Trump's press secretary outlines economic actions: 30 regulations cut for every new one, middle-class tax cuts, deregulation of energy, and efforts to lower drug prices and mortgage costs. The administration credits these moves with faster wage growth and lower gas prices.
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But the reality is that President Trump and his administration have done so much.
To lower prices and increase the economic.
Prosperity of the American people. And this President and his team of.
Amazing economic advisors are going to keep.
Working on this issue every single day. In less than 10 short months, President.
Trump signed the largest middle class tax.
Cuts in American history, including no tax.
On tips, overtime and Social Security.
We which will guarantee that next year.
Americans are going to put more money back into their pockets.
The President has completely unleashed American energy.
Dominance to help bring gasoline prices to the lowest in five years.
And we expect them to continue to decrease. And it has also lowered energy costs.
Overall. There is more work to do. But again, the President's deregulatory and pro American energy agenda is absolutely going to continue to drive down prices.
And this, this formula worked in the.
President's first term and we expect that it's going to work again.
And this is key because we know.
Energy costs are the number one driver of inflation. Again. Just look at what Joe Biden did to our energy industry over the past.
Four years of his administration and look.
At what happened to inflation as a result.
Everything became more expensive to lower prescription.
Drug prices and health care costs.
The President has been working around the.
Clock on this issue. He is obsess obsessed with negotiating these good deals on behalf of the American people to bring down pharmaceutical costs and drug costs for Americans. And he has done so on a number of fronts.
You have seen him discuss that in.
The Oval Office several times. To fuel small businesses, lower their costs and incentivize hiring, the Trump administration has already cut 30 unnecessary regulations for every.
New one on the books, which we.
Know will save employers and small businesses across the country thousands of dollars in regulatory burdens. All of these pro Trump policies are working and they will continue to work.
Wages are rising at the fastest pace.
Of the start of a presidential administration in 60 years.
The cost of the typical new mortgage.
Is down by nearly $3,000 per year. There's much work to do.
