President Donald Trump has said drug prices are falling by as much as 1,500 percent, a mathematical impossibility. He has declared himself “the affordability president,” while dismissing the affordability issue as “a con job by the Democrats.”
Trump also vows that good times are coming. He has predicted that gas prices, which now hover around $3 a gallon, will plummet to $2. He has promised Americans $2,000 refund checks from the revenue raised by tariffs. He has suggested that “in the not-too-distant future,” no one will have to pay income tax.
This flurry of sometimes extravagant claims comes amid a growing Republican fear, fueled by recent election results, that high prices could set the stage for a Democratic sweep in next year’s midterms. So far, there is little evidence that Trump’s urgent attempt to shift the economic storyline is working.
Trump also vows that good times are coming. He has predicted that gas prices, which now hover around $3 a gallon, will plummet to $2. He has promised Americans $2,000 refund checks from the revenue raised by tariffs. He has suggested that “in the not-too-distant future,” no one will have to pay income tax.
This flurry of sometimes extravagant claims comes amid a growing Republican fear, fueled by recent election results, that high prices could set the stage for a Democratic sweep in next year’s midterms. So far, there is little evidence that Trump’s urgent attempt to shift the economic storyline is working.
