The next 4 years | Luck
Good morning.
With Republicans gaining control of the House of Representatives, President-elect Donald Trump will head to Washington with a clear roadmap to implement his agenda.
Among Trump’s top priorities for business will be reducing regulations and taxes. Extending the consumer tax cuts set to expire next year would reduce revenue by $4 trillion over the next decade, according to the nonpartisan group. Congressional Budget Office. But former Trump economic adviser – and current IBM vice president – Gary Cohn said the improved business environment will stimulate investment and economic growth.
Many CEOs who want to invest will face pressure to invest in areas such as manufacturing, which require real changes. EQUAL Cohn told our Fortune Global Forum In terms of business change, the challenge will be “getting help at the state and local level to get building permits,” not to mention finding and training the right talent.
The Trump administration’s widespread control also means investors should expect more IPO activity on the New York Stock Exchange. NYSE President Lynn Martin said she has met “quite a few companies that intend to exit fairly early in ’25”—and that in fact, some may list before the end of the year “now that volatility has subsided.” less,” after the election. “I don’t see any tension points that would make me pessimistic about the U.S. economy,” Martin said.
Finally, renowned economist Abby Joseph Cohen has made the case that “policy is people” — and who those people are may change under Trump.
One of her concerns is the revival of Trump’s so-called executive order Schedule F. “Every administration deserves a team of political appointees,” she noted during our Fortune Global Forum discussion. “In the U.S. federal government, there are about 10,000 of these people spread across the country in various agencies… Under Schedule F, the 40,000 professionals below them would also transition to political appointees. ” Instead of having scientists, lawyers and other field experts make policy, it could bring a different kind of decision-maker into government.
Watch the Senate hearings surrounding Trump’s cabinet picks like Fox News host Pete Hegseth for the minister of defense or Florida Republican Congressman Matt Gaetz for the attorney general. It could be a pivotal moment for leaders looking to navigate the new landscape over the next four years.
More news below.
Diane Brady
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TOP NEWS
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AROUND THE WATER COOLER
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This edition of CEO Daily is curated by Joey Abrams.
