EP 786 Which Economic Direction will Sustain America’s Strong Economy?

There is a serious economic debate going on in America that hasn’t truly permeated the presidential campaign, but underlies the economic future of the country.  These debates are happening among members of the U.S. Senate Joint Economic Committee as to whether the path forward will be better by maintaining the Biden approach of an industrial policy built on developing a clean energy future and government investments in reshoring computer chips and high tech manufacturing or the Trump approach of extending the Tax Cuts and Jobs Act passed in his term, which must be renewed in 2025.  It cut corporate tax rates from 35% to 21%. This podcast was recorded before President Biden quit the race, but the basic differences between the parties remain. Joining us to discuss this and a range of other economic issues is Kenneth Rapoza an industry analyst from the Coalition for a Prosperous America.  He is a former foreign correspondent for the Wall Street Journal and a senior contributor to Forbes covering China.  It’s a lively discussion of the American economy and strategies of both parties in reshoring industrial jobs.