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The Best & The Brightest
Association of American Railroads
Peter Hamby Peter Hamby

Welcome back to The Best & The Brightest. I’m Peter Hamby, coming to you a few hours earlier than usual on State of the Union day—and with good reason.

Today, we have brand-new polling, in partnership with Echelon Insights, demonstrating an enduring communications challenge for Donald Trump as he prepares for tonight’s SOTU address as well as November’s midterms. The problem? Voters are extremely aware of Trump’s controversies—ICE, Greenland, etcetera—but majorities of voters are only dimly aware of the economic policy achievements the White House has been touting for months. Up top, Abby scrutinizes the guest list for intrigue, and she’s previously documented how the Dems’ designated SOTU responder, Abigail Spanberger, has become a “Bond villain” to the right.

Mentioned in this issue: Ken Paxton, Troy Nehl, Jesse Jackson, Jesse Jackson Jr., Donna Miller, John Cornyn, Karoline Leavitt, Hakeem Jeffries, Joe Biden, Nolan McCaskill, Michael Dell, and more…

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Capitol Markets

Abby Livingston Abby Livingston
  • Guess who’s coming to SOTU: The State of the Union guest list is always a source of fascination, as members and the president seek to manifest their political hobbyhorses in human form. This year, however, there are some additional intrigues related to the upcoming primary calendar. Most notably, Texas Attorney General Ken Paxton will be the guest of retiring Texas Republican Rep. Troy Nehls—placing him in somewhat awkward proximity to John Cornyn, the incumbent senator he’s looking to depose. (Paxton was spotted making the rounds at the Capitol earlier today, per an eagle-eyed Nolan McCaskill, with Nehls as his sherpa.) Anyway, it’s probably only a minor breach of decorum by the current standards of the Texas delegation.

    Meanwhile, the family of the late Jesse Jackson will attend the speech as guests of House Minority Leader Hakeem Jeffries. This includes the departed civil rights leader’s eldest son, former Rep. Jesse Jackson Jr., who’s currently attempting a political comeback. Jackson the younger is making a bid to return to Congress representing Illinois’ 2nd district—after doing time in federal prison for misappropriating $750,000 of campaign money for personal use. He’s not the frontrunner—Cook County Commissioner Donna Miller is currently outraising him—but Jackson does have name ID, and his father’s death will likely make Miller surrogates think twice before going negative on him. Anyway, for one night at least, he’s returning to the House.

Now about those polls…

Trump’s Pre-SOTU Red Alert

Trump’s Pre-SOTU Red Alert

As the White House gears up for tonight’s State of the Union, exclusive new polling demonstrates the uphill battle for Republicans: Most voters haven’t heard about what should be some of their most popular policies. And Trump’s nonstop blabbermouthing risks drowning them all out.

Peter Hamby Peter Hamby

In public remarks and private briefings with concerned Republicans, the White House has been promising that the bulk of Donald Trump’s State of the Union address this evening will be devoted to the economy and the cost-of-living issues that are still bedeviling Americans. Or as Karoline Leavitt told reporters this morning, “The president will lay out the case for why he and Republicans are better suited to continue tackling the affordability crisis that was created by the Biden administration and Democrats on Capitol Hill.” She promised that an era of Trump 2.0 “prosperity” is just over the horizon, pointing to lower mortgage rates, slowing inflation, and those tax cuts included in the Big Beautiful Bill.

We’ll see if Trump can stick to the plan. His address to a joint session of Congress last year was a rambling and tedious affair, a post-election victory lap running almost 100 minutes, making it the longest such speech in modern history. Trump talked about everything from Sesame Street to transgender rodents to the Panama Canal. As for tonight’s affair? “It’s going to be a long speech because we have so much to talk about,” Trump declared on Monday. (The Team USA gold medal men’s hockey team, which is reportedly attending the State of the Union, had better strap in and caffeinate—the boys were spotted clubbing at E11EVEN in Miami until 3 a.m. last night.)

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American Association of Railroads

Freight rail is a leading investor in America’s future 

 

America’s Class I railroads invest $23 billion every year to strengthen and safeguard the nation’s rail network — a level of capital spending that’s six times higher than the average U.S. manufacturer as a share of revenue. 

 

These investments modernize critical infrastructure, train employees, and drive safety innovations. From advanced intermodal hubs to upgraded tracks and new customer site development, freight rail is building a safer, faster, and more reliable supply chain — ensuring customers and communities benefit from long-term, sustainable growth. 

 

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Despite Leavitt’s rosy spin, anxious Republicans on the ballot this November will be watching the speech closely. Inflation may be cooling and gas prices may be down, but consumer prices still rose by 2.4 percent over the last year, and by even more for food. Interest rates remain stubbornly high. Tariff confusion continues to rattle business owners. Consumer confidence ticked up slightly this month, but it’s still below where it was after Trump’s victory in 2024.

