago.
DEREGULATION IS SAVING MONEY FOR THE AMERICAN TAXPAYER
- President Trump is slashing red tape to help Americans save money.
- The President’s regulatory efforts are expected to save over $5 trillion for American families and businesses.
- This past December, President Trump ended the Biden-era emissions standards which led to higher costs for vehicles.
- This move will save American families $109 billion over the next five years.
- President Trump also eliminated the Obama-era “Endangerment Finding” which allowed unelected bureaucrats to impose trillions of dollars of hidden costs on American families.
- This deregulation action will save American taxpayers over $1.3 trillion.
REPUBLICAN STATES ARE LEADING THE CHARGE
- 16 of the top 20 states with the lowest unemployment rates are led by Republican governors.
- Meanwhile 10 of the 11 states with the highest unemployment rates are led by Democrat governors.
This article originally appeared here.
