LARRY KUDLOW: Trump's new American industrialism ties a bow around all of his pro-growth policies

Published On Sep 24, 2024, 6:07 PM

Larry Kudlow discusses Donald Trump's 'new American industrialism' initiative which aims to revitalize U.S. manufacturing by offering businesses the lowest possible taxes, energy costs, and reduced regulations. Trump proposes a cut in the corporate tax rate to 15% for companies that manufacture in the U.S. He also emphasizes full expensing for manufacturing investments and a significant reduction in existing regulations. This plan is positioned as a counter to current administration policies and aims to boost job growth in various sectors including manufacturing, technology, and energy.

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Stock Forecasts

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Positive

Trump's new industrialism initiative may drive interest in U.S.-based manufacturing companies and funds focused on domestic production, as it promises lower taxes and regulatory burdens which could enhance profitability. Investments in sectors such as manufacturing and energy might receive positive attention as the market anticipates shifts in policy favoring these areas.

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Negative

Companies in sectors that are heavily regulated under current policies may face headwinds if Trump's policies are enacted, especially those in the green energy space that may lose out on subsidies. If the proposed tax cuts lead to increased competition and pricing pressures, it could negatively impact these sectors.

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