Cato Daily Podcast
Trump Again
Nov 6, 2024
Alex Nowrasteh, Vice President for Economic and Social Policy Studies at the Cato Institute and an immigration and trade policy expert, delves into the implications of a potential second term for Donald Trump. He discusses the notable risks and downsides associated with Trump's return to power, while also highlighting potential benefits over a Kamala Harris administration. Nowrasteh explores anticipated policy changes on immigration and healthcare, as well as the complexities of fiscal policy and entitlement reform in a future Trump administration.
12:10
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Quick takeaways
- A second Trump term may lead to significant energy policy changes, promoting fossil fuel exploration and deregulation of stricter environmental policies.
- The anticipated immigration and trade policies under Trump are likely to reflect a continuation of restrictive measures and a protectionist approach.
Deep dives
Potential Benefits of a Second Trump Presidency
A second Trump presidency could bring several advantages compared to a Kamala Harris administration, primarily due to the president's significant unilateral power through executive orders. Trump is expected to promote fossil fuel exploration and extractive policies, likely revoking numerous stringent regulations under previous administrations, such as those concerning greenhouse gas emissions. There may be a resurgence of natural gas exports and potential deregulation in the nuclear energy sector, highlighting a favorable stance towards energy independence. Additionally, significant changes in federal affirmative action policies could occur, potentially influencing many private-sector hiring practices linked to federal contracts.
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