Trump’s Day One Agenda: Higher Costs, Cuts to Education Funding, and Handouts for Himself and Ultra-Rich Friends Arrow

As Donald Trump prepares to enact his extreme and unpopular Day One agenda, DNC Rapid Response Director Alex Floyd released the following statement:

"Donald Trump's unpopular Day One agenda isn't just a giveaway to his billionaire backers - it's a disaster for working families across America. Trump's reckless and unpopular Day One plans would mean higher prices for Americans, cuts to public school funding, and special interest schemes to enrich himself and his ultra-wealthy friends. After spending his entire campaign lying to voters about his true plans, Trump's Day One priorities make it clear that he is only focused on himself and his Billionaire Cabinet - not the American people."

Trump vowed to impose an expensive national tax on his first day, drastically raising the cost of critical goods like groceries and gas, while hurting small businesses.

Trump: "On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States"

Washington Post: "Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new Trump administration tariffs - a spending spree that could reignite the very inflation buyers are hoping to avoid.

"President-elect Donald Trump has vowed to enact widespread tariffs as soon as he takes office in January, a move that economists say could lift prices for just about every type of import, including food, cars, computers and gas. …

"Small-business owners say they're struggling to keep up. Many lack the extra cash they need to buy - and store - extra products, putting them at a disadvantage compared with larger retailers."

Trump promised to "cut federal funding" from public schools on Day One - just like he tried to do during his first term - as part of his unpopular Project 2025 agenda, which also includes shuttering the Department of Education.

NBC News: "Trump has repeatedly accused Democrats of politicizing schools and has promised to cut funding to some schools."

CNN: "Even a slight reduction in those dollars could have devastating effects for students and their families, said Tom Gambrel, the district's superintendent. It would mean teacher layoffs, bigger classroom sizes and less attention for their most vulnerable students."

Inside Higher Education: "President Trump called for a $7.1 billion cut to funding at the Education Department with a proposed budget … The proposal marks the third straight year that President Trump has asked Congress for major cuts to education spending - the proposal would mean a 12 percent cut for the Education Department from fiscal year 2019 - and to overall discretionary expenditures."

Center for American Progress: "Trump's proposal also means that over 490,000 teacher positions could be eliminated-14 percent of K-12 public school teachers nationwide. This would have a terrible effect on the U.S. economy."

CNN: "Trump wants to close the Department of Education, joining calls by GOP rivals"

Associated Press: "Trump has pledged to terminate the Department of Education, but he also wants to exert enormous influence over local school districts and colleges."

Project 2025, p. 319: "Federal education policy should be limited and, ultimately, the federal Department of Education should be eliminated.

Days after launching a massive crypto scheme targeting his own supporters which has raised widespread ethical concerns, Trump is now planning massive giveaways to his special interest backers and billionaire friends, "working closely" with corporations to write legislation.

New York Times: "The move by Mr. Trump and his family was immediately condemned by ethics lawyers who said they could not recall a more explicit profiteering effort by an incoming president.

"'It is literally cashing in on the presidency - creating a financial instrument so people can transfer money to the president's family in connection with his office' said Adav Noti, executive director of Campaign Legal Center, a nonprofit ethics group. 'It is beyond unprecedented.'"

Politico: "The product launch illustrates the lengths Trump is going to embrace the crypto industry and the blurred ethical lines he may be crossing as he prepares to take office. …

"A president-elect launching a new business product is a highly unusual move, and it is a major concern for ethics watchdogs, who say Trump stands to profit from policy changes he is poised to usher in."

Washington Post: "Sacks and members of the Trump transition team have been working closely with crypto leaders to finalize a legislative strategy, and Trump is expected to issue executive orders on the first day of his presidency that may address issues including de-banking and the repeal of a controversial crypto accounting policy requiring banks holding digital assets to count them as liabilities on the bank's own balance sheet, according to a person involved with the conversations."

In a gigantic win for Big Oil, Trump will sign orders gutting regulations to help his billionaire friends, and rolling back critical parts of the Inflation Reduction Act.

Bloomberg: "On energy, Trump is expected to authorize new drilling on federal lands as part of his initial push. And the Trump team intends to put out an executive order that freezes all regulations put forth by President Joe Biden and not yet finalized."

Reuters: "Trump vowed on the presidential campaign trail to undo Biden's pause and swiftly approve the projects awaiting an LNG export license.

"He plans on issuing an LNG-specific executive order on his first day in office later this month"

Trump: "Starting on day one, I will approve new drilling, new pipelines, new refineries, new power plants, new reactors, and we will slash the red tape."

Trump: "The all electric vehicle. I mean, how crazy is this? … What we have is gasoline. We have oil and gas. We have gasoline, a lot of gasoline more than anybody else, actually more than any other country. And we're going away from it. It's just incredible. But that's not going to happen. That'll be signed John, on the first day. … "

Reuters: "Repealing the subsidy, a signature measure of Democratic President Joe Biden's Inflation Reduction Act (IRA), is being discussed in meetings by an energy-policy transition team led by billionaire oilman Harold Hamm, founder of Continental Resources, and Republican North Dakota Governor Doug Burgum, the two sources said."

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