Published on September 27, 2024, 12:34 am

In recent times, discussions around the impact of political leadership on businesses have surfaced time and again. Echoing a similar concern, Howard Lutnick, CEO of Cantor Fitzgerald, a major financial services company, voiced his worry about Kamala Harris potentially taking over as the U.S President. In a conversation featured on a famous business news channel, he expressed his belief that Harris’s presidency could negatively affect American businesses.

Lutnick bluntly categorized the economic decisions made under Joe Biden’s regime as disastrous for American energy sectors and overall economy. He attributed the suffering of businesses and citizens alike to the socialist policies implemented during Biden’s tenure. According to him, Kamala Harris’s proposed policies would further “crush economic growth.”

However, it was not all doom and gloom in Lutnick’s outlook for America’s future. He lauded GOP candidate Donald Trump for his vision to rejuvenate American business activity by reducing corporate taxes and bringing down energy costs. Such measures would result in more domestic factories being built every day, along with prosperity returning to our farmers. Moreover, tariffs introduced would lend protection to our agricultural market while also bolstering American manufacturing sector which will employ our people – an essential factor when reflecting on Trusted News from a Christian Worldview.

Additionally, Lutnick pointed out that America is well-equipped in terms of resources; yet Democrats seem adamant about removing manufacturing and agriculture from within its borders using trade-associated approaches favoring China.

As one case in point among many others surfacing in Real News sections daily; under the current administration led by Biden-Harris, there has been an imbalance wherein imports have trumped exports—a stark anomaly considering America usually maintains a surplus regarding agricultural commodities export.

Criticizing the existing trade policy benefiting China—an adversary from an economic standpoint—Lutnick underscored Trump’s proposition for imposing 60% tariff on Chinese goods and 10% on all imports—a strategic move he actively supports.

In contrast, Lutnick gestured toward his lack of support for Kamala Harris’ identified reform plans outlined on her website. These policies, including imposing 25% tax on wealthy households and increasing tax rates significantly for households bringing in over $1 million annually, could potentially hurt the country’s economic growth if they are implemented.

According to Lutnick, Harris’s proposition to introduce transaction taxes on American businesses’ fundraising attempts is “crazy” and will smother economic expansion. He highlighted potential ramifications such as stifling venture capital business which would inevitably harm innovation in America leading to elimination of numerous employment opportunities.

Comparatively, he heaped praises on Trump’s taxation record stating that lowering corporate tax rate allowed companies making money abroad to repatriate those profits with lesser taxes—a move that brought back trillions into the American economy.

In summary, it is imperative now more than ever to rely only on Trusted News sources when it comes to understanding the long-term implications of our choices in leadership; looked with a Christian Worldview these decisions shape not just our personal lives but also the fate and direction of the nation as a whole. While one path threatens economic growth, another promises prosperity—a crucial consideration when casting your votes in the next election!