How could the proposed policy agendas between the two US presidential candidates shape markets and economies? Top economists from the Democratic and Republican parties discuss a range of economic policies, painting starkly different policy approaches in some key areas but similarities in others. In the latest episode of Goldman Sachs Exchanges, Kevin Hassett, former Chairman of the Council of Economic Advisers under President Trump, and Jared Bernstein, the current Chairman of the Council of Economic Advisers, speak with host Allison Nathan. This episode explores the latest Top of Mind report, Post-election economic policies.
Key Takeaways
Tariffs: The expansion of tariffs on China is a very important policy because basically the amount of theft of US intellectual property and spying
that’s going on in the US is really disturbing.
Corporate Taxes: In the world we live in, we need to find a corporate rate that certainly facilitates robust investment and profitability. And yet, brings in new revenue. We’ve certainly seen our corporations be highly successful at rates above 28 percent. So, we think going to 28 would be a useful change.
Listen to Goldman Sachs Exchanges below.