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Speaker Mike Johnson outlines GOP plans to decrease prices for People
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Speaker Mike Johnson outlines GOP plans to decrease prices for People

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Last updated: November 24, 2025 2:50 pm
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Published: November 24, 2025
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NEWNow you can take heed to Fox Information articles!

EXCLUSIVE: Making life extra inexpensive for People might be a key a part of Home Republicans’ remaining agenda for this Congress, Speaker Mike Johnson, R-La., stated Friday.

In an interview with Fox Information Digital, the chief of the Home of Representatives acknowledged there was a “brief period of time” for lawmakers to be in D.C. earlier than the tip of this 12 months however stated they might be working towards numerous objectives, together with President Donald Trump’s “affordability” agenda.

“We now have numerous govt orders that we wish to proceed to codify by means of the tip of the 12 months. We’re nonetheless doing regulatory reform to finish the Biden-era laws. We did a few of that this week,” Johnson stated.

“There’s numerous initiatives left on the desk, issues for us to do and a brief period of time to do it in.  However we’re actually bullish concerning the concepts that we’re bringing ahead over the subsequent few weeks and within the coming months about decreasing the price of dwelling.”

DOUBLING DOWN: TOP HOUSE DEMOCRAT SAYS FOCUS ON HIGH PRICES ‘ABSOLUTELY GOING TO CONTINUE’

Speaker Mike Johnson stated Republicans are working towards President Donald Trump’s “affordability” agenda. (J. Scott Applewhite/AP Photograph; Win McNamee/Getty Photographs)

He stated “affordability” was “the buzzword of the day.”

“We now have an affordability agenda, because the president has been touting, and we’ve got to try this in earnest. Healthcare is a part of that. But it surely’s simply the prices throughout the board,” Johnson stated.

He blamed the earlier Democratic administration’s insurance policies for the excessive value of dwelling seen in the present day, arguing former President Joe Biden authorized insurance policies that led to increased inflation.

TRUMP FLIPS DEMS’ ‘AFFORDABILITY’ SCRIPT, TURNING BUZZWORD INTO MAGA MATERIAL AS MAMDANI VISIT LOOMS

“We the individuals rightfully revolted in opposition to that, and gave us the facility once more in January. However the financial system is a really complicated factor, you do not flip a swap and simply change it multi function week. It takes some time,” Johnson stated.

Former President Joe Biden holds his wife's hand as the two leave D.C. following President Donald Trump's inauguration

Former President Joe Biden and former first girl Jill Biden in Washington after the swearing-in of President Donald Trump on Jan. 20, 2025. (Chris Kleponis/Pool through Reuters)

The start of Biden’s time period was marked by record-high inflation, however that eased considerably as the consequences of the COVID-19 pandemic slowly subsided. All through his 4 years, nevertheless, the rise in shopper costs outpaced common wage progress, in line with a Texas A&M College evaluation.

Republicans promised to decrease the price of dwelling once they took over the levers of energy in Washington earlier this 12 months. Johnson stated a trademark of that was Trump’s One Huge, Stunning Invoice Act, since rebranded because the “working households’ tax lower.”

SURVEY SAYS: ISSUE THAT HELPED TRUMP AND REPUBLICANS IN 2024 HURT THEM NOW

“By the point we get into the primary and second quarter of subsequent 12 months, as Treasury Secretary Bessent has stated, we must always have an financial increase due to all of those items might be coming into play. Taxes might be decrease, no tax on ideas and additional time, decrease taxes on seniors. After which there will be extra funding as a result of we’ve got all of the pro-growth insurance policies and tax insurance policies that may permit the job creators, entrepreneurs, risk-takers, innovators to do what they do,” Johnson argued.

Trump signs the Big Beautiful Bill act

President Donald Trump indicators sweeping spending and tax laws, often known as the One Huge Stunning Invoice Act, throughout a picnic with navy households to mark Independence Day, on the White Home on July 4, 2025. (Ken Cedeno/Reuters Pictures)

“Every part I simply described will occur in due time, and it’ll. So we’re very bullish about it.”

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

Republicans are additionally anticipated to spend the subsequent a number of weeks engaged on a healthcare bundle geared toward reducing sky-high premiums many People face, whereas additionally in search of to reform what they see as a badly flawed Obamacare system.

A number of Home committees are additionally anticipated to advance laws within the coming weeks targeted on reducing power prices, together with fixing an outdated system for allowing new power initiatives.

Elizabeth Elkind is a politics reporter for Fox Information Digital main protection of the Home of Representatives. Earlier digital bylines seen at Day by day Mail and CBS Information.

Comply with on Twitter at @liz_elkind and ship tricks to elizabeth.elkind@fox.com

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