The damage of four years of inflation-inducing Biden-era policies cannot be understated. In a recent Fox News poll, 76 percent of Americans view current national economic conditions negatively.

But although there is certainly much to be done to reverse the last administration’s harmful agenda — including its overregulation, increased government spending, and inflationary stimulus — the federal government today is working hard to bring affordability back.

Since his inauguration 11 months ago, President Trump has implemented a variety of supply- and demand-side policies intended to reduce costs and revitalize the American Dream. Deregulation, tax cuts, cutting of unnecessary public workers and taxpayer-funded programs, and deportations are all steps in the right direction.

Deregulation is a necessary long-term stimulant of domestic growth that the Biden administration ignored. Increased regulations in environment, health, and energy agencies under Biden came with more than $1.8 trillion in costs overall, with nearly three-quarters of that attributed to the Environmental Protection Agency. A complicated regulatory framework increases compliance costs for producers, misallocates business resources, stifles growth, and leads to higher prices for Americans.

Regulations are effectively hidden costs on consumers, as it is difficult to measure how much of the price of a good can be attributed to regulatory burden. But surely, prudent deregulation eliminates unnecessary costs.

>>> How We Can Finally Overcome the Affordability Crisis

President Trump has made headway in reducing overregulation in the energy sector, which is vital since energy affects everything we do and buy — including gas to fuel our cars, electricity to power our homes and the very machinery that produces and delivers consumer goods. Deregulatory savings made by the White House, so far, across all sectors may be as high as $907 billion, which translates to more than $10,600 for a family of four.

Although deregulation is prudent policy, it can take months or years to implement. Price reductions experienced by consumers take even longer to be felt. In the meantime, Trump has also worked to boost household budgets directly through tax cuts and public sector savings.

The July 2025 One Big Beautiful Bill Act built upon and extended the 2017 Tax Cuts and Jobs Act, preventing a massive tax hike that would have occurred if the latter had been allowed to expire. Important tax changes include depreciation expensing, lower tax brackets, increased standard deductions and the elimination of taxes on tips and overtime. These provisions aim to boost the take-home pay for Americans and grow the economy by incentivizing work, investment, and business activity.

Lowering the tax burden allows people and businesses to keep more of their hard-earned money, thereby allowing Americans to enjoy a higher standard of living. For example, 4.1 percent wage growth in August and September outpaced inflation, which fell to 2.7 percent in November. Americans’ paychecks are finally going further than they did under Biden, meaning they could buy more groceries in the supermarket or more gas at the pump and still have leftover income for presents.

Cutting unnecessary federal programs and employees actively reduces taxpayers’ burden, eliminates bureaucracy and waste, and forces Washington down a path of fiscal responsibility. Government spending makes life less affordable, so as federal government expenditures shrink, so does inflation.

>>> Creating a Smart Financial System Based on Better Monetary Policy, Deregulation

It is basic economics that in order to reduce prices, supply must be increased or demand reduced. Trump’s supply-side solutions — deregulation, tax cuts, and axed federal spending — are long-term efforts that will lower the cost-of-living for citizens. Other priorities for must include rolling back tariffs on basic necessities and other targeted consumer goods coupled with increasing domestic productive capacity, both of which will reduce prices and help the economy outgrow deficits.

On the demand side, the deportation of lawbreaking non-citizens plays a vital role. Deporting illegal aliens who should not be in the country to begin with will effectively reduce demand for housing and taxpayer-funded federal government programs. Making housing financially accessible is a primary concern for Americans, particularly the younger generation. Deregulation paired with deportations of those living off our welfare state can help lower the price of dwellings and keep the American Dream of homeownership alive.

Americans are rightfully concerned about affordability, but Trump is actively taking steps to reduce costs for Americans. His efforts to deregulate, cut taxes, reduce the size of the public sector, and deport illegal aliens are necessary measures to bring prices down — but there is certainly a long way to go.

All these positive changes will be felt in the years to come, so Americans must trust in free-market and fiscally conservative solutions to deliver long-term affordability. And that’s not to say that the short-term is unimportant, as people have bills that need to be paid today.

Reversing four years of Keynesian Biden-era policies is certainly a challenge, considering much of the resulting inflation is, unfortunately, baked into the economy. But Washington’s economic policies are actively working to reduce prices where possible and enhance the standard of living for all Americans.