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Economy Takes Center Stage After Trump’s State of the Union as Midterms Loom

Trump promotes economic populism and affordability to win working-class and Latino voters in 2026 midterms, citing lower drug prices and tax cuts despite mixed policy results.

  • On February 24, 2026, President Donald Trump used his State of the Union to pitch economic populism and repeatedly invoked affordability.
  • Amid a Democratic vacuum on working-class issues, Zohran Mamdani's mayoral success pushed the Democratic Party to adopt affordability messaging, while a Pew Research Poll last year showed Latino voters growing pessimistic.
  • Promoting policy, Trump highlighted Trump Accounts and limits on large institutional investors buying single-family homes, while the administration touted lower drug prices, tax cuts, and rising wages.
  • Later this week, Trump will bring his message to Texas ahead of the primary, while Senate Minority Leader Chuck Schumer and Democratic Gov. Abigail Spanberger sharply criticized the speech as polls show many voters remain unconvinced, raising stakes for the 2026 midterms.
  • Longer term, Trump’s repackaging of populist ideas tests GOP credibility as critics say his economic populism clashes with privatization and his financial interests.
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Economy takes center stage after Trump’s State of the Union as midterms loom

President Donald Trump is putting the economy at the center of his messaging following Tuesday’s State of the Union address.

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Jacobin broke the news in on Wednesday, February 25, 2026.
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