WisGOP Research Update 2/24/26

February 24, 2026—State of the Union Edition

Congress passed the Working Families Tax Cut, delivering the largest tax cut in American history, increasing Americans’ take-home pay by as much as $13,300, and terminating beneﬁts for at least 1.4 million illegal immigrants who were gaming the system.
President Trump has added nearly 700,000 private sector jobs, with 100% of all net job creation going to American-born citizens.
Private sector weekly earnings are on track to rise 4.2% in President Trump’s ﬁrst full year in office, and annual earnings are set to rise $1,300.
Under President Trump, blue-collar wage growth has seen its largest year-to-date increase in nearly 60 years.
After years of massive price increases under Biden, inﬂation has plummeted with the latest data showing core inﬂation at its lowest point in ﬁve years.
If the pace of the last two months were to continue, inﬂation would be running at just 1.2% - well below the Federal Reserve’s 2% target.
President Trump delivered the American people much-needed relief on housing costs, with rent prices rising at their lowest rate since 2021 and mortgage rates hitting a three-year low.

Thanks to President Trump's policies to unleash American energy dominance, drilling for oil and gas increased 73% from the same period in 2024.
In December, the nationwide average for regular gas hit its lowest point since March 2021 and is expected to keep declining through 2026.
2025 gas prices averaged their lowest since 2020.

The U.S. experienced the largest single-year drop in murders on record last year.
President Trump took decisive action to stop the poisoning of Americans via fentanyl - eliminating narco-terrorists, securing our nation’s borders, and designating fentanyl as a Weapon of Mass Destruction.
As a result of President Trump’s efforts, the number of drug deaths has fallen every single month since he returned to office.

President Trump has secured the border and stopped the ﬂood of illegal immigrants that Joe Biden and Democrats let into our country.
Customs and Border Protection apprehended 196 illegal aliens per day in January – a decrease of 96% from the daily average under Joe Biden.
Additionally, zero illegal aliens were released into the U.S. in January, marking the ninth consecutive month with no illegal aliens released into the U.S.
For the ﬁrst time in 50 years, the United States saw negative net migration.
The Trump administration has deported more than 605,000 illegal aliens, with an additional 1.9 million self-deporting, bringing the total number of illegals who have left the U.S. since President Trump returned to office to over 2.5 million.

President Trump has once again proven he is the President of Peace, stopping the ﬁghting in at least 8 conﬂicts.
The President has negotiated ceaseﬁres or brought peace to at least eight conﬂicts: between Cambodia and Thailand, Kosovo and Serbia, DRC and Rwanda, Pakistan and India, Israel and Iran, Egypt and Ethiopia, Armenia and Azerbaijan, and Israel and Hamas.
President Trump has also established a pathway to stability in Syria and has introduced a comprehensive plan to end the war between Ukraine and Russia.
Under President Trump's strong and decisive leadership, the U.S. obliterated Iran's nuclear program.
President Trump has secured nearly $10 trillion in private and foreign investment for the United States.

During President Trump’s ﬁrst year in office, the trade deﬁcit has been nearly cut in half and narrowed to its smallest since 2009.
The U.S. Treasury has taken in over $235 billion in tariff duties since January 2025.

After President Trump's February Executive Order “Keeping Men Out of Women's Sports,” a slew of universities and school systems have stopped allowing men in women‘s sports, including the University of Pennsylvania, the Virginia High School League, and the University of Maine System.

President Trump is lowering drug costs by securing Most-Favored-Nation pricing from:
Pﬁzer for atopic dermatitis, rheumatoid and psoriatic arthritis, ulcerative colitis, and migraine medications.
AstraZeneca on all new innovative medicines they bring to market.Eli Lilly and Novo Nordisk for obesity drugs, migraine medication, and insulin products.
Amgen, Bristol Myers Squibb, Boehringer Ingelheim, Genentech, Gilead Sciences, GSK, Merck, Novartis, and Sanoﬁ for drugs that treat numerous costly and chronic conditions, including type two diabetes, rheumatoid arthritis, multiple sclerosis, asthma, COPD, hepatitis B and C, HIV, and certain cancers, among others.

The Department of Veterans Affairs stopped a Biden-era plan to force the VA to spend $77 million on electric vehicle chargers, with the funds now going to improve health care for veterans.
Under President Trump's leadership, Anheuser-Busch announced a $300 million investment in U.S. manufacturing and veteran employment.
President Trump reached a deal with law ﬁrms Kirkland & Ellis LLP, Allen Overy Shearman Sterling US LLP, Simpson Thatcher & Bartlett LLP, and Latham and Watkins LLP for the ﬁrms to provide an aggregate total of at least $500 million in pro bono and other free Legal services to causes the ﬁrms and President Trump both agree on, including veteran assistance.