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How Trump’s first-year victories tee up affordability wins in year 2

21 11
20.01.2026

Twelve months ago, Americans were rightfully angry about record inflation under Joe Biden and Kamala Harris — with rates that reached nearly 9% in mid-2022. 

What a difference a year makes.

Today, as President Donald Trump marks the one-year anniversary of his second inauguration, we’re at the lowest inflation rate in five years, down 70% from that painful peak under Biden.

Here in New York, the cost-of-living crunch has been exacerbated by the high-tax, big-spending policies of Gov. Kathy Hochul and Albany Democrats, who continue to nickel-and-dime working people with tax, toll, fare, fee and utility increases at every turn.

And with Zohran Mamdani at the helm in New York City, there’s no end in sight: Despite the city’s $12 billion budget gap, the new mayor is pledging to raise taxes and increase spending even further, with Hochul’s help.

All this Democratic mismanagement is why I was proud to lead the fight in Washington to win a massive working-families tax cut, standing up to leaders in both parties to achieve a quadrupling of the SALT deduction.

That reform means 90% of Hudson Valley residents can deduct their state and local taxes on their federal tax return — easing........

© New York Post