Trump would keep tax rates low, encouraging investment, reduce growth-hobbling business regulation, and expand U.S. energy production, reducing the cost of literally everything.
As the November election approaches, the economy remains the most important issue for voters. On the question of which candidate voters believe would make the best economic policy decisions, President Trump holds a 10 percentage point advantage over Vice President Kamala Harris, according to the latest Pew Research survey. No one should be surprised.
Trump offers straightforward pro-growth economic policies consistent with the plan he successfully implemented during his first term in office, as most voters fondly recall.
He would keep tax rates low, encouraging investment and consumer spending, reduce growth-hobbling business regulation, and expand America’s domestic energy production, reducing the cost of literally everything.
During his first term in office, this plan reduced unemployment to historic lows for every race and both sexes, increased wages and family incomes to historic highs, drove poverty to historic lows, reduced income inequality, and all without inflation. It’s a plan that works, and Americans know it.
In fact, CNBC surveys going back to 2008 tellingly show that, over the past 16 years, Americans have been more pessimistic than optimistic about the economy in all but two years – 2018 and 2019 – when Trump was president.
In other words, Americans were more pessimistic than optimistic about the economy in all 12 years that Presidents Obama and Biden occupied the White House, but were more optimistic in two of the four years Trump was president. No one seriously doubts that Trump’s economic winning streak would have continued but for the pandemic.
Today, economic pessimism is essentially back to where it was in 2016, Obama’s last year in office, and where it was near the end of 2021, the year Biden and Harris took office.
The roots of the current pessimism lie in two massive Biden/Harris spending bills – each of passed only because Harris casting the tie-breaking votes (the misnamed American Rescue Plan and the comically named Inflation Reduction Act).
