Trump touted his economic agenda on prices, taxes, and healthcare in his State of the Union
Business Insider
February 25, 2026
AI-Generated Deep Dive Summary
President Donald Trump delivered his annual State of the Union address, emphasizing his administration’s economic agenda and its focus on affordability, taxes, healthcare, and housing. He highlighted a strong economy, driven by lower inflation, mortgage rates, and energy prices, while also touting record stock market performance and efforts to reduce reliance on food stamps through updated SNAP rules. Trump blamed Democrats for high inflation but showcased his administration’s achievements in stabilizing the economy.
The president announced significant tax cuts, calling them the largest in U.S. history, alongside policies ending taxes on tips, overtime, and Social Security. He introduced new initiatives, including Trump Accounts—federal investment accounts for children—and a retirement plan offering federal workers-style benefits to those without employer-sponsored plans. These moves aim to support middle- and higher-income Americans.
Trump also addressed healthcare, focusing on reducing drug prices and insurance premiums through his “Great Healthcare Plan.” This includes the launch of TrumpRx, a direct-to-consumer prescription platform, and ending payments to large insurance companies. However, the administration’s decision not to renew Affordable Care Act subsidies in 2025 has led to rising premiums and millions dropping their coverage.
In housing, Trump claimed his policies are lowering prices by restricting large Wall Street firms from buying single-family homes and reducing mortgage rates. While analysts question the long-term impact of these measures, Trump emphasized job growth in construction and Executive Orders targeting housing affordability.
The speech also touched on broader economic challenges, such as stagnant wage growth and high inflation. Despite these issues, Trump expressed optimism about future policies, including potential interest rate cuts under a new Federal Reserve leader. However, polls show most Americans believe affordability has worsened during his second term. This focus on economic policies highlights the administration’s efforts to address rising costs and improve financial stability for everyday Americans.
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Originally published on Business Insider on 2/25/2026