It’s The Economy…
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What to Know: Most elections hinge on the economy, and lately, Biden supporters have tried to make the case that the Obama economy was superior to Trump’s economy.
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The TPPF Take: American families saw much larger economic gains during the Trump administration’s more pro-growth economic environment.
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“Census data show that inflation-adjusted median household income increased by 5% to $62,989 in the eight years during the Obama administration whereas it increased by 9.2%, or 84% faster, to $68,703 in just three years during the Trump administration,” says TPPF’s Vance Ginn. “This increase of almost $6,000 in real incomes, which increased for every race, matches the White House’s Council of Economic Advisors estimated increase from the Trump tax cuts and deregulatory efforts. We need more of these sort of pro-growth policies to power us through the recovery of the COVID-induced recession.”