According to newly released Census Bureau data, all income groups in America advanced more during President Donald Trump’s first term than they did during the Biden administration.

Stephen Moore, a senior visiting fellow in economics at The Heritage Foundation, presented the unpublished data for the first time in an Oval Office presentation with Trump on Thursday. The data divided Americans into three groups: lower income (bottom 25% of earners), middle income (middle 50%), and upper income (top 25%).

“What I find fascinating about this, Mr. President, is every income group did better,” said Moore, displaying a chart showing the percentage gain that accrued on average in each income bracket.

Under President Joe Biden, the lower class, after adjusting for inflation, lost income over the course of four years. The middle-income earners stayed about the same. But the upper income earners did noticeably better, according to Moore.

“The rich were the only group that did better under Biden, which is ironic because Biden keeps saying he was trying to get rid of income inequality. He made income inequality worse, not better,” Moore said. “It was President Trump that reduced income inequality.”

The economist tallied the numbers in dollars, as well, showing that the lower income gained about $4,000 in annual revenue over Trump’s first term. The middle income gained about $6,400 in annual earnings, and the wealthiest earned $10,000 more a year from the start of Trump’s first term to its end.

The data takes into account the COVID pandemic, which hit at the end of Trump’s first term and caused a general dip in income.

In addition to data on income growth, Moore also showed graphs on Bureau of Labor Statistics data and median household income during Trump’s first months of his second term. In the first five months of Trump’s second term, the average household’s income has increased by an inflation-adjusted $1,174, Moore said.

Trump last week fired the head of the Bureau of Labor Statistics, Erika McEntarfer, after the bureau, responsible for collecting and releasing jobs data on the U.S. economy every month, issued a significant downward correction this month on data for May and June.

“Revisions for May and June were larger than normal,” the agency said in a report issued August 1. “The change in total nonfarm payroll employment for May was revised down by 125,000, from +144,000 to +19,000, and the change for June was revised  down by 133,000, from +147,000 to +14,000.”

Moore supported Trump’s decision to fire the agency head, citing similar significant corrections that were made to jobs data under Biden, which Moore said showed “incompetence.” Trump, however, told Moore he believed the figures had been deliberately manipulated.

🚨@StephenMoore presents new economic data in the Oval Office with @POTUS:

“Mr. President, you gained ten times more income for the average family than Joe Biden.”

“Every income group did better under Trump than Biden — by a wide margin.” pic.twitter.com/VIGjGf14YO

— Rapid Response 47 (@RapidResponse47) August 7, 2025

The United States doubled its reward on information leading to the arrest of Venezuelan President Nicolas Maduro on Thursday, offering $50 million.

Attorney General Pam Bondi announced the new bounty in a video statement, highlighting Maduro’s ties to drug cartels and calling the South American dictator a threat to U.S. national security.

“Maduro uses foreign terrorist organizations like TDA, Sinaloa, and Cartel of the Suns to bring deadly drugs and violence into our country. To date, the DEA has seized 30 tons of cocaine linked to Maduro and his associates with nearly seven tons linked to Maduro himself,” said Bondi.

“The DOJ has seized over $700 million of Maduro-linked assets, including two private jets, nine vehicles, and more,” she added. “Yet, Maduro’s reign of terror continues. He is one of the largest narco traffickers in the world and a threat to our national security.”

Today, @TheJusticeDept and @StateDept are announcing a $50 MILLION REWARD for information leading to the arrest of Nicolás Maduro. pic.twitter.com/D8LNqjS9yk

— Attorney General Pamela Bondi (@AGPamBondi) August 7, 2025

The United States’ bounty on Maduro previously increased in January when the Biden administration increased it to $25 million. The higher bounty came after the United States accused Maduro of claiming victory over a fraudulent election last year.

The United States has not recognized Maduro as Venezuela’s lawful leader since 2019, after the dictator claimed victory over the “deeply flawed 2018 presidential election,” according to the Department of Justice.

The Department of Justice first placed a bounty on Maduro in 2020, set at $15 million.

During his first term, President Donald Trump began to ratchet up pressure on Maduro. One of Trump’s last acts of his first term was to put in place sweeping sanctions on assets and people suspected of aiding Venezuela’s state-owned oil company, PDVSA, of trading its fuel.

Venezuela’s economy has collapsed under the Maduro regime, with millions of residents fleeing the country. The regime has kept afloat almost entirely from the country’s oil industry. Venezuela possesses the world’s largest proven oil reserves.

Earlier this year, Trump reversed course on a decision to cancel Venezuela’s license to work with Chevron to export oil to the United States. Chevron first obtained the license to work in Venezuela in 2022, and Trump canceled the license in February.

The president renewed the license in July, reportedly as part of a prisoner swap that saw 10 American hostages returned to the United States from Venezuela.