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The 2024 US presidential election race continues to be too near name, however it’s not wanting nice for Kamala Harris and the Democrats. I simply wrote concerning the $988 billion in commitments from private companies which might be related to payments signed into regulation by Joe Biden — the American Rescue Plan, Bipartisan Infrastructure Regulation, CHIPS and Science Act, and the Inflation Discount Act. There are additionally huge public investments coming from these insurance policies and packages.
Naturally, if Harris wins the election, all of those tasks will go ahead, and extra will roll in. Nevertheless, what if Harris loses?
I’m not clear what the reply is. Republicans management the Home of Representatives and it appears to have taken management of the Senate. Will they repeal the American Rescue Plan, Bipartisan Infrastructure Regulation, CHIPS and Science Act, and/or the Inflation Discount Act? It’s onerous to know. Insurance policies like these have been mentioned virtually by no means throughout the marketing campaign season. Home Speaker Mike Johnson was requested about whether or not they’d repeal the CHIPS Act the opposite day and indicated they hadn’t thought a lot about it however in all probability. That’s about all we’ve to go on.
If any of those are repealed, or if a Trump Cupboard simply decides to not go ahead implementing them properly, how a lot might these almost $1 trillion in non-public sector commitments fall by or disappear?
More and more, it’s wanting like these are questions we’ll want solutions to, and it might be months earlier than we’ve solutions.
Tell us down within the feedback if you happen to suppose you could have solutions and why.
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