Fox Business panel credits Trump with strong March jobs report
Stephen Moore: “I just wonder if maybe the market is pricing in a little bit, you know, and employers, too, the idea that maybe we’re going to get a new president in November.”
Published
Citation From the April 5, 2024, edition of Fox Business’ Mornings with Maria Bartiromo
STEPHEN MOORE (FORMER TRUMP ECONOMIC ADVISER): You know, we’ve been talking a lot about the stock market, and what are threats to stock market, what’s going to happen with interest rates. But I want to remind people that by far, by far the biggest risk to the stock market is what Joe Biden is proposing on taxes. If you did anything at all remotely near what he wants to do — which is double the capital gains tax, increase the dividend tax, increase the U.S. corporate tax rate from 21 to 28% — you’re talking about taxes on investment that would go as high as 50%. And so, what’s interesting is, you know, you just came out with that Fox poll a couple days ago that shows that Trump is in the lead I think in four of the five key battleground states—
MARIA BARTIROMO (FOX BUSINESS ANCHOR): Six out of seven, yes.
MOORE: Six out of seven. I just wonder if maybe the market is pricing in a little bit, you know, and employers, too, the idea that maybe we’re going to get a new president in November.
BARTIROMO: We’ll see. Does that work into your looking at markets, the idea that we could see policy changes next year? What do you think, Bob Doll?
BOB DOLL (CHIEF EXECUTIVE OFFICER, CROSSMARK GLOBAL INVESTMENTS): Yeah,has to. The policy differentials between these two guys is pretty significant, I agree with all Steve has said. One of my concerns, however, is the massive tariffs that Trump is thinking about putting on, that’s not great for our economy. But the rest of the tax issues, it’s a clear-cut differential.
BARTIROMO: Yeah, he certainly wants to keep China in check.