August 19, 2024 Only President Trump Can Bring Our Economy Back On Track Recent News

Only President Trump Can Bring Our Economy Back On Track | News | Donald J. TrumpTEXT TRUMP TO 88022Skip to main contentContributeShopPlatformNewsEventsGet InvolvedTrump Force 47Protect The VoteContributeShopBack to NewsOnly President Trump Can Bring Our Economy Back On TrackAugust 19, 2024FacebookTwitterPresident Donald J. Trump will lay out his agenda today to unleash American energy and lower costs for American families.  Under President Trump, for the first time in 70 years, our nation achieved energy independence and was on the verge of global energy dominance.  Under President Trump, the typical family of four was saving $2,500 a year in lower energy prices thanks to the shale oil and gas revolution alone.  President Trump believes that by unleashing American energy, we can once again make American energy and electricity the most affordable and reliable in the world. Kamala Harris, on the other hand, wants to make life as difficult as possible for Americans. The price of gasoline has increased by 50% and if Kamala had her way she’d ban gas-powered vehicles.  Harris’ war on energy has increased the costs of all goods. Inflation has risen by 20.2 percent since Harris and Biden took office – with Americans still reeling from the lasting effects of inflation. Harris has denied reality and insists “Bidenomics is working.” And in 2025, Harris wants President Trump’s Tax Cuts and Jobs Act to expire. The Trump Tax Cuts benefited millions of hardworking Americans. Nothing would deliver a more crushing blow to American families confronting the burdens of inflation than a large tax hike on their incomes if this tax reform were allowed to expire.  To surge economic growth and confront the cost-of-living crisis without inflationary government spending, President Trump will preserve the individual tax cuts and business tax reforms of the 2017 Tax Cuts and Jobs Act.  President Trump will also insulate our nation from future global supply and inflation shocks by putting American manufacturers on a level playing field with their global counterparts and give the economic space for our most critical industries to grow. Kamala Harris, by contrast, was opposed to the USMCA trade deal that created thousands of auto jobs. PRICES UP 20+ PERCENT UNDER KAMALA HARRISInflation has risen by 20.2 percent since Harris and Biden took office – with Americans still reeling from the lasting effects of inflation.On a year-over-year basis, inflation under Harris and Biden has averaged 5.3 percent – roughly double the level of inflation seen under any of the last four administrations.Groceries are up 21.6 percent, rent is up 22 percent, and electricity is up 31.7 percent since Harris and Biden took office.Car insurance has increased 54.3 percent under Harris and Biden – stinging the 92 percent of American households that own at least one car. Real wages remain lower than when Harris and Biden first took office.Inflation-adjusted average weekly earnings were $397.90 when Harris and Biden took office and are now $382.54 – the BLS adjusts to 1982-1984 dollars – meaning Americans have seen a 3.9 percent pay cut under Harris and Biden.Under President Trump, real average weekly wages rose 8.2 percent.THE COST OF LIVING IS BECOMING INCREASINGLY UNAFFORDABLE Kamalanomics has cost the middle class $2.4 trillion since March 2022, with the average middle-class household losing at least $33,000 in real wealth.Americans have now lost over $4,562 paying higher energy costs since Harris and Biden took office.U.S. average gas prices currently sit at $3.45 per gallon, which is over $1 per gallon higher from when Harris and Biden were inaugurated.Under Harris and Biden, the price of a gallon of gas has been above $3 for 1,190 days in a row.Energy prices have soared almost 30 percent under Harris and Biden, 13 times faster than the previous seven years. Americans need a six-figure salary to afford a typical home in nearly half of U.S. states.AMERICANS’ FINANCES ARE BEING DECIMATEDAmericans are suffering from the lasting effects of Kamala’s historic inflation, with many struggling to pay their debts, save for retirement, or afford rent.Nearly half of Americans consider themselves “broke.”66 percent of Americans worry about covering one month of expenses if they lose their job.Nearly two-thirds of consumers report living paycheck-to-paycheck, up 8 points from last year.AMERICANS ARE NOT HAPPY WITH THE HARRIS-BIDEN ECONOMY84 percent of Americans are about the same or worse off financially compared to a year ago, according to an Economist/YouGov poll.Americans trust President Trump to handle the economy and inflation over Harris by a 14-point margin, according to a YouGov poll.DEMOCRATS’ RESPONSE TO THE INFLATION CRISIS HARRIS AND BIDEN CREATED: MORE INFLATIONARY SPENDINGIn 2021, Harris, Biden and Democrats passed their inflation-fueling $1.9 trillion “stimulus,” which even liberal economists admit fueled inflation.The Harris-Biden administration is touting handouts for new homebuyers that will only increase the cost of housing.The Harris-Biden administration’s proposed $7.3 trillion FY 2025 budget is full of wasteful spending and the largest tax hike in history. HARRIS WANTS TO KILL AMERICAN ENERGYHarris’ 2020 campaign climate plan included ending federal subsidies for fossil fuels. During her 2019 campaign for president, Harris vowed that “on day one” she would "end any fossil fuel leases on public lands” – and that she would do so through “executive action.”Harris said that under her plan, millions of workers in energy jobs will have to “transition” to other industries.In April 2024, the Harris-Biden administration banned drilling in nearly half of Alaska’s petroleum reserves – over 13 million acres.HARRIS HAS UNQUESTIONABLY SUPPORTED ENDING FRACKING, KILLED DOMESTIC PIPELINES, AND UNDERMINED U.S. ENERGY PRODUCTION In her last days as California Attorney General, Harris sued the Obama administration for allowing fracking off the California coast.In 2016, Harris said “I’m very skeptical of fracking.”During her 2020 campaign for president, Harris said “there’s no question, I’m in favor of banning fracking.”Harris said she was committed to “finally putting an end to fracking once and for all.” In 2017, Harris sponsored legislation to ban offshore drilling.Harris joined a California statewide campaign to stop 3,500 square miles of state waters from being opened up to offshore drilling. HARRIS SUPPORTS WOKE CLIMATE PRIORITIES As senator, Kamala Harris cosponsored the radical $93 trillion Green New Deal with Rep. Alexandria Ocasio-Cortez, which estimates show could kill up to 5.2 million jobs and cost an average family $165,000.Harris said she would support eliminating the Senate filibuster to pass a Green New Deal.In the 2020 presidential primaries, Harris said that her Green New Deal is the “most aggressive and progressive.”Harris was the first Democrat presidential candidate to endorse the Green New Deal.Harris described the "principles behind" the radical Green New Deal as "sound and important."Harris: “I support a Green New Deal.”Harris: “We must have and adopt a Green New Deal.”In August 2020, Harris and Rep. Alexandria Ocasio-Cortez (D-NY) introduced the Climate Equity Act, which was praised as “foundational to the Green New Deal.”HARRIS DOES NOT CARE ABOUT HIGH ENERGY PRICES Harris called the record-high gas prices seen under the Biden administration the “price to pay for democracy.”Harris laughed at Americans struggling to afford gas.Under the Harris-Biden administration’s leadership, all 50 states hit new record high gas prices.The Harris-Biden administration  finalized its “strictest-ever rules” for tailpipe emissions, essentially forcing a “de facto electric vehicle mandate” onto America.The average cost of a new electric vehicle (EV) is more than $56,000, according to Kelly Blue Book.Join Our MovementEmail *Zip * Follow UsGo to Truth Social PageGo to Rumble PageGo to Twitter PagePaid for by Donald J Trump for President 2024, Inc.Privacy PolicyTerms & ConditionsPressCareersPowered by NucleusThe appearance of U.S. Department of Defense personnel or other visual information does not imply or constitute DoD endorsement.