EDITORIAL: The Trump economic policies are making America more prosperous

With Republicans in power, America has become safer and more prosperous. The latest economic data shows why.

First, just look at inflation. It continues easing from the highs left behind by the Biden administration. Consumers continue to spend. Employers are investing. American workers are taking home more money, helped by the Working Families Tax Cut and a labor market that has remained stronger than many economists expected.

The Washington Reporter has closely covered Acting Labor Secretary Keith Sonderling’s effort to make workforce development a cornerstone of the administration’s agenda. In interviews with the Reporter, Sonderling has outlined an “America’s Talent Strategy” focused on apprenticeships, skills training, reshoring manufacturing, and expanding opportunities for American workers. Combined with President Trump’s tax relief and pro-growth policies, those efforts are strengthening the economy.

And corporate earnings show just how strong this economy is. 

JPMorgan Chase reported $16.9 billion in second-quarter net income while posting double-digit revenue growth. The bank said consumers and small businesses remain resilient, supported by higher tax refunds and a healthy labor market. And where did those higher tax refunds come from? They came from the Republicans Working Families Tax Cut. 

Goldman Sachs reported $20.3 billion in revenue and $6.6 billion in quarterly earnings as CEO David Solomon pointed to strong client activity and investment. Walmart continues expanding operations and investing in lower prices, reflecting confidence that consumers remain willing to spend.

Other major employers are seeing similar momentum. PepsiCo reported 6.4% revenue growth and reaffirmed its full-year outlook. GE Aerospace posted a 24% increase in revenue and raised guidance for the rest of the year. This is real investment. 

The broader retail industry also expects continued strength. The National Retail Federation projects retail sales will grow 4.4% in 2026, above the historical average, with consumer spending continuing to support economic growth. This is well above the rate of inflation. 

Inflation is moving in the right direction as well. June inflation slowed to 3.5% year over year from 4.2% the previous month, while core inflation declined to 2.6%.

Families are finally beginning to see relief after years of elevated prices. We wish it were faster–but it is declining. 

We are not out of the woods yet. Prices are still too high, and gas has only recovered about halfway to where it was before Trump’s strikes on Iran’s terrorist regime. 

President Trump’s emphasis on lower taxes, workforce development, domestic investment, and economic growth is producing measurable results. Businesses are hiring, consumers remain resilient, and companies are investing for the future.

Those gains should not be taken for granted. Economic growth depends on policies that reward work, encourage investment, and keep America competitive, especially in the AI race against China. Implementing the Democrats’ policies of open borders, higher taxes, and more spending would crash the market and bring inflation roaring back. 

The bottom line is that the free market works. And Republican policies make America more prosperous.