The media is 'flat wrong' about this: GOP lawmaker

Economic Overview - Inflation under Trump was reported at 2.7% in November, marking the largest monthly decline in two to three years, while Biden inherited an inflation rate of 1.4% which rose to 9.1% within a year and a half [1] - The average inflation rate has been cut from 5% to 2.7% under Trump's policies, indicating a significant reduction in consumer costs [1] Consumer Impact - Walmart's CEO reported a 21% decrease in grocery prices for Thanksgiving compared to the previous year, while Amazon's CEO noted that Christmas products will be cheaper this year [1] - Real income for consumers has increased by $1,200, and families are expected to receive the largest tax cuts in history, with average returns projected to increase by $1,000 to $4,000 for a family of four [1] Taxation and Economic Policy - Starting January 1st, there will be no tax on tips, benefiting those living paycheck to paycheck, and 86% of social security recipients will not pay taxes on their income [1] - The economic policies under Trump are positioned as a reversal of Biden's policies, which are criticized for causing record inflation and necessitating interest rate hikes [1] State Comparisons - Oklahoma's gas prices are significantly lower at $1.89 per gallon compared to California's average of over $4 per gallon, illustrating the economic impact of state policies [1] - The discussion highlights that Democrats are perceived to mismanage taxpayer dollars, leading to higher inflation rates under their governance [1]