Trump’s Economic Rollback: Inflation Drops as Trump Policies Deliver 11-Month Consumer Relief

Legislation already passed by Republicans in Congress and signed by President Donald Trump is helping Americans combat rising inflation and prices that began during the Biden administration, according to Rep. David Kustoff.

Appearing on “Wake Up America Early,” the Tennessee Republican and member of the powerful House Ways and Means Committee stated that President Trump entered office facing the fallout from Democrats’ big-government spending spree.

“We saw the highest inflation that we’ve seen in 40 years during the Biden administration,” Kustoff said, linking the spike directly to Democrats holding control of the White House and both chambers of Congress.

Kustoff blamed “trillions of dollars in brand-new money” injected into the economy, arguing it “couldn’t do anything but cause inflation.”

The representative argued that in just 11 months, President Trump has been rolling back the damage by focusing on affordability, particularly in energy costs. Americans filling up their cars are now “seeing the lowest gas prices that we’ve seen in four years,” a stark contrast to the high costs experienced under former President Joe Biden.

Kustoff highlighted a major tax package backed by President Trump as a key tool to alleviate price pressures on families. The legislation, crafted in part within the House Ways and Means Committee, will cut taxes across the board next year through measures including eliminating taxes on tips and overtime pay, permanently lowering tax brackets, and doubling the standard deduction.

“That’s going to create more money that they earned—hard-earned money that they get to keep,” Kustoff explained, noting that Americans will have greater freedom to spend and invest as they choose.

Kustoff added that voters in his western Tennessee district are already feeling the difference between Biden’s economy and Trump’s. He noted that energy prices and grocery costs have eased from Biden-era highs, the stock market has strengthened, and 401(k) balances are growing again. Store shelves are described as “plentiful,” with Kustoff crediting President Trump’s aggressive trade initiatives—including tariffs and new negotiations—for helping domestic manufacturers and farmers by reducing unfair foreign barriers.

On Obamacare subsidies, Kustoff criticized the expanded benefits introduced early in President Biden’s term as poorly targeted, stating that some higher-income Americans are receiving benefits they should not. He noted that Republicans support a plan enabling use of health savings accounts, while Democrats seek to lock in the current subsidy structure for years.

Kustoff also said Democrats wasted precious time by forcing a government shutdown on October 1, arguing that Congress would have had “more runway” to address the issue if not for that partisan brinkmanship.