Fact Sheet: President Donald J. Trump Delivers Emergency Price Relief for American Families to Defeat the Cost-of-Living Crisis

Fact Sheets

TLDR

This fact sheet contains several misleading or unsupported claims about regulatory costs, housing prices, gas prices, and energy policies. It oversimplifies complex economic factors, cherry-picks data, and incorrectly attributes global market dynamics to domestic policy decisions.

This is a “fact sheet” about the “Delivering Emergency Price Relief for American Families and Defeating the Cost-of-Living Crisis” memorandum.

The claim that Biden’s regulations imposed “$50,000 in costs on the average American household” is unsupported by economic data. Similarly, the assertion that Trump reduced regulatory costs by “$11,000 per household” lacks credible evidence.

While regulatory requirements do impact housing costs, the claim that they “account for 25 percent of the cost of constructing a new home” is oversimplified. Housing cost increases are driven by multiple factors including supply chain issues, labor shortages, and market demand.

The gas price narrative is misleading. While it’s true that gas prices rose under Biden, this was largely due to:

  • Global oil market disruptions from the Russia-Ukraine conflict
  • Post-pandemic demand surge
  • Supply chain issues

The $2.77 average during Trump’s term includes 2020’s artificially low prices during COVID lockdowns.

The stated energy cost increases are cherry-picked and fail to account for:

  • Global market factors
  • Post-pandemic recovery effects
  • International supply chain disruptions

The presentation of these numbers without context creates a misleading narrative about their causes.

The characterization of electric vehicle policies as “unlawful regulatory mandate” is incorrect. The Biden administration’s electric vehicle initiatives are within legal executive authority and include voluntary targets rather than mandates.

The fact sheet employs several rhetorical devices to create misleading narratives:

  • Attribution of complex global economic factors solely to domestic policy
  • Cherry-picking of timeframes for comparison
  • Oversimplification of complex economic relationships
  • Mischaracterization of policy initiatives as “mandates”
  • Use of emotionally charged language (“war on affordability,” “assault on energy”) rather than factual analysis

DELIVERING EMERGENCY PRICE RELIEF: Today, President Donald J. Trump signed a Presidential Memorandum to deliver emergency price relief for American families and defeat the cost-of-living crisis.

  • The Presidential Memorandum recognizes a critical component of the crushing cost of everyday living. The Biden Administration imposed complex regulatory burdens and radical policies designed to weaken American production.

  • President Trump is ordering all Federal agencies to untangle the American economy from Biden constraints and improve affordability of necessary goods and services and increase the prosperity of the American workers.

  • This includes action to:

    • Drastically lower the cost of housing and expand housing supply;

    • Eliminate unnecessary administrative expenses and rent-seeking practices that drive up healthcare costs;

    • Eliminate counterproductive requirements raising the costs of home appliances;

    • Create employment opportunities for American workers including drawing discouraged workers into the labor force; and

    • Eliminate harmful, coercive “climate” policies driving up the costs of food and fuel.

ENDING BIDEN’S WAR ON AFFORDABILITY: The Biden Administration’s destructive policies inflicted an historic inflation crisis on the American people.

  • Hardworking families are overwhelmed today by the cost of fuel, food, housing, automobiles, medical care, utilities, and insurance.

  • Unprecedented regulatory oppression from the Biden Administration has imposed almost $50,000 in costs on the average American household, whereas President Trump’s first-term agenda reduced regulatory costs by almost $11,000 per household.

  • Americans are unable to purchase homes at historic rates, in part due to regulatory requirements that alone account for 25 percent of the cost of constructing a new home.

  • Biden’s assault on plentiful and reliable American energy through impossible, unnecessary, and illegal regulatory demands have driven up the cost of transportation and manufacturing.

    • Biden’s war on energy has been a war on American consumers. American households are paying an average of $1,200 more per year in energy costs under President Biden’s policies. Since he took office, total energy costs rose by 36%, gasoline rose 41%, home energy costs rose 30%, electricity bills rose 29%, and gas bills rose 34%.

    • After averaging just $2.77 per gallon under President Trump, and a price of $2.33 upon leaving office, the price of gasoline skyrocketed under President Biden, reaching $3.33 a year later. It went on to reach a peak at $5.00 per gallon and remains elevated today.

  • The unlawful regulatory mandate on companies to eliminate gas-powered vehicles has resulted in artificial price increases in order to subsidize electric vehicles, largely disfavored by consumers.