So while Biden is gone, the vibecession lingers—and polls show demonstratively that voters have lost faith in the current president’s ability to manage the economy. Trump’s approval rating has fallen precipitously since he took office last year, currently hovering slightly over 40 percent in the RCP average. Just this week, a CNN poll found that only 26 percent of independents approve of Trump’s handling of the presidency, while a Washington Post-ABC-Ipsos poll found that 57 percent disapprove of the way Trump is managing the economy, and 65 percent disapprove of his handling of inflation. You don’t have to be Nate Silver to know those are textbook “Throw the bums out” numbers.

Midterm Warning Signs

What’s confounding for Republicans is that several pieces of Trump’s agenda should be popular on their own: ending taxes on tips, efforts to lower prescription drug prices, federally backed family savings accounts for newborns. But news of these achievements is either not reaching voters or just falling on deaf ears. This highlights an endemic communications problem for Trump, even in this supposedly more methodical second term: He often gets credit for attentional superpowers as he tramples his political opponents in the media and online, but his addiction to sensationalism and high-volume blabbermouthing continues to drown out news that his team ostensibly wants to talk about.

Puck has exclusive new polling—out this afternoon and fresh in your inbox as we wait for the State of the Union—highlighting the White House’s economic conundrum. We had Echelon Insights test a handful of Trump’s recent economic achievements to see how much voters are hearing about them compared to other high-wattage Trump-centric stories that have saturated the news in recent months.

Association of American Railroads
Association of American Railroads

Here’s the baseline: Echelon found that 88 percent of voters have seen, read, or heard a lot or some about ICE raids and the protests that consumed Minnesota last month. And 76 percent have heard a lot or some about Trump’s attempts to acquire Greenland. Meanwhile, a majority of voters (55 percent) have heard about Trump’s attempts to “build new monuments or renovate existing ones,” like tearing down the East Wing of the White House to erect his ballroom. All of these stories have dominated headlines for months, clearly breaking through to voters of all stripes. (Even majorities of those notoriously hard-to-reach young voters had heard about all of these stories.)

By contrast, majorities of voters have not heard about several of Trump’s key economic accomplishments, including some that were promoted with high-profile events at the White House or press conferences featuring the president and allies. For instance, only 45 percent of voters have heard or read about the launch of Trump Accounts, the Michael Dell–backed federal investment accounts designed to build long-term wealth for young children. A full 27 percent of voters said they had heard “nothing” about the accounts, including 30 percent of independents.

Only 42 percent of voters had heard something about the launch of TrumpRX, the administration’s new platform to help customers find and purchase low-cost prescription drugs under most-favored nation drug pricing. Under the hood in the crosstabs, a flashing-red warning sign for the White House: A majority of seniors (51 percent) said they had either heard nothing or only a little about TrumpRX and its purpose. Leavitt has already promised that Trump will talk about the initiative tonight.

Another worrying data point for Trump: Most voters aren’t aware of the details of the tax cuts that were included in the behemoth Big Beautiful Bill that Congress passed last year. The White House, of course, wanted to cram every conceivable domestic spending priority into the legislation, which meant that voters were inevitably going to miss certain details—including tax cuts that would normally be a calling card for the G.O.P. For instance, Echelon tested awareness of the BBB’s permanent extension of Trump’s 2017 tax cuts for working Americans earning between $30,000 and $80,000 a year. Remarkably, only a third of voters (34 percent) had heard about them. Even the intended recipients hadn’t: Only 29 percent of voters making under $50,000/year had heard of the tax cuts, and only 34 percent of those making under $75,000 had.

One economic initiative that has resonated relative to others is Trump’s elimination of taxes on tips, another BBB program that Trump plans to highlight on Tuesday night by shouting out hourly workers invited to the State of the Union as guests. A healthy majority of voters (60 percent) have heard a lot or some about eliminating taxes on tips. But as with the tax cut, awareness of no-tax-on-tips was lower among the very people the policy is supposed to help: Respondents without college degrees and people making less than $50,000/year knew less about it than voters with college degrees and voters with higher yearly incomes.

Impolitic with John Heilemann

Join Puck’s chief political columnist, John Heilemann, as he roams the corridors of power and influence in America on this twice-weekly interview show, taking you beyond the headlines with the people who shape our culture: icons and up-and-comers, incumbents and insurgents, moguls and machers in the overlapping worlds of politics, entertainment, tech, business, sports, media, and beyond. The conversations are rich and revealing, unrehearsed and unexpected… and reliably impolitic. A Puck-Audacy joint, new episodes drop every Wednesday and Friday.

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Unique and privileged insight into the private conversations taking place inside boardrooms and corner offices up and down Wall Street, relayed by best-selling author, journalist, and former M&A senior banker William D. Cohan.

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