What Trump Promised
As a 2016 candidate, Donald Trump made huge promises to South Carolina families, claiming that he’d work for them rather than wealthy donors and corporate interests.
He promised to lower drug prices and give South Carolinians great health care. He claimed he’d increase wages and said he’d make sure South Carolina factories would stop moving overseas.
Here’s the Reality
He’s siding with insurance companies to end protections for people with pre-existing conditions. 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 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 South 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 South Carolina families are getting stuck with the bill.
Trump's Broken Promise
“I will be the greatest job producing president that god ever created … we’re gonna take jobs back from countries, some countries you’ve never even heard about.”
—Donald Trump, Spartanburg, South Carolina, November 20, 2015
- South Carolina is estimated to be the third-hardest hit state in the country from Trump’s erratic trade policies with China.
- A South Carolina TV plant in Fairfield shuttered, laying off 126 workers after Trump’s tariffs gutted its business.
- Trump’s erratic trade policies have put BMW’s 11,000 jobs and Volvo’s 2,000 plant hires in South Carolina at-risk.
- 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 South Carolina or across the country.
- Companies have 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.
- 337,800 people in South Carolina owe more than $20,000 in student loans, which is 50.5% 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.