Newt Gingrich Predicts Trump’s Economic Approval Ratings Could Rise

On Thursday, former House Speaker Newt Gingrich expressed optimism that President Donald Trump’s economic approval ratings might rebound or even exceed those from his first term, especially ahead of Labor Day weekend.

He highlighted that Americans will enjoy the lowest gas prices in five years, which he believes could positively influence public sentiment toward Trump’s economic policies. “As people hit the road this weekend, they’ll notice the prices are better,” Gingrich remarked, noting that this could significantly impact how voters perceive Trump’s economic management. He suggested that by early next year, Trump’s approval ratings could see a substantial increase.

Gas prices had sharply increased during former President Joe Biden’s administration, reaching nearly $5 per gallon in June 2022. In contrast, recent figures show that Labor Day weekend gas prices are projected to average $3.15 per gallon, the lowest since 2020, down slightly from $3.16 in 2021.

Gingrich also commented on the complexities surrounding Trump’s tariff negotiations, suggesting that many voters were confused by the public nature of these dealings. He feels that this confusion allowed Democrats to exploit the situation.

Furthermore, Gingrich pointed to lesser-known aspects of Trump’s economic agenda that could stimulate investments, such as a new rule allowing businesses to fully depreciate factories in just one year instead of the traditional 39 years. “This is a game-changer,” Gingrich asserted, citing significant potential advantages for businesses looking to expand.

Signed on July 4, 2025, Trump’s recent legislation reinstates a 100% bonus depreciation for eligible assets acquired since January 19, 2025. This law benefits companies by allowing them to recover the costs of major investments more rapidly, potentially boosting economic growth.