WASHINGTON: US President Donald Trump has cast his economic agenda as a direct relief plan for ordinary Americans, highlighting tax cuts, falling inflation and lower drug prices as key pillars of his administration’s pitch ahead of the midterm elections.
Addressing a House Republican dinner on Wednesday (Local time), Trump said his administration was focused on reducing the cost of living through tax relief and deregulation.
“As we rebuild the greatest economy in history, a top priority must be to bring down the cost of living, ” Trump said.
He said recent data showed easing inflation. “The last three months… inflation was 1.4 per cent, ” he said.
Trump promoted a series of tax proposals, including relief for workers and seniors. “No tax on tips, no tax on overtime, no tax on social security for our great seniors, ” he said.
He framed these measures as part of a broader legislative push. “We passed the largest tax cuts in American history… the great big, beautiful bill, ” Trump said.