With decisive wins during the March 12 primaries, former President Trump has cemented his status as the Republican Party’s presumptive presidential nominee. President Biden’s slumping appr
With decisive wins during the March 12 primaries, former President Trump has cemented his status as the Republican Party’s presumptive presidential nominee. President Biden’s slumping approval ratings and various polls that show roughly two-thirds of Americans believe the country is on the “wrong track,” makes a Trump victory in November a clear possibility.
While polls will tighten in the coming months, business leaders should take seriously the possibility of a second Trump term and prepare accordingly. Business leaders need to carefully analyze Trump’s previous presidential actions and his 2024 policy proposals to determine the impact they might have on the economy and the larger business climate.
First, expect a second Trump administration to prioritize tax cuts and deregulation. That means the business community should have an open field to work with Congress next year to extend the 2017 tax reforms that encourage business investment and job creation. The Trump team also will want to repeal burdensome regulations that constrain growth. These are standard-issue GOP priorities, consistent with Trump’s pledge to ensure “lower taxes, bigger paychecks, and more jobs for American workers.”
Second, business leaders should prepare for dramatic changes in energy and environmental policy. Trump made it clear he wants to expand energy domestic exploration and production which are areas that have been severely constrained under the current administration.
