House Speaker Mike Johnson backed former President Donald Trump’s plan to fix the economy, saying it’s the right path even after recent drops in the stock market. Johnson argued Trump’s focus on American workers and tough trade deals will bring back jobs and strengthen the country.
Trump’s strategy includes big tax cuts to help families and businesses keep more of their money. Experts say this could boost hiring and factory jobs. Critics worry it might raise prices, but Johnson says putting America first is worth it to rebuild the middle class.
A key part of the plan is slapping tariffs on countries like China and Mexico. Trump says these taxes on imports will force other nations to play fair. Supporters believe this will protect U.S. industries from cheap foreign goods. Democrats call it risky, but conservatives say tough trade talks worked before with the USMCA deal.
The blueprint also aims to cut government rules that businesses say slow them down. Trump wants less red tape in energy, tech, and farming to spark innovation. Johnson praised this approach, saying Washington shouldn’t stand in the way of progress.
Some economists warn Trump’s tariffs could hurt the stock market short-term. Johnson brushed this off, saying temporary dips don’t matter compared to long-term gains. He reminded reporters that stocks soared under Trump’s first-term policies before Biden’s “failed experiments.”
Trump’s team is pushing to extend his 2017 tax cuts, which they claim kept jobs here instead of overseas. New proposals would axe taxes on tips and overtime pay to help workers. Critics say this helps the rich, but backers argue it rewards hard work.
The plan faces heat from global groups pushing climate rules and digital taxes. Trump vows to ignore these “foreign pressures” and focus on U.S. interests. Johnson agrees, saying America shouldn’t apologize for protecting its own economy first.
Despite loud opposition, polls show many voters trust Trump on the economy more than current leaders. Johnson urged patience, saying real change takes time. “The same experts who messed things up now attack Trump’s vision,” he said. “But hardworking Americans know – this plan will work.”
