Former President Donald Trump has picked Senator JD Vance (R-Oh.) as his 2024 running mate. While Vance is a conservative, some of the economic philosophies that he has floated have been more centrist and critical towards Wall Street. How would this shape up if he took the White House?
Axios chief economics correspondent Neil Irwin joins Asking For A Trend to give insight into potential Trump-Vance economic policies if they take the White House in 2025.
Irwin explains that while Trump likes to tout populist ideas on the campaign trail, he has had a different view in the White House. While Vance has his own ideas, it is unknown if his sentiments will translate into policy in his vice president role.
“[Trump] also loves talking to CEOs and loves talking about how he’s so great for business. He just floated cutting the corporate income tax rate again. He cut it from 38% to 21% when he was in office, he wants to go down to 15% now, he says. So look, there’s a lot of things Trump would like to do that are certainly business priorities and things that big business would like to see. And Vance as vice president would just be one voice at the table, kind of trying to shape those policies.” says Irwin.
Irwin characterizes Vance’s comments as “part of a shift in who the Republican base is and what Republican Party priorities are.”
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