Trump's plan to take heat off mom-and-pop pockets: Cut major utility bill by half 'immediately'

Published On Oct 18, 2024, 12:27 PM

Former President Donald Trump has proposed a plan to significantly reduce utility costs for small businesses, claiming he can cut energy costs by 50% if elected to a second presidential term. He attributes this reduction to increased energy production and plans to lift restrictions on various forms of energy, including oil, gas, and nuclear power. Trump argues this energy cost reduction would directly alleviate inflation and lower operational costs for businesses, allowing them to thrive.

Stock Forecasts

Given the positive sentiment towards Trump’s plans among certain investor groups, particularly in energy sectors that could benefit from less regulation and increased production, stocks of companies in the oil and gas sectors may see an uptick. However, skepticism remains around whether these plans can be realistically implemented, suggesting some volatility in these stocks as political dynamics evolve.

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