NCGOP Talking Points 11.12.25

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PRESIDENT TRUMP IS FIGHTING EVERY DAY TO BRING DOWN PRICES

• Since day one, President Trump has fought to clean up the messes of the Biden administration that sent prices and inflation skyrocketing. 

THANKSGIVING PRICES ARE LOWER NOW COMPARED TO A YEAR AGO

• Thanksgiving prices are lower now compared to one year ago.
  • The cost of a Thanksgiving meal has fallen by 2% to 3% this year compared to last year, according to a Wells Fargo Agri-Food Institute report.
  • A Thanksgiving meal from Lidl is almost  $10 cheaper than last year and Aldi’s is  $7 cheaper than last year.
  • A Thanksgiving meal from Walmart is the  cheapest it has been since 2019.
  • Target’s Thanksgiving meal is at its lowest price ever , feeding a group for four for under $20.
  • Schnucks announced  its lowest Thanksgiving turkey price in more than 15 years.
• The wholesale price of a dozen eggs has dropped by 77%, or by $6.31 per dozen, since its March  peak.

PRESIDENT TRUMP HAS LOWERED PRICES AT THE PUMP

• The national average price of gasoline dropped beneath $3 per gallon in the first week of November.
  • The top five most common gas prices encountered by drivers in first week of November were $2.99, $2.89, $2.79, $2.69, and $2.59.
  • The states with the lowest gas prices were Oklahoma ($2.48), Texas ($2.48), and Louisiana ($2.53).
  • After rising by 7.7% annually under Joe Biden, gasoline prices under President Trump are on track for a 7.5% annualized drop.
  • According to the U.S. Energy Information Administration, by the end of this year, Americans are on track to spend the  lowest amount of their disposable income (less than 2%) on gasoline in the last two decades.

PRESIDENT TRUMP HAS BROUGHT DOWN INFLATION FROM THE WORST RATE IN HALF A CENTURY UNDER BIDEN

• Inflation once again beat market expectations in September, remaining at a stable 2.5% average under President Trump, compared to 5% under Joe Biden.
  • The 12-month change in overall shelter costs is at its lowest level in four years.
  • Costs are down for motor vehicle insurance, used cars and trucks, communication commodities, propane, fresh fruits, nonprescription drugs, butter, apparel, and a host of other items. 

WAGES AND PAYCHECKS ARE UP UNDER PRESIDENT TRUMP

• Inflation-adjusted private sector wages have risen by $1,151 under President Trump, after declining by nearly $3,000 under Joe Biden. 

PRESIDENT TRUMP IS SAVING AMERICANS BILLIONS OF DOLLARS THROUGH DEREGULATION

• President Trump halted burdensome Biden-era efficiency standards for everyday appliances, saving Americans $1,100 on air conditioners, $3,250 on gas stoves, $2,800 on water heaters, and $140 on light bulbs.
• President Trump’s deregulatory efforts have saved over $180 billion – $2,100 per family of four. 

PRESIDENT TRUMP IS FIGHTING TO LOWER HOUSING COSTS

• National median rent has fallen for three consecutive months, with rent prices down nationally 0.9% compared to one year ago.
• Households heated by propane or heating oil will pay less to heat their homes this winter than last winter.
• The average 30-year fixed mortgage rate across the nation was 6.17%  at the end of October, 12% lower than when President Trump took office in January 2025. 

PRICES AND COSTS FOR OWNING ARE COMING DOWN

• Used car wholesale prices fell 2% from September to October.
• AAA reports that the cost of owning a new vehicle today is down $719 from 2024.

PRESIDENT TRUMP IS WORKING TO LOWER THE COSTS OF HEALTHCARE AND PRESCRIPTION DRUGS

• President Trump has made unprecedented progress towards lowering drug prices for Americans by securing numerous “Most-Favored-Nation” drug price deals.
  • The deals announced already will dramatically reduce the prices of commonly used medicines, like inhalers, arthritis medication, and extremely expensive medicines, like those that help couples struggling with infertility and obesity.
• The Working Family Tax Cuts significantly expanded access to health savings accounts  for those on Obamacare, which will provide up to ten million Americans access to a health savings account and provide tax savings that will help Americans better afford healthcare.

THANK YOU!