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The 2024 US presidential election race remains to be too near name, however it’s not wanting nice for Kamala Harris and the Democrats. I simply wrote in regards to the $988 billion in commitments from non-public corporations 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 monumental public investments coming from these insurance policies and applications.
Naturally, if Harris wins the election, all of those tasks will go ahead, and extra will roll in. Nonetheless, 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 laborious to know. Insurance policies like these have been mentioned nearly under no circumstances through 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If any of those are repealed, or if a Trump Cupboard simply decides to not go ahead implementing them nicely, how a lot may these almost $1 trillion in non-public sector commitments fall via or disappear?
More and more, it’s wanting like these are questions we’ll want solutions to, and it could be months earlier than we’ve solutions.
Tell us down within the feedback in case you suppose you might have solutions and why.
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