What Trump Promised
As a 2016 candidate, Donald Trump made huge promises to North Carolina families, claiming that he’d work for them rather than wealthy donors and corporate interests. He promised to lower drug prices and give North Carolinians great health care, including protecting people with pre-existing conditions. He claimed he’d increase wages.
Here’s the Reality
He’s siding with insurance companies to end protections for people with pre-existing conditions, backing a lawsuit to repeal them and promising full repeal after the next election. He’s siding with drug companies as drug prices soar. And he passed a tax bill that gave almost all the benefits to the wealthy and big corporations, that rewarded companies for moving jobs overseas.
Trump’s Broken Promise
"I'm asking for your vote so we can repeal and replace Obamacare, and save health care for every family in North Carolina."
—Donald Trump in Raleigh, North Carolina, November 7, 2016
Trump launched an all-out attack on our health care by trying to repeal and sabotage the Affordable Care Act.
Trump’s economic policies are delivering huge giveaways to the wealthy at the expense of North Carolina families.
Blocking a Minimum Wage Increase
Trump said he would veto an increase in the federal minimum wage, which would have given a raise to nearly 40 million people nationwide.
Most of Trump’s $2 trillion tax cut goes to corporations and the rich. Many North Carolina families are getting stuck with the bill.
- Experts predict close to 180,000 American jobs will be lost, including close to 13,000 jobs in North Carolina and many in the manufacturing sector, as a result of Trump’s erratic steel and aluminum trade policies.
- Three North Carolina manufacturing hubs—Greensboro, Winston-Salem, and Charlotte—are in the top 50 hardest hit communities from Trump’s erratic trade policies.
- Trump’s trade-war-by-tweet policies led to Cone Denim—one of the last major denim mills in the country—shutting its doors, signaling the end of American blue jeans.
- More than 400 workers were laid off at two manufacturing plants in the Charlotte region, one that makes fire extinguishers and another that makes flash drives.
- Ethan Allen laid off more than 300 workers in its Old Fort, North Carolina factory.
- Trump’s tax law gave big corporations hundreds of billions in tax breaks, but it has had virtually no effect on hiring or investment in factories in North Carolina or across the country.
- Instead, companies overwhelmingly used their windfalls from Trump’s tax law to buy back their own stock.
- Even worse, Trump’s tax law actually provided an incentive for companies to move factories abroad.
- In 2019, 44 million people nationwide owe $1.56 trillion in student loan debt.
- 597,300 people in North Carolina owe more than $20,000 in student loans, which is 49.9% of all borrowers, and 44.4% are over the age of 35.
- Despite Trump’s promises to fix it, the Trump administration has made things harder, and actually tried to cap the amount of loans borrowers can take out, and shrink the number of repayment plans available to them.