Trump Voters Feel the Economic Blow of His Policies

As Donald Trump begins his second term as president, his voter base is starting to feel the economic impact of his policies. While Trump's economic agenda, including tax cuts, trade wars, and deregulation, was initially praised by his supporters, the long-term consequences of these policies are now becoming apparent. In this article, we will explore how Trump's economic policies have affected his voter base, particularly in sectors like manufacturing, agriculture, and energy, which heavily supported his presidency.



Trump's tax cuts, signed into law as the Tax Cuts and Jobs Act (TCJA) in 2017, were initially hailed as a boon for the economy. However, many of the individual tax cuts are set to expire in 2025, and the benefits of the TCJA have been unevenly distributed. According to the Penn Wharton Budget Model, extending these tax cuts would primarily benefit the wealthy. In the first year of Trump's policy changes, those in the top 0.1% of earners would gain an average of $376,910. This suggests that the tax cuts may not have as significant an impact on the financial well-being of Trump's voter base as initially hoped.



Trump's trade wars and tariffs have had mixed effects on his voter base. While some industries and workers have benefited from protectionist policies, others have been negatively impacted. A study by the National Foundation for American Policy found that the U.S. lost 300,000 jobs in industries targeted by Trump's tariffs between 2018 and 2020. Additionally, a Yale Budget Lab analysis estimated that Trump's tariff policy would cost every American household between $1,900 and $7,600 per year. This suggests that the financial well-being of Trump's voter base may be negatively affected by his trade policies.



Trump's deregulation policies have aimed to reduce the burden on businesses, potentially leading to increased economic activity and job creation. However, the impact of deregulation on the financial well-being of Trump's voter base is less clear. While deregulation may have helped businesses, it is difficult to quantify the specific benefits to his voter base. Additionally, some deregulation efforts, such as those related to environmental rules, may have negative long-term effects on the economy and the well-being of Trump's voter base.

Trump's immigration policies, such as increased deportations, stricter border control, and the cancellation of the Deferred Action for Childhood Arrivals (DACA) program, have had significant impacts on the labor market and wages for his voter base, particularly in industries with a high concentration of immigrant workers. Trump's immigration policies have led to a decrease in the labor supply, particularly in industries that rely heavily on immigrant workers, such as agriculture, hospitality, and construction. This reduction in labor supply can lead to increased wages for remaining workers, as demand for labor outstrips supply. However, it can also result in labor shortages and increased costs for businesses, which may pass on these costs to consumers in the form of higher prices.



In conclusion, Trump's economic policies, such as tax cuts, trade wars, and deregulation, have had mixed effects on the financial well-being of his voter base. While some policies, like the tax cuts, primarily benefit the wealthy, others, like trade wars and tariffs, may negatively impact the financial well-being of his voter base. The specific effects of deregulation on Trump's voter base are less clear. Trump's immigration policies have had significant impacts on the labor market and wages for his voter base, particularly in industries with a high concentration of immigrant workers. As Trump begins his second term, his voter base is starting to feel the economic impact of his policies, and it remains to be seen how these policies will continue to affect the economy in the long term.