But much of this bluster has been based on misinformation, which he again fell back on during his State of the Union address. After-tax incomes, adjusted for inflation, rose just 0.9% in 2025, down from 2.2% in 2024, Biden’s last year in office. The annual gain in Trump’s first year is the smallest since 2022, when inflation soared and caused Americans’ inflation-adjusted income to drop. FOREIGN WARSCLAIM: “My first 10 months I ended eight wars.”THE FACTS: This statistic, which Trump frequently cites, is highly exaggerated. Income taxes and payroll taxes that finance Social Security and Medicare account for 84%.

Source: Ethiopian News February 25, 2026 06:06 UTC