President Trump Shows Major Progress on Lowering Costs in America — With Even More Relief Coming Soon
Since returning to office, President Donald J. Trump has made one message clear: Lowering Costs in America is his top economic mission. After inheriting what many called a historic cost-of-living crisis, his administration has focused aggressively on reversing high inflation, tackling rising expenses, and putting more money back in Americans’ pockets. Today, inflation is cooling, gas prices are dropping, real wages are rising again, and families are finally starting to feel relief.
But President Trump also emphasizes that Lowering Costs in America is not a one-day job — it’s ongoing work. While Democrats continue to claim they champion affordability, millions of Americans remember clearly that their policies triggered the inflation spike that hurt households nationwide. The Trump Administration says it is committed to repairing that damage and delivering long-term financial relief.
Inflation: Trump’s Plan for Lowering Costs in America Is Working
Inflation was one of the biggest concerns for American families in recent years. Under Biden, inflation averaged nearly 5% and peaked at 9.1% — the highest in four decades. Everyday Americans felt the impact at the grocery store, gas pump, and in monthly bills.
President Trump’s second term has shifted that trend dramatically. Inflation has now fallen to an average of just 2.7%, marking a major step in Lowering Costs in America. For the first time since 2020, the U.S. even recorded an overall decline in prices in several major consumer categories — proof that inflation is finally moving in the right direction.
Wages: Real Income Is Climbing as the Administration Focuses on Lowering Costs in America
One of the most painful parts of Biden-era inflation was the loss in real wages. Americans lost more than $2,900 in purchasing power as prices rose faster than incomes.
Today, that trend has reversed. In President Trump’s second term, real wages have grown nearly 4%, giving workers almost $700 more even after accounting for inflation. Projections show real income could rise by nearly $1,200 within Trump’s first full year back in office. This is a core part of the administration’s commitment to Lowering Costs in America and increasing take-home pay.
Gas Prices: A Major Win for Lowering Costs in America
Gas prices were a major nationwide complaint during the Biden years, reaching all-time highs despite the use of emergency strategic petroleum reserves.
Today, things look very different. Gas prices have dropped to their lowest point in more than 1,600 days. In 36 states, the average price is below $3 per gallon. In 20 states, it’s under $2.75 — and several states even report stations selling gas for under $2. This dramatic drop is delivering billions in savings and accelerating the goal of Lowering Costs in America.
Housing Costs: Affordability Finally Improving
Biden’s term saw mortgage rates hit their highest levels in decades while rents skyrocketed.
Now, the picture is shifting. The average 30-year fixed mortgage rate is down to 6.19%, which is 12% lower than when Trump took office. Shelter inflation has reached a four-year low, and national median rent has declined four straight months. These are encouraging signs for millions of families looking for housing relief and further Lowering Costs in America.
Grocery Prices: Everyday Essentials Are Becoming Cheaper
For months, Americans felt the strain of rising grocery prices. But now, many essentials are finally seeing price drops. Under President Trump, prices for eggs, butter, ice cream, cereal, pasta, fruit, seafood, fish, rice, and ham have all declined. This is another milestone in Lowering Costs in America for everyday households.
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A Whole-of-Government Push to Lower Costs, Raise Wages, and Strengthen the U.S. Economy
The Trump Administration has launched multiple policies focused on Lowering Costs in America, boosting take-home pay, and building long-term economic strength.
Historic Tax Relief
Trump signed into law the largest tax cuts in American history, including:
- No Tax on Tips
- No Tax on Overtime
- No Tax on Social Security
These changes could raise take-home pay by as much as $13,300 for some workers.
Cutting Red Tape
Trump’s deregulation agenda is saving American families an estimated $180 billion — about $2,100 per household — by stopping costly, unnecessary rules that increased the price of appliances and everyday goods.
Economic Growth and Jobs
U.S. companies have invested trillions into domestic operations, bringing jobs back home. Over 1.9 million more American-born workers are employed today than when Trump took office. Workforce participation is at record highs.
Deficit Reduction
Through spending cuts, increased growth, and tariff revenues, the deficit is projected to fall by trillions — strengthening the economy and supporting the long-term mission of Lowering Costs in America.
The Bottom Line: Lowering Costs in America Remains the #1 Priority
The Trump Administration says it will not stop until American families feel full relief from high prices created under prior policies. Progress is happening, momentum is building, and — according to the administration — the best is yet to come for Lowering Costs in America.
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