The One Big Beautiful Bill Act, signed on 12 July 2025, permanently preserved the 21% corporate rate, raised the child tax credit to $2,200, and kept the 37% top marginal rate unchanged.
Oil output climbed 6% to 13.95 million barrels a day in September 2026, the highest daily level since 1997, validating Trump’s "Drill, Baby, Drill" pledge.
Manufacturing jobs slipped 21,000 from 12.673 million in January 2025 to 12.652 million in September 2026, a decline that starkly contrasts the president’s promise to revive the sector.
Consumer inflation surged from 3.0% in January 2025 to 3.7% in September 2026, while energy costs exploded 20.4% in the same span, sending households straight to the grocery aisle.
Federal spending rose 6% to $7.40 trillion in fiscal 2026, a $386 billion jump that undermines the administration’s dog‑eared promise of a leaner government.
As the November 3 midterm ballots approach, voters in key swing districts will weigh these mixed results, potentially reshaping the congressional balance.