Here's what they found:
- Under President Trump the average family gained ten times more income than under Joe Biden. Every income group did better under Trump than Biden — by a wide margin.
- Real median household income grew ten times more under Trump ($6,400) than under Biden ($550).
- Real median household income grew more in Trump’s first four years in office ($6,400) than it did in Obama’s eight years in office and Biden’s one term in office combined ($5,550).
- Income for lower-income Americans (the income cutoff to be in the bottom 25%) ROSE by $3,959 under Trump and fell under Biden (-$170). The Biden policies made the poor slightly poorer because of the high inflation over that (2020-2024) period.
- The lowest income category of Americans had the largest gains of income under Trump. The bottom 25% gained 10% in income, the median household gained 8% and the richest 25% gained 7%.
I testified before the Joint Economic Committee of Congress on the effects of the Tax Cuts and Jobs Act of 2017. The numbers were impossible to argue with, and Democratic members of the committee didn’t try to dispute them. And the Trump administration’s deregulatory efforts also strengthened economic growth and personal incomes.It'll be interesting to see the numbers from Trump's second term.
Liberals purport to be puzzled by the swing of middle and working class voters to the GOP. There is no mystery: millions have learned from their own experience that conservative policies work better, for them, than liberal policies.
Liberal policies are great for thin slices of the elite population and for some welfare recipients and public employees, and bad for pretty much everyone else.
