With the U.S. election approaching, corporate America faces two different potential outcomes based on who wins the presidency. Trump, if re-elected, is expected to continue his policies of cutting corporate taxes and reducing regulations. In contrast, Harris is in favor of increasing the corporate tax rate and continuing Biden’s policies, including regulatory reforms.
For airlines, the outcome of the election could impact consumer protections and the cost of building aircraft. In the banking sector, Biden’s regulatory agenda could be at risk if Trump wins, potentially impacting industry revenue. The electric vehicle industry faces uncertainty, with Republicans generally opposing EVs and Democrats supporting them. Health care policy could see changes to lower prescription drug costs, with Harris planning to expand the Inflation Reduction Act.
Media industry executives are concerned about mergers and regulations, with the Biden administration potentially chilling deal-making. Both Trump and Harris have proposed plans to address taxes on restaurant workers’ tips, but with differing approaches. The tech sector faces challenges around artificial intelligence regulation and cybersecurity, with both candidates offering different perspectives. Deal-making for tech investors could be impacted based on who wins the presidency. Overall, the outcome of the election will shape the future landscape for various sectors in corporate America.
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