• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

EXCLUSIVE: Trump warns major Dem against move that could cost voters trillions

by February 25, 2025
by February 25, 2025

President Donald Trump’s White House is warning that a key Democrat’s move to end the president’s energy national emergency would kill hundreds of jobs and cost $3.6 trillion in higher prices and lost energy output. 

‘Tim Kaine wants to impoverish Americans. President Donald Trump’s executive order brings America into the future and unleashes prosperity. Senator [Tim] Kaine wants to cost the economy trillions and risk losing nearly a million jobs,’ said deputy press secretary Anna Kelly in an exclusive statement to Fox News Digital. 

The White House’s statement is in response to Sen. Tim Kaine, D-Va., and ranking member of the Senate Energy and Natural Resources Committee Martin Heinrich, D-N.M., filing a joint resolution to end Trump’s energy national emergency and teeing up a vote on the Senate floor this week.

Ending the energy emergency would lead to the loss of 869,800 jobs, according to a White House document obtained by Fox News Digital. 

The White House emphasized that ending the emergency would usher back in the Biden administration’s policies. The document stressed that under those policies, during Biden’s first two years, families spent an additional average of $10,000 in energy costs, citing a study published by the Committee to Unleash Prosperity. 

The document cited that estimates of liquefied natural gas growth in the new administration were projected to bring in half a million jobs annually and boost U.S. GDP by $1.3 trillion through 2040, per a study by S&P Global in December. 

‘The Trump Administration is living in a fantasy land,’ Kaine and Heinrich told Fox News Digital in a joint statement. ‘Energy demand is high and only getting higher, which is why it’s great that America is producing more energy than at any other point in our history. Decreasing the supply of American-made energy when demand is high is the quickest way to raise prices—and that’s exactly what President Trump’s sham energy emergency will do. By tampering with the market to favor some forms of energy over others and making it easier for fossil fuel companies to take Americans’ private property, Trump’s emergency declaration will benefit Big Oil, but leave American consumers with fewer choices and higher bills.’

‘At the same time, Trump’s decision to illegally halt investments appropriated by Congress in energy projects that are creating jobs in communities across the country is costing Americans valuable, good-paying jobs,’ they added. 

The two Democrats unveiled their privileged legislation against Trump’s order earlier this month.

‘Senate Democrats are yet again attempting to block President Trump’s efforts to secure cheaper, more reliable energy—just when America needs it most,’ Senate Committee on Energy and Natural Resources Chairman Mike Lee, R-Utah, said in a statement to Fox News Digital.

‘Their message to families is clear: pay more, expect less. Luckily, President Trump is committed to unleashing American energy and rescuing the country from the energy crisis that they have perpetuated. Senate Republicans won’t let Democrats delay and obstruct any longer and will ensure the President has the tools necessary to deliver the results the American people expect.’

Kaine and Heinrich’s introduction of the resolution will force a vote on the Senate floor, which is expected to occur on Wednesday. 

The measure is likely to fail, with Republicans vocally supportive of Trump’s energy agenda. The GOP has a 53-seat majority in the upper chamber.

This post appeared first on FOX NEWS

0 comment
0
FacebookTwitterPinterestEmail

previous post
Judicial pushback on Trump ‘hurting American people,’ says GOP rep leading impeachment charge
next post
‘Overwhelmingly popular’: Elon Musk touts Americans’ DOGE support

Related Posts

Trump v Powell: The Credibility Cost of Politicized...

June 27, 2025

PBS and NPR: A Free Press Doesn’t Need...

June 27, 2025

Drone incursions on US bases come under intense...

June 27, 2025

Fury erupts as unelected Senate ‘scorekeeper’ blocks Trump’s...

June 27, 2025

GOP senator calls for parliamentarian’s firing after serving...

June 27, 2025

‘Swiss army knife’: Inside VP Vance’s first 5...

June 27, 2025

‘Presidential incapacity’: Senate Republican seeks paper trail of...

June 27, 2025

Dem senator accuses top Trump official of being...

June 27, 2025

White House drops ‘Daddy’s Home’ meme after viral...

June 27, 2025

EXCLUSIVE: Trump admin takes action after massive fraud...

June 27, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • PBS and NPR: A Free Press Doesn’t Need a Government Budget Line 

    June 27, 2025
  • Trump v Powell: The Credibility Cost of Politicized Monetary Policy

    June 27, 2025
  • Commerzbank sees China economic growth slowing in second half of 2025

    June 27, 2025
  • JSW Paints to buy Akzo Nobel India for $1.6 billion in major Indian paints market shake-up

    June 27, 2025
  • Europe markets open: stocks rise as US hints at tariff delay; auto sector gains 1.4%

    June 27, 2025
  • US-China sign trade deal, 10 more with trading partners ‘imminent’: report

    June 27, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (1,639)
  • Editor's Pick (168)
  • Investing (185)
  • Stock (1,062)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Here’s the real reason Trump and Zelenskyy’s...

March 1, 2025

Future of Trump budget bill uncertain as...

April 9, 2025

Lawyer of whistleblower in Trump impeachment case...

May 6, 2025