Fact-check · Oct 16, 2026 · Donald Trump
“A new report from the Council of Economic Advisors says that a lot of the socialist policies that the Democrats are running on would cost the country $50,000,000,000,000 over the next decade”
MOSTLY TRUE
What the record shows
CEA released 'The Real Cost of Socialism in America' report October 1, 2026, estimating DSA policies would cost $49 trillion ($48.9 trillion net) over 2027-2036.
Figure is accurate within rounding. However, report analyzes Democratic Socialists of America (DSA) policies specifically, not all Democratic policies generally.
Sources
- Democratic socialism’s $50 trillion price tag
- White House CEA report prices DSA socialist policies at $49 trillion
- Americans Facing $350K Cost for Socialist Policies: Report
- New Report: DSA Policies Would Cost Americans Trillions
- Sticker Shock: This $49 Trillion Price Tag Has Your Name On It
- The $50 Trillion Price Tag on Democrat Socialism
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