Howard Lutnick makes the argument for a Trump economy: Harris 'will literally kill' American business
Published On Sep 26, 2024, 4:00 PM
In a recent interview, Howard Lutnick, CEO of Cantor Fitzgerald, expressed strong support for Donald Trump’s economic policies, arguing that vice president Kamala Harris’s proposals threaten American businesses. Lutnick believes that Trump’s plans, including tax cuts and tariffs on Chinese goods, would foster business growth in the U.S. and lower energy costs. He criticized Harris for her tax hikes and potential regulations, claiming they would harm innovation and the venture capital sector, essential for economic growth. Lutnick's commentary highlights a belief that Trump's approach would create a more favorable environment for U.S. businesses compared to Harris’s plans, which he perceives as detrimental to the economy.
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If Trump's economic policies gain traction, it could lead to increased investments in manufacturing and energy sectors, benefiting companies that can capitalize on lower tariffs and taxes. This may bolster stock prices in sectors such as energy and manufacturing.
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