Latest Promises In Economy

Donald Trump

Adopt a four-year plan to phase out Chinese imports

Trump has not released a four-year plan to phase out China imports | February 19, 2026

Donald Trump

Create deregulated “freedom cities” on federal land

Despite some outside activity, Trump hasn’t moved to advance ‘freedom cities’ | February 10, 2026

Donald Trump

Put a temporary cap of 10% on credit card interest rates

Trump calls for 10% cap, but legislation hasn’t gone anywhere | January 29, 2026

Donald Trump

Reduce prices for groceries, cars, and other consumer items

Inflation persists for a wide range of items in first year of second Trump term | January 20, 2026

Donald Trump

End taxation on overtime

Overtime pay receives tax break in megabill | July 15, 2025

Donald Trump

Restore the state and local tax deduction (SALT)

Trump megabill temporarily increases state and local tax break | July 15, 2025

Donald Trump

Make interest on car loans tax deductible

Trump megabill includes tax break for car loans | July 14, 2025

Donald Trump

End taxation on tips

Trump’s tax bill includes broad exclusion for tip income. It expires in 2028 | July 14, 2025

Donald Trump

Reduce corporate tax rate for companies making products in the U.S. to 15%

Trump megabill includes benefits for domestic investment, but no corporate rate cut | July 14, 2025

Donald Trump

Provide a middle-class, upper-class, lower-class, business-class big tax cut”

Trump signs extension of 2017 tax law, plus new cuts | July 14, 2025

Donald Trump

Stop China from buying land in the U.S.

New USDA plan seeks to crack down on Chinese ownership of U.S. farmland, advancing Trump’s promise | July 11, 2025

Donald Trump

Create “baby bonuses” for young parents

Trump’s tax bill includes $1,000 bonus for U.S. citizen newborns through 2028 | July 9, 2025

Donald Trump

End taxation on Social Security

Older Americans get a tax deduction, but no elimination of Social Security taxation | July 7, 2025

Donald Trump

Institute a reciprocal tariff policy

The now-paused tariffs Trump touted as reciprocal actually weren’t | April 14, 2025

Donald Trump

Add a 60% tariff on goods from China

Trump blows past 60% tariff promise on China, setting 145% rate | April 11, 2025

Donald Trump

Add a tariff of 10% to 20% to all nondomestic goods sold in America

Despite pausing some tariffs, Trump’s 10% baseline global tariff is in force | April 11, 2025

Joe Biden

Give disadvantaged communities 40% of spending benefits related to clean energy

Independent assessments show mixed results from environmental justice push | December 17, 2024

Joe Biden

Use evidence to determine COVID-19 openings and closings

Biden used evidence for COVID-19 guidance, but experts say other factors likely influenced decisions | December 17, 2024

Joe Biden

Rebuild health stockpiles to be ready for crises

Biden administration replenished medical reserves, funded domestic production | December 16, 2024

Joe Biden

Lower cost of prescription drugs

Joe Biden reduced prescription drug prices, but not by 60% across the board | December 16, 2024

Joe Biden

Award federal contracts to companies that make all products in US

Biden strengthened Buy American rules, but contractors still manufacture outside U.S. | December 16, 2024

Joe Biden

Create a public credit reporting agency

Biden fails to launch a new public credit reporting agency | December 9, 2024

Joe Biden

Make 2 years of community college or a high-quality training program tuition-free

Joe Biden’s free community college plan failed to get congressional support | December 6, 2024

Joe Biden

Increase the federal minimum wage to $15/hour

No national hike for the minimum wage | December 5, 2024