Wall Street Week Votes: Presidential Effect on the Economy
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CEOs in the Business Roundtable have a positive outlook on the economy for the next six months based on economic fundamentals. The president can substantially affect the economy through tax code renegotiation, potential trade deals, and the regulatory environment. Business CEOs welcomed the tax cuts passed in 2017 and want to maintain a competitive tax environment. The business community is concerned about overspending and wants sensible ways to control spending. Increased tariffs, especially on Chinese products, would be highly disruptive and damage the US's prosperity and future competitiveness. The business community is disappointed with the current regulatory environment and believes government policy is undermining free enterprise. The Biden administration's regulatory approach, particularly from the Securities Exchange Commission, is a concern. The Trump administration would be preferable in terms of regulation. CEOs want improvements in regulation and antitrust policy. Joshua Bolten, Business Roundtable CEO, discusses what CEOs want from the next president.



https://www.bloomberg.com/news/videos/2024-03-29/wall-street-week-votes-presidential-effect-on-the-economy