White House staff are hoping President Donald Trump’s executive orders will start delivering visible results in the new year, because the broader economic agenda is still being developed.
NOTUS reported Friday that a senior White House official said they have a “whole list” of plans; however, they are "still under development."
Trump is headed to a newly drawn North Carolina congressional district on Friday to tout his "affordability tour." The Associated Press reported that voters there are feeling the squeeze.
“Having to pay bills, if you happen to pay rent and try to do Christmas all at the same time, it is very, very hard,” said Daijah Bryant, who noted she'd just worked 22 days straight.
“Everyone would love immediate gratification, but that’s just not how it works,” a senior White House official told NOTUS. “It’s going to take some time.”
It's a sharp turn after Trump's campaign promise to Americans that, on "day one," he would end inflation and cut prices.
“Starting on day one, we will end inflation and make America affordable again, to bring down the prices of all goods," Trump told a Montana audience in Aug. 2024.
“Under my administration, we will be slashing energy and electricity prices by half within 12 months, at a maximum of 18 months," he promised at a North Carolina rally the following week.
In the same speech, he pledged, “Prices will come down. You just watch: They’ll come down, and they’ll come down fast, not only with insurance, with everything."
Forbes detailed 20 signs that the affordability crisis persists and Trump hasn't delivered. They include high energy costs, food costs, housing prices, insurance increases and utilities, to name a few.
However, Trump continues to claim the affordability crisis is a "hoax." “Everything else is falling rapidly, and it’s not done yet, but boy, are we making progress,” Trump said Wednesday in the Oval Office.According to NOTUS, "the White House is hoping that while the larger plan takes time to bake," the Trump executive orders will magically make life more affordable and ease economic pain.
Another plan in the works, according to former Heritage Foundation economist Stephen Moore, is to eliminate the capital gains tax, which is the tax on profits people get when they sell their home.
Moore agrees that staying the course and waiting for things to improve is the best plan.
“I think that the best strategy is just keep doing the right thing on the economy, keep cutting taxes, cutting regulation, reducing waste in government, producing more energy,” Moore said. “All those things eventually will turn the tide.”
