June 28 2024
No amount of gaslighting from Crooked Joe can undo the harm Bidenomics has done to hardworking Americans:
- Since Biden took office in January 2021, prices have risen by over 20%. The average U.S. household now has to spend an additional $13,021 every year just to make ends meet.
- Joe Biden wants to repeal the Trump Tax Cuts and raise taxes on hardworking Americans.
- Since he took office, Biden’s inflationary policies have robbedthe average household of a staggering $25,920.
- A gallon of unleaded gasoline is over 55% more expensive.
- Hotels cost nearly 54% more.
- Car insurance payments are nearly 52% higher.
- A car or truck lease costs over 46% more.
- Auto repair costs nearly 41% more.
- Egg prices are up over 40%.
- Plane tickets are nearly 40% more expensive.
- Tickets to sporting events cost 34% more.
- Electricity bills are 29% higher.
- Baby food and formula is 28% more expensive.
- Public transportation costs over 27% more.
- Pet food costs 23% more.
- Dining out is 22% more expensive.
- Grocery costs are up over 21%.
- Rent is up 21%.
- When adjusted for inflation, average weekly earnings for Americans dropped by nearly 4% under Joe Biden. Under President Trump, they grew by over 8%.
- Nearly four-in-five Americans are living paycheck-to-paycheck.
- Total household debt has reached a record $17.7 trillion under Joe Biden.
- The amount of credit card debt held by Americans is up nearly 42% since January 20, 2021.
- The number of Americans who are seriously delinquent on their credit card payments is at its highest level since 2010.
- The percentage of Americans who have become seriously delinquent on their auto loan payments has soared nearly 73% since Biden took office.
- The American Dream of owning a home has become a nightmare, thanks to Joe Biden:
- NPR recently reported that home prices have risen “a whopping 47%” since 2020, putting homeownership out of reach of millions.
- The typical salary needed to own a home has jumped to $106,500, an 81% increase from four years ago.
- Thanks to Bidenomics, the 20% down payment is a thing of the past: buyers now need to put down 35%, or an average of $128,000, to purchase a home.
- Home affordability reached its lowest level in four decades last year.
- The 30-year fixed rate mortgage average skyrocketed nearly 150% since Joe Biden took office.
- Biden's proposed budget for FY2025 includes $5.3 trillion in tax hikes on individuals and businesses, which is projected to lower wages by 1.1% and kill 666,000 jobs.
President Trump stimulated a historic economic boom once before, and he's the only candidate who can do it again:
- President Trump signed the Tax Cuts and Jobs Act, the largest tax reform package in history into law—lowering taxes for all Americans and benefiting the working and middle classes the most. Filers earning less than $50,000 a year saw a tax cut of up to 26%, while filers earning less than $100,000 saw a tax cut of up to 17%.
- President Trump left office with the inflation rate at 1.4%. In fact, inflation during Trump’s term never went above 2.9%. Average inflation during Trump Presidency: 1.89%.
- Real median household income reached a historic high of $78,250 under President Trump. Real median household income increased 6.34% during the Trump Administration.
- President Trump presided over a 19% decline in food stamp rolls, or 8.5 million people—a federal savings of $11 billion.
- President Trump’s economic policies lowered the percentage of people living in poverty by 15% during his administration.