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Press Secretary: Trump Is Fixing the Economic Mess With Tax Cuts, Energy, and Deregulation

November 12, 2025 · The White House · 0:02:10

Embedded from the source channel — never re-uploaded. Watch on YouTube

What happened

The White House press secretary said President Trump and his administration have done much to lower prices and increase Americans’ economic prosperity in less than ten months, and that the president and his team of economic advisers will keep working on it every day, according to her remarks.

She said Trump signed the largest middle-class tax cuts in American history, including no tax on tips, overtime, and Social Security, guaranteeing Americans put more money back in their pockets next year, according to the remarks. She said the president completely unleashed American energy dominance to bring gasoline prices to their lowest in five years, with further decreases expected, and lowered overall energy costs through deregulation — key, she said, because energy costs are the number one driver of inflation, according to the press secretary.

She said the president has worked around the clock negotiating deals to lower prescription drug and health care costs, and that the administration has already cut 30 unnecessary regulations for every new one on the books, saving employers and small businesses thousands of dollars in regulatory burdens, according to her remarks. She said wages are rising at the fastest pace at the start of a presidential administration in 60 years and the cost of a typical new mortgage is down by nearly $3,000 per year, while acknowledging more work remains, according to the remarks.

Why it matters

The clip is the press secretary’s consolidated economic scorecard for the administration’s first ten months, with each claim attributed to her: tax cuts, five-year-low gasoline, a 30-to-1 deregulation ratio, and wage and mortgage figures.

Sources: The White House, “🚨 Press Sec: Trump’s fixing Biden’s economic disaster, & there’s more to come.”, 2025-11-12 (official upload, embedded above; published 2025-11-12). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.