"I inherited a nation in crisis with a stagnant economy. His administration has driven down inflation and mortgage rates, along with energy prices. He touted an increase in jobs in the construction sector, the strong stock market, and how the administration lifted a record number of Americans off food stamps with their updated SNAP rules."
"The president added that he and Republican allies delivered the largest tax cuts in American history in their latest budget bill, alongside promises to end taxes on tips, overtime, and Social Security. And he mentioned Trump Accounts, a newly-launched federal investment account for children that will be available in July."
"Throughout his second term, the Trump administration has leaned into affordability issues, especially high prices on consumer goods. The White House has touted budget changes in the One Big Beautiful Bill Act, tax breaks for middle- and higher-income Americans, and a recently-launched TrumpRx prescription platform."
During his State of the Union address, Trump highlighted his administration's economic agenda, claiming to have inherited a nation in crisis and transformed it into a thriving economy. He emphasized achievements including reduced inflation rates, lower mortgage and energy prices, increased construction jobs, and a strong stock market. Trump announced tax cuts described as the largest in American history, promised to end taxes on tips and overtime, and introduced Trump Accounts, a federal investment account for children launching in July. The administration has prioritized affordability issues through various initiatives including the One Big Beautiful Bill Act, tax breaks for middle and higher-income Americans, and a TrumpRx prescription platform. The president also mentioned bipartisan efforts on credit card rate regulations.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]