President Donald Trump invoked the "American Dream" once again during his speech at the McDonald's Impact Summit in Washington, where he reflected on his early work experiences and defended the economic management of his administration.
"I went from flipping burgers at McDonald's to being President of the United States," Trump stated to an audience of executives, franchisees, and employees of the fast-food giant. His remarks were shared by the White House on Tuesday.
In his address, the president emphasized the country's economic recovery following what he described as "the devastation of the Biden era," claiming his administration has restored prosperity "to families and small businesses."
Trump highlighted that 1.9 million American-born workers are employed today, a number he claims surpasses when he took office. He celebrated the fact that hourly wages are rising at the fastest pace in 60 years.
The president took the opportunity to criticize former President Joe Biden, accusing him of having "destroyed the purchasing power of American families" and creating "the worst affordability crisis in modern U.S. history."
"The Biden administration started the affordability crisis, and my administration is ending it," Trump asserted, noting that in the past six months, prices of essential foods—such as bread, dairy, and eggs—"have fallen significantly."
Trump used the event to highlight his tax cuts enacted in July, referring to the legislation as "One Big Beautiful Bill."
"It includes the removal of the tip tax, overtime tax, and social security tax for our great retirees," he explained, calling the measure "a historic step to give money back to the people."
The president also touted his policy of reducing regulations, claiming his administration has slashed over a trillion dollars in bureaucratic burdens for businesses and workers.
"By combining tax and regulatory cuts, we have reduced pressure on franchisees by more than 37%," he detailed.
During his speech, Trump referenced his first job as a symbol of personal effort: "I'm the first former McDonald's employee to become president. This shows that in America, anyone can achieve their dreams through hard work," he declared.
The event brought together leaders from the food industry and small franchise representatives, where Trump promised to continue supporting family businesses and those who "keep the local economy thriving."
"I won't rest until every family is wealthier, happier, and has their own piece of the American Dream," he concluded.
Key Questions About Trump's Economic Policies
How did Trump's administration address the affordability crisis?
Trump claimed that his administration ended the affordability crisis by reducing prices of essential goods like bread, dairy, and eggs, which had significantly dropped in the last six months.
What were the key features of Trump's "One Big Beautiful Bill"?
The bill included the removal of taxes on tips, overtime, and social security for retirees, aiming to return money to the people.
How did Trump describe his early work experience at McDonald's?
Trump referred to his first job at McDonald's as a symbol of personal effort, highlighting that he is the first former McDonald's employee to become President, demonstrating that anyone can achieve their dreams in America through hard work.